H.C. Wainwright analyst Amit Dayal maintained a Buy rating on ADA-ES (ADES) today and set a price target of $18. The company’s shares closed yesterday at $10.44.
According to TipRanks.com, Dayal has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.6% and a 35.7% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Capstone Turbine Corp, and UQM Technologies Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ADA-ES with a $18 average price target.
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Based on ADA-ES’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $5.49 million. In comparison, last year the company had a net profit of $5.76 million.
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Advanced Emissions Solutions, Inc. is a holding company, which engages in the provision of environmental and emission control equipment to power generation industry. It operates through the Refined Coal and Emissions Control segments. The Refined Coal segment includes Tinuum Group, Tinuum Services, and GWN Manager.
