H.C. Wainwright Sticks to Its Buy Rating for ADA-ES

By Carrie Williams

In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on ADA-ES (NASDAQ: ADES), with a price target of $18. The company’s shares closed yesterday at $10.67.

According to TipRanks.com, Dayal is a 1-star analyst with an average return of -0.7% and a 41.5% success rate. Dayal covers the Consumer Goods sector, focusing on stocks such as Superconductor Technologies Inc, Yield10 Bioscience Inc, and Pointer Telocation Ltd.

ADA-ES has an analyst consensus of Moderate Buy, with a price target consensus of $18.

Based on ADA-ES’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $544K and quarterly net profit of $6.96 million. In comparison, last year the company earned revenue of $3.63 million and had a net profit of $74.95 million.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ADES in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 and Tinuum services.