ADS-TEC Energy (NASDAQ:ADSE - Get Free Report) was upgraded by analysts at Roth Capital from a "hold" rating to a "strong-buy" rating in a note issued to investors on Wednesday, February 19th,Zacks.com reports.
ADS-TEC Energy Stock Performance
Shares of NASDAQ:ADSE traded down $0.14 during mid-day trading on Wednesday, hitting $14.78. The company had a trading volume of 75,158 shares, compared to its average volume of 170,412. ADS-TEC Energy has a one year low of $8.41 and a one year high of $16.35. The firm has a fifty day moving average price of $15.06 and a 200 day moving average price of $13.90.
Hedge Funds Weigh In On ADS-TEC Energy
Several institutional investors have recently made changes to their positions in the stock. Mirabella Financial Services LLP grew its stake in shares of ADS-TEC Energy by 10.9% in the 3rd quarter. Mirabella Financial Services LLP now owns 682,455 shares of the company's stock valued at $9,131,000 after buying an additional 67,043 shares during the period. Geode Capital Management LLC grew its stake in ADS-TEC Energy by 15.0% in the third quarter. Geode Capital Management LLC now owns 31,801 shares of the company's stock valued at $425,000 after acquiring an additional 4,154 shares during the period. GAMMA Investing LLC bought a new stake in shares of ADS-TEC Energy during the fourth quarter valued at approximately $69,000. Raymond James Financial Inc. bought a new stake in shares of ADS-TEC Energy during the fourth quarter valued at approximately $621,000. Finally, JPMorgan Chase & Co. raised its position in shares of ADS-TEC Energy by 132.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company's stock worth $32,000 after purchasing an additional 1,185 shares during the period. Institutional investors and hedge funds own 51.65% of the company's stock.
ADS-TEC Energy Company Profile
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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.
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