NÜRTINGEN, Germany--(BUSINESS WIRE)-- #battery--ADS-TEC Energy PLC (NASDAQ: ADSE) (the "Company†), a global leader in battery-based energy storage and fast-charging systems, today announced its unaudited interim condensed consolidated financial statements for the first half of the year 2025, covering the period ended June 30, 2025. Financial Highlights The first half of the year was slower as the legacy electric vehicle charging business experienced some delays. Importantly, no significant business opport ...

[Review FY2024](index=4&type=section&id=1.%20Review%20FY2024) The company achieved its first-ever positive gross profit and adjusted EBITDA in FY2024, significantly growing service revenue and its customer base - Achieved first-time ever **positive gross profit** and **positive adjusted EBITDA** for the full year[10](index=10&type=chunk) - Service revenue almost tripled to **€5.6 million**[10](index=10&type=chunk) - Customer base grew by **more than 200%** to **55 customers** across Europe, USA, and Canada[10](index=10&type=chunk) - Focused on a resilient business model backed by long-term multi-revenues and proven technology[10](index=10&type=chunk) [Strengthening Partnerships & Accelerating Recurring Revenues](index=6&type=section&id=2.%20Strengthening%20Partnerships%20%26%20Accelerating%20Recurring%20Revenues) For 2025, the company will prioritize strengthening partnerships, accelerating recurring revenues, expanding its international customer base, and developing large-scale BESS projects - For 2025, ADS-TEC Energy will focus on continuing partnerships and accelerating recurring revenues[13](index=13&type=chunk) - The company is continuously expanding its international customer base and will act as a full-service provider for selected infrastructure projects[16](index=16&type=chunk) - Plans to develop large-scale Battery Energy Storage System (BESS) projects in 2025+ and has improved momentum in North America, attracting blue-chip customers such as Parkland[16](index=16&type=chunk) [Strategy Europe & North America](index=9&type=section&id=3.%20Strategy%20EU%2FNAR) The company's strategy in Europe and North America focuses on leveraging proven technology and an extended 360° business model for resilient growth [Strategic Foundation and 360° Approach](index=10&type=section&id=3.1.%20Strategic%20Foundation%20and%20360%C2%B0%20Approach) ADS-TEC Energy leverages over a decade of development experience and a focus on innovation to build a resilient, multi-revenue business model, including an extended 360° approach covering hardware, software, installation, operation, and services for infrastructure projects - The strategy is built on **10+ years of development experience**, continuous innovation, awarded and proven technology, and a resilient, long-term business model based on multi-revenues[21](index=21&type=chunk) - The extended 360° business model includes hardware (battery-based products), software solutions, installation & commissioning, operation of solutions, and broad service contracts (SLA) and digital services (SaaS)[23](index=23&type=chunk) - Use cases for the extended business model include charging, energy trading, and advertising (DOOH)[23](index=23&type=chunk) [ChargePost and C&I Projects](index=12&type=section&id=3.2.%20ChargePost%20and%20C%26I%20Projects) The ChargePost enables resilient business models through ultra-fast charging, energy trading, and advertising, while the company renews its focus on large-scale Commercial & Industrial (C&I) projects, including planning one of Europe's largest BESS projects (500MW/1GWh) for a 2025 start - ChargePost enables resilient and long-term business models backed by multi-revenues from ultra-fast charging, energy trading, and advertising (DOOH)[27](index=27&type=chunk) - Large-scale storage systems are becoming crucial, and ADS-TEC Energy will take part in this international growth market, with a pipeline including one of Europe's largest BESS projects (**more than 500MW/1GWh**) currently in planning[31](index=31&type=chunk) - The required land for the large BESS project has been secured, and the application for grid connection submitted, with an expected official project start during 2025[31](index=31&type=chunk) [Financial Highlights FY2024](index=14&type=section&id=4.%20Financial%20Highlights%20FY2024) FY2024 financial performance shows significant improvements in profitability, driven by revenue growth and effective cost management [Revenues](index=15&type=section&id=4.1.%20Revenues) ADS-TEC Energy exceeded its previous year's revenues in FY2024 amidst market uncertainties, driven by a significant increase in service revenue and a growing customer base | Metric | FY 2024 (million EUR) | FY 2023 (million EUR) | Change (YoY) | | :---------------- | :------------------ | :------------------ | :------------ | | Total Revenues | 110.0 | 107.4 | +2.4% | | Service Revenues | 5.6 | 2.0 | +180% | - The customer base grew by **more than 200%** to **55 customers** across Europe, USA, and Canada[36](index=36&type=chunk) [Profitability and Liquidity](index=16&type=section&id=4.2.