SES AI reported a Q2 EPS of -$0.09, missing expectations, causing shares to drop to $0.45.
SES AI, a developer of high-performance lithium-metal rechargeable batteries, reported a Q2 earnings per share (EPS) of -$0.09, missing expectations of -$0.05. Following the announcement, shares fell to $0.45. Analysts from Deutsche Bank and Wolfe Research issued ratings of "hold" and "underperform," respectively, with target prices of $1.50 and $1.00. In recent months, insiders sold over 3 million shares valued at approximately $2.45 million.
November 03, 2024
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