ADS-TEC Energy FY2024 EPS Forecast Lowered by Roth Capital

ADS-TEC Energy PLC (NASDAQ:ADSE) – Equities researchers at Roth Capital reduced their FY2024 EPS estimates for shares of ADS-TEC Energy in a research report issued on Wednesday, February 19th. Roth Capital analyst C. Irwin now anticipates that the company will post earnings per share of ($1.33) for the year, down from their prior forecast of ($0.11). Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for ADS-TEC Energy’s current full-year earnings is ($0.07) per share. Roth Capital also issued estimates for ADS-TEC Energy’s FY2025 earnings at ($0.32) EPS and FY2026 earnings at ($0.55) EPS.

ADS-TEC Energy Stock Down 1.6 %

ADSE stock opened at $14.92 on Monday. ADS-TEC Energy has a 12 month low of $8.41 and a 12 month high of $16.35. The company has a 50-day moving average price of $15.03 and a 200 day moving average price of $13.86.

Institutional Investors Weigh In On ADS-TEC Energy

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of ADS-TEC Energy by 132.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company’s stock valued at $32,000 after purchasing an additional 1,185 shares in the last quarter. Bank of America Corp DE bought a new position in shares of ADS-TEC Energy during the 4th quarter worth approximately $53,000. GAMMA Investing LLC bought a new position in shares of ADS-TEC Energy during the 4th quarter worth approximately $69,000. Renaissance Technologies LLC bought a new position in shares of ADS-TEC Energy during the 4th quarter worth approximately $313,000. Finally, Geode Capital Management LLC raised its stake in shares of ADS-TEC Energy by 15.0% during the 3rd quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock worth $425,000 after acquiring an additional 4,154 shares in the last quarter. 51.65% of the stock is owned by hedge funds and other institutional investors.

ADS-TEC Energy Company Profile

ADS-TEC Energy PLC provide intelligent and decentralized energy storage systems in Europe and North America. Its portfolio of ecosystem platforms provides DC-based ultra-fast chargers for EVs on power limited grids, energy storage and management solutions for commercial and industrial applications, and energy storage and management solutions for residential sector coupling applications.