%20Profitability%20and%20Liquidity) The company achieved a significant turnaround in profitability in FY2024, reporting positive gross profit and adjusted EBITDA for the first time, alongside improved operating results and strong liquidity management | Metric | FY 2024 (million EUR) | FY 2023 (million EUR) | Change (YoY) | | :---------------- | :------------------ | :------------------ | :------------ | | Gross Profit | 19.4 | -2.9 | Turnaround | | Gross Margin | 17.7% | -2.7% | +20.4 pp | | Adjusted EBITDA | 2.2 | -38.1 | Turnaround | | Operating Result | -8.6 | -44.5 | +35.9 million EUR | | Cost of Sales | -90.6 | -110.27 | -18% | - Cash and Cash Equivalents stood at **€22.9 million** as of December 31, 2024, demonstrating strong liquidity management[39](index=39&type=chunk) [Summary](index=17&type=section&id=5.%20Summary) The company achieved significant financial milestones in FY2024, including positive gross profit and adjusted EBITDA, while receiving technology recognitions and outlining a clear growth strategy - Received multiple technology recognitions including the German Innovation Award and Green Product Award in 2024, with ChargeBox and ChargePost proven by real operating data from clients[42](index=42&type=chunk) - Established a strong financial basis with first-time **positive gross profit** and **adjusted EBITDA**, issuance of **$50.0 million** senior secured convertible notes, and extended shareholder loans until August 31, 2026[42](index=42&type=chunk) - Growth strategy focuses on strengthening partnerships, accelerating recurring revenues, expanding the customer base by **over 200%**, and tripling service business driven by a growing installed base[42](index=42&type=chunk) [Q&A](index=19&type=section&id=6.%20Q%26A) This section provides an opportunity for questions and answers regarding the financial report and company outlook [Appendix: Detailed Financial Statements](index=21&type=section&id=7.%20Financials) This appendix provides detailed financial statements, including profit or loss, EBITDA reconciliation, financial position, and cash flows for the reported periods [Consolidated Statements of Profit or Loss and Comprehensive Income (Loss)](index=22&type=section&id=7.1.%20Consolidated%20Statements%20of%20Profit%20or%20Loss%20and%20Comprehensive%20Income%20%28Loss%29) The consolidated statement of profit or loss shows a significant improvement in operating result and gross profit for FY2024 compared to FY2023, despite a higher net loss for the period primarily due to increased finance expenses | Metric | Dec 31, 2024 (thousand EUR) | Dec 31, 2023 (thousand EUR) | | :------------------------------------------------ | :-------------------------- | :-------------------------- | | Revenue | 110,013 | 107,384 | | Cost of sales | -90,585 | -110,270 | | Gross profit (loss) | 19,427 | -2,886 | | Research and development expenses | -8,971 | -2,832 | | Selling and general administrative expenses | -31,588 | -27,823 | | Other income | 14,530 | 667 | | Operating result | -8,609 | -44,525 | | Finance expenses | -88,883 | -13,887 | | Result for the period | -97,958 | -55,081 | | Diluted Earnings (loss) per share (in EUR) | -1.91 | -1.13 | [EBITDA and Adjusted EBITDA Reconciliation](index=23&type=section&id=7.2.%20EBITDA%20and%20Adjusted%20EBITDA%20Reconciliation) The reconciliation shows a substantial improvement in both EBITDA and Adjusted EBITDA for FY2024, moving from significant negative figures in FY2023 to near break-even for EBITDA and positive for Adjusted EBITDA | Metric | Dec 31, 2024 (thousand EUR) | Dec 31, 2023 (thousand EUR) | | :-------------------------- | :-------------------------- | :-------------------------- | | Result for the period | -97,958 | -55,081 | | + Depreciation | 6,699 | 4,850 | | + Net finance result | 88,858 | 13,697 | | + Income tax benefits (expenses) | 491 | -3,141 | | EBITDA | -1,910 | -39,674 | | + share-based payments | 4,090 | 1,561 | | Adjusted EBITDA | 2,180 | -38,113 | [Consolidated Statements of Financial Position](index=24&type=section&id=7.3.%20Consolidated%20Statements%20of%20Financial%20Position) The balance sheet shows an increase in total assets and total liabilities from FY2023 to FY2024, with a notable shift in equity from positive to negative, largely influenced by warrant liabilities | Metric | Dec 31, 2024 (thousand EUR) | Dec 31, 2023 (thousand EUR) | | :-------------------------------- | :-------------------------- | :-------------------------- | | Total assets | 145,230 | 124,408 | | Non-current assets | 30,188 | 34,900 | | Current assets | 115,042 | 89,509 | | Total equity | -42,809 | 33,919 | | Non-current liabilities | 126,192 | 30,142 | | Current liabilities | 61,847 | 60,347 | | Total liabilities | 188,039 | 90,489 | | Warrant liabilities (non-current) | 119,581 | 21,626 | [Consolidated Statements of Cash Flows](index=25&type=section&id=7.4.%20Consolidated%20Statements%20of%20Cash%20Flows) Cash flow from operating activities improved in FY2024, though still negative, while investing activities saw reduced outflows and financing activities shifted to a net outflow, resulting in a net decrease in cash and cash equivalents | Metric | Dec 30, 2024 (thousand EUR) | Dec 30, 2023 (thousand EUR) | | :------------------------------------------ | :-------------------------- | :-------------------------- | | Cash flow from operating activities | -16,285 | -20,659 | | Cash flow from investing activities | -1,296 | -9,920 | | Cash flow from financing activities | -10,598 | 25,492 | | Net decrease (-) / increase in cash and cash equivalents | -6,984 | -5,087 | | Net cash and cash equivalents at the end of the period | 22,858 | 29,162 |

