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

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

ADS-TEC Energy Trading Down 1.6 %

Shares of ADSE opened at $14.92 on Wednesday. ADS-TEC Energy has a one year low of $8.41 and a one year high of $16.35. The company’s fifty day moving average price is $15.03 and its 200 day moving average price is $13.85.

Institutional Inflows and Outflows

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

ADS-TEC Energy Company Profile

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.