Analysts Set Expectations for ADS-TEC Energy FY2024 Earnings

ADS-TEC Energy PLC (NASDAQ:ADSE) – Analysts at Roth Capital cut their FY2024 earnings estimates for ADS-TEC Energy in a research report issued on Wednesday, February 19th. Roth Capital analyst C. Irwin now expects 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 Trading Up 0.2 %

NASDAQ:ADSE opened at $14.81 on Monday. ADS-TEC Energy has a 1 year low of $8.41 and a 1 year high of $16.35. The firm’s fifty day simple moving average is $15.04 and its 200 day simple moving average is $13.88.

Institutional Investors Weigh In On ADS-TEC Energy

A number of hedge funds have recently bought and sold shares of the company. Mirabella Financial Services LLP increased its stake in shares of ADS-TEC Energy by 1,521.8% in the fourth quarter. Mirabella Financial Services LLP now owns 11,067,883 shares of the company’s stock worth $171,663,000 after purchasing an additional 10,385,428 shares during the period. Robert Bosch GmbH acquired a new stake in ADS-TEC Energy in the 4th quarter valued at approximately $162,273,000. Raymond James Financial Inc. bought a new position in ADS-TEC Energy in the 4th quarter worth approximately $621,000. Geode Capital Management LLC lifted its holdings in shares of ADS-TEC Energy by 11.9% during the fourth quarter. Geode Capital Management LLC now owns 35,572 shares of the company’s stock worth $552,000 after buying an additional 3,771 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of ADS-TEC Energy during the fourth quarter worth approximately $313,000. 51.65% of the stock is currently owned by 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.