Financial Performance - Total revenue for FY2024 reached €110.0 million, slightly exceeding the €107.4 million in FY2023[57] - Service revenue almost tripled, increasing from €2.0 million in FY2023 to €5.6 million in FY2024[57] - The company achieved its first-ever positive gross profit of €19.4 million, representing a gross margin of 17.7% in FY2024, a significant improvement from a negative gross margin of €-2.9 million (-2.7%) in FY2023[60] - Adjusted EBITDA turned positive at €2.2 million for FY2024, a substantial turnaround from €-38.1 million in the previous year[60] - Cash and cash equivalents stood at €22.9 million as of December 31, 2024[60] Business Growth and Strategy - The customer base grew by more than 200% to 55 customers across Europe, USA, and Canada[57] - The company is focusing on a resilient business model backed by long-term multi-revenues and proven technology[17, 63] - The company plans to develop large-scale Battery Energy Storage System (BESS) projects in 2025 and beyond[26] - A large BESS project in Europe, exceeding 500MW/1GWh, is currently being planned, with land secured and grid connection application submitted, with official project start expected in 2025[49] Financial Position - The company issued senior secured convertible notes with an aggregate principal amount of $50.0 million and warrants to purchase 1,116,072 ordinary shares[63] - Existing shareholder loans were extended until August 31, 2026, providing an open credit line of $25.6 million[63]

Financial Data and Key Metrics Changes - The company achieved a revenue of EUR 110 million for the full year 2024, compared to EUR 107.4 million in 2023, representing a growth of approximately 2.5% [18][19] - Positive gross profit and positive adjusted EBITDA were reported for the first time, with a gross margin of EUR 90.4 million (70.7%) compared to a loss of EUR 9.2 million (-2.7%) in 2023 [20][23] - Operating cash flow improved significantly from EUR -20.7 million to EUR 16.3 million, marking an improvement of EUR 12 million when accounting for capitalized R&D [21][22] Business Line Data and Key Metrics Changes - Service revenues nearly tripled from EUR 2 million in 2023 to EUR 5.6 million in 2024, driven by a growing base of installed fast charging solutions [19][20] - The customer base increased by over 200%, reaching 55 customers across Europe, the USA, and Canada [19][25] Market Data and Key Metrics Changes - The company noted improved momentum in North America, winning new customers and expanding its market presence [12] - The market for electric vehicles (EVs) is showing signs of recovery after a downturn, indicating potential growth opportunities [29] Company Strategy and Development Direction - The company aims to strengthen partnerships with existing and new customers while focusing on recurring revenue streams [4][25] - A shift towards a full-service provider model is being implemented, allowing the company to operate and own infrastructure projects [10][14] - The strategy includes a focus on large-scale battery storage projects, with plans for a significant project exceeding 500 megawatts [16][41] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of flexibility in operations and the ability to adapt to local market regulations [30][32] - The overall market remains volatile, but the company is optimistic about long-term growth opportunities despite short-term challenges [9][34] Other Important Information - The company secured a convertible note of EUR 50 million and extended existing shareholder loans, providing additional financial resources for growth [24][25] - Several awards were received in 2024, highlighting the company's recognized technology and innovation [22][23] Q&A Session Summary Question: What are some challenges and opportunities for companies like ADS Tech? - Management highlighted ongoing transformation in the market and the return of EV demand as key opportunities, while also noting regulatory challenges [28][29][30] Question: How do you see the competition with large corporations in the same business? - Management clarified that the company does not aim to be a utility but rather a strong partner for utilities, focusing on decentralized solutions [35][36][38] Question: Can you provide some view on the financials for the large 500 megawatt project? - Management stated that the project is under development, with site access secured and grid connection applications expected to be fulfilled in 2025 [39][41] Question: Could you expand on how the EUR 50 million financing will impact new shares? - Management explained that the convertible note will be exchanged for shares, with the price determined in the coming months [44][45] Question: Will the change in strategy impact short-term financials? - Management emphasized that the strategy is not a change but an expansion of existing operations, with a focus on maintaining partnerships [47][49] Question: How many operational charges are planned for 2025? - Management indicated plans to acquire between 100 and 500 operational sites, with installation timelines dependent on funding and site access [55][56]

