ADS-TEC Energy (NASDAQ:ADSE) Upgraded to “Strong-Buy” at Roth Capital

Roth Capital upgraded shares of ADS-TEC Energy (NASDAQ:ADSE) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

ADS-TEC Energy Price Performance

Shares of NASDAQ 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 firm has a fifty day simple moving average of $15.03 and a 200 day simple moving average of $13.85.

Hedge Funds Weigh In On ADS-TEC Energy

Hedge funds have recently bought and sold shares of the company. Mirabella Financial Services LLP raised its stake in ADS-TEC Energy by 10.9% during the third quarter. Mirabella Financial Services LLP now owns 682,455 shares of the company’s stock worth $9,131,000 after buying an additional 67,043 shares during the last quarter. GAMMA Investing LLC bought a new position in ADS-TEC Energy during the fourth quarter worth $69,000. Geode Capital Management LLC raised its stake in ADS-TEC Energy by 15.0% during the third quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock worth $425,000 after buying an additional 4,154 shares during the last quarter. Bank of America Corp DE bought a new position in ADS-TEC Energy during the fourth quarter worth $53,000. Finally, Raymond James Financial Inc. acquired a new stake in ADS-TEC Energy in the fourth quarter worth $621,000. 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.