ADS-TEC Energy PLC (NASDAQ:ADSE - Free Report) - Equities research analysts at Roth Capital decreased their FY2024 earnings estimates for shares of ADS-TEC Energy in a research note issued on Wednesday, February 19th. Roth Capital analyst C. Irwin now forecasts that the company will post earnings per share of ($1.33) for the year, down from their prior forecast of ($0.11). Roth Capital has a "Strong-Buy" rating on the stock. The consensus estimate for ADS-TEC Energy's current full-year earnings is ($0.68) 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 Trading Down 1.1 %
Shares of ADSE traded down $0.16 during trading hours on Monday, reaching $14.62. 299,967 shares of the company traded hands, compared to its average volume of 173,820. The company's fifty day moving average price is $15.08 and its two-hundred day moving average price is $13.90. ADS-TEC Energy has a 12 month low of $8.41 and a 12 month high of $16.35.
Institutional Investors Weigh In On ADS-TEC Energy
A number of large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in shares of ADS-TEC Energy by 132.6% during 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 stake in shares of ADS-TEC Energy during the 4th quarter valued at about $53,000. Geode Capital Management LLC lifted its position in ADS-TEC Energy by 11.9% during the 4th quarter. Geode Capital Management LLC now owns 35,572 shares of the company's stock valued at $552,000 after acquiring an additional 3,771 shares during the period. GAMMA Investing LLC purchased a new position in ADS-TEC Energy during the 4th quarter valued at about $69,000. Finally, Renaissance Technologies LLC purchased a new position in ADS-TEC Energy during the 4th quarter valued at about $313,000. Institutional investors own 51.65% of the company's stock.
About ADS-TEC Energy
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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.
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