Financial Data and Key Metrics Changes - The company achieved a revenue of EUR 110 million for the full year 2024, an increase of approximately 2.5% compared to EUR 107.4 million in 2023 [18] - Positive gross profit and positive adjusted EBITDA were reported for the first time, with a gross margin of EUR 90.4 million (70.7%) compared to a loss of EUR 9.2 million (-2.7%) in 2023 [20] - Adjusted EBITDA improved from a loss of EUR 38.1 million to a positive EUR 2.2 million [21] - Operating cash flow significantly improved from a loss of EUR 20.7 million to a positive EUR 16.3 million [21] Business Line Data and Key Metrics Changes - Service revenues nearly tripled from EUR 2 million in 2023 to EUR 5.6 million in 2024, driven by a growing base of installed fast charging solutions [19] - The customer base increased by over 200%, reaching 55 customers across Europe, the USA, and Canada [19][25] Market Data and Key Metrics Changes - The company noted improved momentum in North America, winning new customers and expanding its market presence [12] - The market for electric vehicles (EVs) is showing signs of recovery after a downturn, indicating potential growth opportunities [28] Company Strategy and Development Direction - The company aims to strengthen partnerships with existing and new customers, focusing on a resilient business model with multiple revenue streams [6][25] - Plans to develop large-scale battery storage projects are underway, with a significant project of over 500 megawatts in Europe expected to start in 2025 [16][41] - The company is transitioning to a full-service provider model, managing complete infrastructure projects for clients [10] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of flexibility in operations and the ability to adapt to local market regulations [30] - The overall market for charging and energy trading is expected to grow, with flexibility becoming increasingly valuable [62][63] Other Important Information - The company secured a convertible note of EUR 50 million to support its growth strategy and operational investments [24] - Several awards were received in 2024, including the German Innovation Award and the Green Product Award, highlighting the company's recognized technology [22] Q&A Session Summary Question: What are some challenges and opportunities for companies like ADS-TEC? - Management highlighted ongoing transformation in the market and the return of EV demand as opportunities, while also noting regulatory challenges and market volatility [28][30] Question: How do you see competition with large corporations in the same business? - The company positions itself as a strong partner rather than a utility, focusing on enabling others to participate in the market [34][36] Question: Can you provide financial details on the large-scale battery project? - The project is under development, with site access secured, and further steps will involve applying for grid access [39][41] Question: How will the EUR 50 million financing impact new shares? - The financing will be through a convertible note, with details on share conversion to be determined in the coming months [45] Question: Will the change in strategy impact short-term financials? - Management clarified that the strategy is an expansion rather than a change, maintaining focus on the existing business model while exploring new opportunities [47][51] Question: How many operational chargers are planned for development in 2025? - The company anticipates acquiring between 100 to 500 operational sites, with installation progressing as quickly as possible [56]

Company Classification and Growth - The company is classified as an "emerging growth company" and will remain so until total annual gross revenue reaches $1.235 billion or other specified conditions are met[117]. Geopolitical Risks - The ongoing military conflict in Ukraine may adversely affect the company's operations and expansion plans in the European Union, leading to market disruptions and increased commodity price volatility[120]. - The conflict between Israel and Hamas has negatively impacted the global economy, which could affect the company's financial performance despite limited direct exposure to the Middle East[122]. - The company faces risks from the conflict between China and Taiwan, particularly regarding semiconductor supply chain disruptions that could increase costs and delay product deliveries[124]. Economic and Market Conditions - Inflationary pressures and market fluctuations, including tariffs, could increase operational costs and affect the company's ability to pass these costs onto customers[126][127]. - Economic instability and fluctuations in currency exchange rates may adversely affect consumer demand and operational costs, impacting the company's financial performance[130]. - Market opportunity estimates for the EV and battery storage market are subject to significant uncertainty, which could impact the company's growth forecasts[134]. Demand and Adoption of Electric Vehicles - The demand for electric vehicles (EVs) is influenced by various factors, including fuel economy standards and consumer acceptance, which could affect the company's product demand[135]. - The company’s future growth is dependent on the rapid adoption of EVs, which is influenced by changing technologies, government regulations, and consumer behavior[138]. - Future growth is dependent on the rapid adoption of decentralized renewable energy, with market demand for battery energy storage systems being uncertain[148]. - The EV and battery energy storage market relies on government incentives, and any reduction or elimination of these benefits could adversely affect demand[150]. Product