FY2024 EPS Estimates for ADS-TEC Energy Lowered by Analyst

ADS-TEC Energy PLC (NASDAQ:ADSE) – Investment analysts at Roth Capital dropped their FY2024 earnings per share (EPS) estimates for ADS-TEC Energy in a research report issued to clients and investors 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 estimate 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 Stock Performance

Shares of ADSE opened at $14.92 on Monday. The stock’s 50-day moving average is $15.06 and its two-hundred day moving average is $13.90. ADS-TEC Energy has a 12 month low of $8.41 and a 12 month high of $16.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mirabella Financial Services LLP lifted its stake in shares of ADS-TEC Energy by 1,521.8% during 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 in the last quarter. Robert Bosch GmbH acquired a new position in shares of ADS-TEC Energy during the fourth quarter worth about $162,273,000. Raymond James Financial Inc. purchased a new stake in shares of ADS-TEC Energy during the fourth quarter worth about $621,000. Geode Capital Management LLC increased its position 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 acquiring an additional 3,771 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of ADS-TEC Energy during the fourth quarter worth about $313,000. Institutional investors and hedge funds own 51.65% of the company’s stock.

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.