ADA-ES Wins Lawsuit Against CCC, 2Q Estimates Come Down

ADA-ES, Inc. ADES was awarded a $12M lawsuit against Calgon Carbon Corporation CCC which is a one time, positive event, but according to accounting treatment from the Refined Coal Facilities sales, Pritchard is changing its EPS expectation from a gain of $0.15 to a loss of $0.22 for 2Q. Pritchard maintains its "neutral" rating and price target of $8.50. ADA-ES, Inc. closed yesterday at $6.15.