Development and Innovation - The company must continuously innovate and develop new products to keep pace with rapid technological changes in the market[151]. - The company incurred research and development costs of EUR 1.7 million, EUR 2.8 million, and EUR 9.0 million for the fiscal years ended December 31, 2022, 2023, and 2024 respectively, indicating a significant increase in investment for future product development[172]. Operational Risks - The company faces risks related to lithium-ion battery safety, including potential fires and adverse publicity that could impact business prospects[142]. - Expansion into battery energy storage systems introduces asset, operational, and financing risks that may affect revenue and earnings[143]. - Changes in energy storage standards or the success of alternative technologies could negatively impact demand for the company's products and services[144]. - The company faces risks related to defects in its High-Power-Charger and battery storage systems, which could lead to product liability claims and adversely affect its business and reputation[168]. - The complexity of the company's software platform, developed over a decade, may lead to undetected defects or errors that could impact market adoption and customer satisfaction[169]. Customer Relationships and Sales Strategy - The company is substantially dependent on its direct sales force for customer acquisition and plans to expand this force, but faces challenges in recruiting and training sufficient personnel[176]. - The company anticipates fluctuations in financial results due to concentrated customer relationships, which could lead to significant risks if major customers reduce or cancel orders[183]. - In 2024, the company aims to diversify its customer base, with a goal of having four customers each accounting for about 10% of total revenue, as opposed to previous concentrations where two major customers accounted for approximately 55% of revenue[178]. Financial Reporting and Internal Controls - The company has identified material weaknesses in its internal control over financial reporting, which could impair compliance with financial reporting requirements for publicly traded companies[190]. - Management is responsible for maintaining adequate internal control over financial reporting, with several material weaknesses identified in disclosure and internal controls[192]. - A remediation plan is in place to improve internal control over financial reporting, including hiring additional staff and engaging external accounting experts[193]. - Even after remediation, management does not expect internal controls to prevent all errors and fraud, providing only reasonable assurance[196]. - Failure to comply with Section 404(a) of the Sarbanes-Oxley Act could harm the company's ability to produce timely and accurate financial statements[197]. - EUSG restated its previously issued financial statements due to improper valuation of Public Shares, indicating a material weakness in internal control[200]. Legal and Compliance Risks - The company faces potential litigation or disputes arising from restatements and material weaknesses in internal control over financial reporting[203]. - Being subject to U.S. reporting requirements incurs significant legal and accounting expenses, impacting operating results[211]. Shareholder and Equity Considerations - The concentration of ownership by two shareholders, who own approximately 59.8% of the outstanding Ordinary Shares, may influence corporate governance and strategic decisions[218]. - The Company may issue additional Ordinary Shares or equity securities without shareholder approval, potentially diluting existing ownership interests[223]. - The market price of the Ordinary Shares may decline if a significant number of shares are sold following the exercise of registration rights by certain shareholders[214]. - The Company does not intend to pay dividends on Ordinary Shares in the foreseeable future, and if dividends are declared, they may be subject to a 25% Irish dividend withholding tax[244]. Financing and Capital Structure - The Company issued a total of 1,716,667 May 2023 Financing Warrants, 1,500,000 August 2023 Financing Warrants, and 4,633,335 August 2024 Financing Warrants, with 143,333 of these warrants exercised as of the report date[214]. - The Company agreed to issue senior secured convertible notes totaling $53,763,441 and warrants to purchase up to 1,116,072 Ordinary Shares as part of the May 2025 Offering[215]. - The issuance of Ordinary Shares for the conversion of 2025 Convert Notes may lead to significant dilution for existing shareholders[265]. - The company received $15 million from the May 2025 Offering, with an additional $35 million contingent on achieving specific milestones[263]. Tax and Regulatory Risks - Future changes in U.S. and foreign tax laws could adversely affect the Company's financial performance and operations[230]. - The Company is subject to the Irish Takeover Rules, which regulate takeovers and ensure fairness among bidders[256]. Miscellaneous Risks - The company has granted a first priority security interest in substantially all of its assets, which could adversely affect its ability to operate[268]. - If the company fails to generate sufficient cash flow, it may need to seek alternative financing, potentially leading to bankruptcy or liquidation[269].

