Tritium DCFC (DCFC) Set to Announce Earnings on Thursday

Tritium DCFC (NASDAQ:DCFC) is scheduled to issue its quarterly earnings data before the market opens on Thursday, September 21st. Analysts expect the company to announce earnings of ($0.17) per share for the quarter.

Tritium DCFC Stock Up 0.6 %

NASDAQ DCFC opened at $0.58 on Tuesday. Tritium DCFC has a one year low of $0.57 and a one year high of $5.69. The company has a 50-day simple moving average of $1.05 and a 200-day simple moving average of $1.11.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DCFC. Wells Fargo & Company MN lifted its stake in shares of Tritium DCFC by 34.9% in the 2nd quarter. Wells Fargo & Company MN now owns 58,000 shares of the company’s stock worth $63,000 after acquiring an additional 15,000 shares during the period. XTX Topco Ltd bought a new stake in Tritium DCFC during the second quarter worth approximately $36,000. Renaissance Technologies LLC acquired a new stake in Tritium DCFC in the second quarter worth approximately $501,000. Geode Capital Management LLC boosted its stake in Tritium DCFC by 46.8% during the 2nd quarter. Geode Capital Management LLC now owns 148,380 shares of the company’s stock valued at $162,000 after purchasing an additional 47,300 shares in the last quarter. Finally, Toroso Investments LLC increased its position in shares of Tritium DCFC by 411.4% during the 1st quarter. Toroso Investments LLC now owns 51,401 shares of the company’s stock valued at $66,000 after purchasing an additional 41,350 shares during the period. Institutional investors and hedge funds own 37.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley restated a “buy” rating on shares of Tritium DCFC in a research note on Thursday, July 20th.

About Tritium DCFC

Tritium DCFC Limited designs, manufactures, and supplies direct current chargers for electric vehicles in the United States, North America, Europe, and the Asia Pacific. The company's charging station hardware portfolio includes various standalone chargers, such as 50, 75, 150, 175, and 350-kilowatt chargers.