SES AI (NYSE:SES) Releases Earnings Results, Misses Expectations By $0.02 EPS

Key Points

• SES AI missed earnings estimates, reporting an EPS of ($0.07) compared to the consensus estimate of ($0.06).
• Despite the earnings miss, SES AI stock rose by 13.6% during mid-day trading, reaching $1.38.
• AQR Capital Management significantly increased its stake in SES AI by 2,314.7% in the first quarter, now owning about 0.31% of the company.

SES AI (NYSE:SES - Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02), Zacks reports. The firm had revenue of $3.53 million during the quarter, compared to analyst estimates of $4.33 million. SES AI updated its FY 2025 guidance to EPS.

SES AI Stock Up 0.4%

Shares of NYSE:SES traded up $0.01 during midday trading on Friday, reaching $1.15. 3,291,954 shares of the company were exchanged, compared to its average volume of 19,195,236. SES AI has a fifty-two week low of $0.20 and a fifty-two week high of $2.53. The firm has a market cap of $420.04 million, a PE ratio of -3.69 and a beta of 0.42. The stock has a fifty day simple moving average of $1.01 and a two-hundred day simple moving average of $0.87.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SES. Wall Street Zen downgraded shares of SES AI from a "hold" rating to a "sell" rating in a report on Sunday, June 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $2.00 target price on shares of SES AI in a research report on Tuesday, June 24th.

Institutional Investors Weigh In On SES AI

A hedge fund recently raised its stake in SES AI stock. AQR Capital Management LLC lifted its stake in shares of SES AI Corporation (NYSE:SES - Free Report) by 2,314.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,138,003 shares of the company's stock after acquiring an additional 1,090,875 shares during the quarter. AQR Capital Management LLC owned approximately 0.31% of SES AI worth $593,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 29.78% of the company's stock.

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.