Core Viewpoint - ADS-TEC Energy PLC (ADSE) is identified as a promising momentum stock with a Momentum Style Score of A and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance in the near term [2][6]. Company Performance - Over the past week, ADSE shares have increased by 19.96%, significantly outperforming the Zacks Technology Services industry, which rose by only 0.45% during the same period [3]. - In a longer time frame, ADSE's monthly price change is 6.2%, compared to the industry's mere 0.1% [3]. - For the past quarter, ADSE shares have risen by 6.29%, and over the last year, they have surged by 94.83%, while the S&P 500 has only increased by 3.97% and 34.89%, respectively [4]. Trading Volume - The average 20-day trading volume for ADSE is 123,509 shares, which serves as a bullish indicator when combined with rising stock prices [4]. Earnings Outlook - In the last two months, one earnings estimate for ADSE has been revised upward, while none have been revised downward, leading to an increase in the consensus estimate from -$0.17 to -$0.07 [5]. - For the next fiscal year, one estimate has also moved upwards with no downward revisions noted [5].

Group 1 - ADS-TEC Energy PLC (ADSE) is a notable stock in the Business Services sector, currently holding a Zacks Rank of 2 (Buy) [2] - The Zacks Consensus Estimate for ADSE's full-year earnings has increased by 64.3% over the past three months, indicating a positive shift in analyst sentiment [2] - Year-to-date, ADS-TEC Energy PLC has achieved a return of approximately 52.7%, outperforming the average gain of 17% in the Business Services group [2] Group 2 - CRA International (CRAI) has also shown strong performance in the Business Services sector, with a year-to-date return of 69% [3] - The consensus EPS estimate for CRA International has risen by 12% over the past three months, and it currently holds a Zacks Rank of 1 (Strong Buy) [3] - ADS-TEC Energy PLC is part of the Technology Services industry, which has seen an average gain of 28.8% this year, further highlighting its strong performance [3] Group 3 - Investors are encouraged to monitor both ADS-TEC Energy PLC and CRA International for their potential to maintain solid performance in the Business Services sector [4]

Stock Performance and Technical Analysis - ADS-TEC Energy PLC (ADSE) has experienced a significant decline of 17.3% over the past four weeks, indicating strong selling pressure [1] - The stock is currently in oversold territory with an RSI reading of 26.13, suggesting a potential trend reversal as the selling pressure may be exhausting itself [3] - The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements, with a reading below 30 typically indicating an oversold condition [2] Fundamental Analysis and Earnings Estimates - Sell-side analysts covering ADSE have raised earnings estimates for the current year, leading to a 61.5% increase in the consensus EPS estimate over the last 30 days [4] - The upward trend in earnings estimate revisions often translates into price appreciation in the near term [4] - ADSE currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 stocks ranked based on earnings estimate revisions and EPS surprises, indicating a potential turnaround [4] Market Sentiment and Investment Opportunity - Wall Street analysts strongly agree that ADSE will report better earnings than previously predicted, supporting the case for a potential rebound [1] - The combination of technical indicators (oversold RSI) and fundamental improvements (earnings estimate revisions) suggests a favorable entry point for investors looking to benefit from a potential price rebound [2][3][4]

Group 1 - The profile is managed by Manika Premsingh, who leads the investing group Green Growth Giants and has over 20 years of experience in investment management, stock broking, and investment banking [1] - The article does not provide specific investment recommendations or advice, emphasizing that past performance is not indicative of future results [2] - The analysts contributing to the article may include both professional and individual investors, who may not be licensed or certified [2]