Edison Inv. Res Lifts Earnings Estimates for ADS-TEC Energy

ADS-TEC Energy PLC (NASDAQ:ADSE) – Stock analysts at Edison Inv. Res raised their FY2024 earnings per share (EPS) estimates for ADS-TEC Energy in a research report issued to clients and investors on Thursday, March 27th. Edison Inv. Res analyst D. Larkam now expects that the company will post earnings per share of ($0.02) for the year, up from their previous forecast of ($0.03). The consensus estimate for ADS-TEC Energy’s current full-year earnings is ($0.68) per share. Edison Inv. Res also issued estimates for ADS-TEC Energy’s FY2025 earnings at $0.19 EPS.

Separately, Roth Capital raised shares of ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th.

ADS-TEC Energy Trading Up 0.1 %

Shares of NASDAQ ADSE opened at $15.00 on Monday. ADS-TEC Energy has a 52 week low of $9.92 and a 52 week high of $16.35. The business’s 50 day moving average price is $14.82 and its 200 day moving average price is $14.18.

Hedge Funds Weigh In On ADS-TEC Energy

Several institutional investors and hedge funds have recently modified their holdings of ADSE. JPMorgan Chase & Co. raised its position in ADS-TEC Energy by 132.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company’s stock valued at $32,000 after acquiring an additional 1,185 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of ADS-TEC Energy during the 4th quarter worth approximately $53,000. GAMMA Investing LLC purchased a new position in shares of ADS-TEC Energy during the 4th quarter valued at approximately $69,000. Renaissance Technologies LLC acquired a new position in shares of ADS-TEC Energy in the 4th quarter valued at $313,000. Finally, Geode Capital Management LLC boosted its holdings in ADS-TEC Energy by 15.0% during the third quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock worth $425,000 after buying an additional 4,154 shares in the last quarter. Institutional investors and hedge funds own 51.65% of the company’s stock.

About ADS-TEC Energy

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.