FY2025 EPS Estimates for SES AI Lowered by Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has lowered its FY2025 EPS estimate for SES AI Corporation to ($0.09), down from a previous forecast of ($0.07), while maintaining an "Overweight" rating and a price target of $2.00.
• SES AI reported quarterly earnings of ($0.07) per share, missing analysts' expectations by ($0.02), with revenue of $3.53 million, below the anticipated $4.33 million.
• Wall Street Zen has downgraded SES AI's shares from a "hold" to a "sell" rating, indicating a negative outlook for the stock following the latest earnings report.

SES AI Corporation (NYSE:SES - Free Report) - Equities research analysts at Cantor Fitzgerald lowered their FY2025 earnings estimates for shares of SES AI in a report released on Wednesday, August 6th. Cantor Fitzgerald analyst D. Soderberg now anticipates that the company will post earnings per share of ($0.09) for the year, down from their prior estimate of ($0.07). Cantor Fitzgerald currently has a "Overweight" rating and a $2.00 target price on the stock. The consensus estimate for SES AI's current full-year earnings is ($0.23) per share.

SES AI (NYSE:SES - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.02). The business had revenue of $3.53 million for the quarter, compared to analysts' expectations of $4.33 million.

Separately, Wall Street Zen lowered SES AI from a "hold" rating to a "sell" rating in a research note on Sunday, June 8th.

SES AI Price Performance

Shares of NYSE SES traded down $0.02 during mid-day trading on Friday, hitting $1.09. 2,727,357 shares of the stock traded hands, compared to its average volume of 18,997,701. The company has a market cap of $398.03 million, a PE ratio of -3.50 and a beta of 0.42. SES AI has a twelve month low of $0.20 and a twelve month high of $2.53. The firm has a 50 day simple moving average of $1.02 and a two-hundred day simple moving average of $0.87.

Hedge Funds Weigh In On SES AI

A number of hedge funds have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in SES AI in the first quarter valued at $1,064,000. AQR Capital Management LLC increased its stake in shares of SES AI by 2,314.7% in the first quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company's stock valued at $593,000 after buying an additional 1,090,875 shares during the period. Invesco Ltd. lifted its stake in shares of SES AI by 1,537.2% in the first quarter. Invesco Ltd. now owns 892,494 shares of the company's stock worth $465,000 after acquiring an additional 837,982 shares during the period. HITE Hedge Asset Management LLC acquired a new position in shares of SES AI in the first quarter worth approximately $339,000. Finally, Franklin Resources Inc. bought a new stake in SES AI in the second quarter valued at approximately $543,000. Institutional investors and hedge funds own 29.78% of the company's stock.

About SES AI

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.