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

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

ADS-TEC Energy Price Performance

ADS-TEC Energy stock opened at $14.92 on Wednesday. The firm has a 50 day simple moving average of $15.03 and a 200-day simple moving average of $13.85. ADS-TEC Energy has a 1-year low of $8.41 and a 1-year high of $16.35.

Institutional Trading of ADS-TEC Energy

Hedge funds have recently made changes to their positions in the company. 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. GAMMA Investing LLC purchased a new position in shares of ADS-TEC Energy during the 4th quarter worth approximately $69,000. Geode Capital Management LLC boosted its position in shares of ADS-TEC Energy by 15.0% during the 3rd quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock worth $425,000 after purchasing an additional 4,154 shares during the period. Bank of America Corp DE purchased a new position in shares of ADS-TEC Energy during the 4th quarter worth approximately $53,000. Finally, Raymond James Financial Inc. purchased a new position in shares of ADS-TEC Energy during the 4th quarter worth approximately $621,000. 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.