ADS-TEC Energy (NASDAQ:ADSE) Upgraded to Sell at Wall Street Zen

Wall Street Zen upgraded shares of ADS-TEC Energy (NASDAQ:ADSE) to a sell rating in a research note published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ADS-TEC Energy in a report on Friday, July 31st. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

ADS-TEC Energy Stock Up 1.6%

Shares of ADSE opened at $9.70 on Friday. The stock’s 50 day moving average is $10.86 and its two-hundred day moving average is $11.43. ADS-TEC Energy has a twelve month low of $8.78 and a twelve month high of $13.50.

ADS-TEC Energy (NASDAQ:ADSE) last posted its quarterly earnings results on Wednesday, September 30th. The company reported ($0.37) earnings per share for the quarter. The company had revenue of $4.20 million during the quarter.

ADS-TEC Energy Company Profile

ADS-TEC Energy plc (NASDAQ: ADSE) develops battery-based energy storage and fast-charging technology for electric vehicles. Its systems are designed to enable high-power charging at locations where the local electrical grid may not have sufficient capacity for a traditional charging installation.

The company’s product portfolio includes the ChargePost and ChargeBox platforms, which combine battery storage, power electronics and charging equipment. These systems can store electricity and deliver it rapidly to electric vehicles, helping reduce the need for costly grid upgrades.