ADS-TEC Energy PLC (NASDAQ:ADSE) Forecasted to Post FY2024 Earnings of ($0.03) Per Share

ADS-TEC Energy PLC (NASDAQ:ADSE) – Edison Inv. Res issued their FY2024 earnings estimates for ADS-TEC Energy in a report released on Tuesday, April 9th. Edison Inv. Res analyst D. Larkam anticipates that the company will post earnings per share of ($0.03) for the year. The consensus estimate for ADS-TEC Energy’s current full-year earnings is ($0.69) per share. Edison Inv. Res also issued estimates for ADS-TEC Energy’s FY2025 earnings at $0.31 EPS and FY2026 earnings at $0.80 EPS.

ADS-TEC Energy Price Performance

NASDAQ ADSE opened at $10.40 on Friday. The company has a fifty day simple moving average of $10.02 and a two-hundred day simple moving average of $7.91. ADS-TEC Energy has a 12-month low of $1.90 and a 12-month high of $11.48.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. raised its holdings in shares of ADS-TEC Energy by 362.8% in the second quarter. Osaic Holdings Inc. now owns 5,230 shares of the company’s stock worth $33,000 after buying an additional 4,100 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of ADS-TEC Energy in the first quarter worth $65,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of ADS-TEC Energy in the third quarter worth $134,000. Geode Capital Management LLC increased its stake in shares of ADS-TEC Energy by 53.3% in the second quarter. Geode Capital Management LLC now owns 22,551 shares of the company’s stock worth $144,000 after acquiring an additional 7,842 shares during the period. Finally, Northern Trust Corp increased its stake in shares of ADS-TEC Energy by 60.0% in the first quarter. Northern Trust Corp now owns 32,000 shares of the company’s stock worth $276,000 after acquiring an additional 12,000 shares during the period. Hedge funds and other institutional investors 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.