Invesco Ltd. Boosts Stake in SES AI Corporation $SES

Key Points

• Invesco Ltd. significantly increased its stake in SES AI Corporation by 1,537.2% during the first quarter, now owning 892,494 shares valued at approximately $465,000.
• Several institutional investors, including Wells Fargo and Price T Rowe Associates, have also raised their holdings in SES AI, indicating growing investor interest in the stock.
• SES AI reported a quarterly earnings miss, posting a loss of ($0.07) per share, below analysts' estimates, with a revenue of $3.53 million compared to expectations of $4.33 million.

Invesco Ltd. increased its position in SES AI Corporation (NYSE:SES - Free Report) by 1,537.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 892,494 shares of the company's stock after purchasing an additional 837,982 shares during the period. Invesco Ltd. owned 0.24% of SES AI worth $465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SES. Wells Fargo & Company MN lifted its holdings in shares of SES AI by 28.7% in the 4th quarter. Wells Fargo & Company MN now owns 76,147 shares of the company's stock valued at $167,000 after purchasing an additional 16,989 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of SES AI in the 4th quarter valued at about $55,000. Barclays PLC lifted its holdings in shares of SES AI by 14.5% in the 4th quarter. Barclays PLC now owns 196,719 shares of the company's stock valued at $431,000 after purchasing an additional 24,859 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of SES AI by 135.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 268,402 shares of the company's stock valued at $588,000 after purchasing an additional 154,206 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of SES AI by 2.1% in the 4th quarter. Northern Trust Corp now owns 1,130,744 shares of the company's stock valued at $2,476,000 after purchasing an additional 23,249 shares during the last quarter. 29.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on SES shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $2.00 target price on shares of SES AI in a report on Tuesday, June 24th. Wall Street Zen lowered SES AI from a "hold" rating to a "sell" rating in a report on Sunday, June 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, SES AI presently has a consensus rating of "Moderate Buy" and a consensus target price of $1.75.

SES AI Trading Up 3.3%

Shares of SES stock opened at $1.09 on Friday. The company has a market cap of $396.81 million, a price-to-earnings ratio of -3.50 and a beta of 0.40. The stock has a 50 day simple moving average of $1.08 and a 200-day simple moving average of $0.87. SES AI Corporation has a 12-month low of $0.20 and a 12-month high of $2.53.

SES AI (NYSE:SES - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.02). The firm had revenue of $3.53 million during the quarter, compared to analyst estimates of $4.33 million. SES AI has set its FY 2025 guidance at EPS. On average, equities analysts forecast that SES AI Corporation will post -0.23 earnings per share for the current fiscal year.

SES AI Company Profile

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.

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