Tritium DCFC Limited (NASDAQ:DCFC – Get Rating) – Analysts at B. Riley issued their Q1 2023 EPS estimates for shares of Tritium DCFC in a research note issued to investors on Monday, November 7th. B. Riley analyst C. Souther expects that the company will post earnings of ($0.12) per share for the quarter. The consensus estimate for Tritium DCFC’s current full-year earnings is ($0.58) per share. B. Riley also issued estimates for Tritium DCFC’s Q2 2023 earnings at ($0.10) EPS, FY2023 earnings at ($0.49) EPS, Q1 2024 earnings at ($0.06) EPS, Q2 2024 earnings at ($0.02) EPS and FY2024 earnings at $0.00 EPS.
A number of other research analysts have also weighed in on the stock. Credit Suisse Group started coverage on shares of Tritium DCFC in a research report on Wednesday, September 7th. They set a “neutral” rating and a $8.00 target price for the company. Roth Capital lowered shares of Tritium DCFC from a “buy” rating to a “neutral” rating and cut their price objective for the company from $18.00 to $4.00 in a research report on Friday, September 23rd. DA Davidson cut their price objective on shares of Tritium DCFC from $14.00 to $12.00 in a research report on Tuesday, September 27th. Finally, Raymond James cut their price objective on shares of Tritium DCFC from $9.00 to $7.00 and set an “outperform” rating for the company in a research report on Thursday, October 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $9.50.
Tritium DCFC Price Performance
Institutional Trading of Tritium DCFC
Several large investors have recently added to or reduced their stakes in the company. Prelude Capital Management LLC lifted its position in shares of Tritium DCFC by 61.0% during the second quarter. Prelude Capital Management LLC now owns 63,832 shares of the company’s stock worth $389,000 after purchasing an additional 24,181 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Tritium DCFC by 19.5% in the second quarter. Goldman Sachs Group Inc. now owns 45,419 shares of the company’s stock valued at $277,000 after buying an additional 7,419 shares during the period. Clear Sky Advisers LLC lifted its holdings in Tritium DCFC by 614.3% in the second quarter. Clear Sky Advisers LLC now owns 150,000 shares of the company’s stock valued at $914,000 after buying an additional 129,000 shares during the period. Millennium Management LLC acquired a new position in Tritium DCFC in the second quarter valued at approximately $111,000. Finally, JPMorgan Chase & Co. lifted its holdings in Tritium DCFC by 57.5% in the second quarter. JPMorgan Chase & Co. now owns 29,679 shares of the company’s stock valued at $181,000 after buying an additional 10,841 shares during the period. 21.56% of the stock is owned by institutional investors.
Tritium DCFC Company Profile
Tritium DCFC Limited designs, manufactures, and supplies direct current chargers for electric vehicles in the United States, North America, Europe, the Middle East, and the Asia Pacific. The company's charging station hardware portfolio includes various standalone chargers, such as 50, 75, 175, and 350-kilowatt chargers.
- Get a free copy of the StockNews.com research report on Tritium DCFC (DCFC)
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