ADS-TEC Energy PLC (NASDAQ:ADSE - Free Report) - Equities research analysts at Edison Inv. Res increased their FY2024 earnings per share estimates for shares of ADS-TEC Energy in a research note issued on Thursday, March 27th. Edison Inv. Res analyst D. Larkam now anticipates that the company will post earnings of ($0.02) per share for the year, up from their prior 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 upgraded ADS-TEC Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 19th.
Read Our Latest Report on ADS-TEC Energy
ADS-TEC Energy Stock Performance
NASDAQ ADSE traded down $0.64 on Monday, reaching $13.66. The company had a trading volume of 95,573 shares, compared to its average volume of 98,705. ADS-TEC Energy has a fifty-two week low of $9.99 and a fifty-two week high of $16.35. The business has a 50 day moving average of $14.72 and a two-hundred day moving average of $14.19.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of 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 during the period. GAMMA Investing LLC bought a new stake in ADS-TEC Energy during the fourth quarter valued at $69,000. Raymond James Financial Inc. acquired a new stake in ADS-TEC Energy during the 4th quarter worth about $621,000. JPMorgan Chase & Co. raised its position 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 worth $32,000 after acquiring an additional 1,185 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of ADS-TEC Energy in 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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