Roth Capital Upgrades ADS-TEC Energy (NASDAQ:ADSE) to Strong-Buy

ADS-TEC Energy (NASDAQ:ADSE) was upgraded by equities researchers at Roth Capital from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

ADS-TEC Energy Stock Performance

ADSE opened at $14.92 on Wednesday. ADS-TEC Energy has a twelve month low of $8.41 and a twelve month high of $16.35. The company has a 50-day moving average price of $15.03 and a 200 day moving average price of $13.85.

Institutional Trading of ADS-TEC Energy

Several large investors have recently bought and sold shares of the business. Mirabella Financial Services LLP grew its stake in ADS-TEC Energy by 1,521.8% during the 4th quarter. Mirabella Financial Services LLP now owns 11,067,883 shares of the company’s stock valued at $171,663,000 after acquiring an additional 10,385,428 shares in the last quarter. Robert Bosch GmbH purchased a new stake in ADS-TEC Energy during the 4th quarter valued at about $162,273,000. Raymond James Financial Inc. purchased a new stake in ADS-TEC Energy during the 4th quarter valued at about $621,000. Geode Capital Management LLC grew its stake in ADS-TEC Energy by 11.9% during the 4th quarter. Geode Capital Management LLC now owns 35,572 shares of the company’s stock valued at $552,000 after acquiring an additional 3,771 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in ADS-TEC Energy during the 4th quarter valued at about $313,000. Hedge funds and other institutional investors own 51.65% of the company’s stock.

About ADS-TEC Energy

ADS-TEC Energy PLC provide intelligent and decentralized energy storage systems in Europe and North America. Its portfolio of ecosystem platforms provides DC-based ultra-fast chargers for EVs on power limited grids, energy storage and management solutions for commercial and industrial applications, and energy storage and management solutions for residential sector coupling applications.