ADS-TEC Energy (NASDAQ:ADSE) Stock Rating Upgraded by Roth Capital

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

ADS-TEC Energy Stock Down 1.6 %

Shares of NASDAQ ADSE opened at $14.92 on Wednesday. The stock’s fifty day simple moving average is $15.03 and its two-hundred day simple moving average is $13.85. ADS-TEC Energy has a 12-month low of $8.41 and a 12-month high of $16.35.

Hedge Funds Weigh In On ADS-TEC Energy

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of ADS-TEC Energy by 132.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company’s stock valued at $32,000 after buying an additional 1,185 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of ADS-TEC Energy during the 4th quarter valued at about $53,000. GAMMA Investing LLC acquired a new stake in shares of ADS-TEC Energy during the 4th quarter valued at about $69,000. Renaissance Technologies LLC acquired a new stake in shares of ADS-TEC Energy during the 4th quarter valued at about $313,000. Finally, Geode Capital Management LLC grew 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 valued at $425,000 after acquiring an additional 4,154 shares during the period. 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.