ADS-TEC Energy (NASDAQ:ADSE) Stock Rating Reaffirmed by Roth Mkm

ADS-TEC Energy (NASDAQ:ADSE)‘s stock had its “neutral” rating reiterated by Roth Mkm in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $14.00 price target on the stock. Roth Mkm’s price objective would suggest a potential upside of 27.39% from the company’s previous close.

ADS-TEC Energy Price Performance

ADS-TEC Energy stock opened at $10.99 on Wednesday. The company’s 50 day simple moving average is $10.66 and its 200-day simple moving average is $8.60. ADS-TEC Energy has a 1 year low of $4.04 and a 1 year high of $11.48.

Institutional Investors Weigh In On ADS-TEC Energy

A hedge fund recently raised its stake in ADS-TEC Energy stock. Raymond James & Associates raised its position in ADS-TEC Energy PLC (NASDAQ:ADSE) by 22.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,090 shares of the company’s stock after acquiring an additional 51,536 shares during the quarter. Raymond James & Associates owned approximately 0.58% of ADS-TEC Energy worth $2,046,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.