ADS-TEC Energy (NASDAQ:ADSE) Upgraded by Zacks Investment Research to Hold

ADS-TEC Energy (NASDAQ:ADSEGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “ADS-TEC Energy GmbH provides battery-buffered ultrafast charging technology. ADS-TEC Energy GmbH, formerly known as European Sustainable Growth Acquisition Corp., is based in NEW YORK. “

Separately, Raymond James started coverage on shares of ADS-TEC Energy in a research note on Tuesday, January 18th. They issued a “strong-buy” rating and a $14.00 price target on the stock.

Shares of NASDAQ:ADSE traded down $0.03 during midday trading on Wednesday, reaching $5.75. 216 shares of the company were exchanged, compared to its average volume of 24,843. ADS-TEC Energy has a fifty-two week low of $5.53 and a fifty-two week high of $10.88. The stock’s fifty day moving average price is $7.24.

A number of hedge funds have recently modified their holdings of the business. Invesco Ltd. acquired a new stake in ADS-TEC Energy in the 1st quarter valued at $20,719,000. Northern Trust Corp increased its stake in shares of ADS-TEC Energy by 60.0% during the 1st quarter. Northern Trust Corp now owns 32,000 shares of the company’s stock worth $276,000 after purchasing an additional 12,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of ADS-TEC Energy during the 1st quarter worth about $354,000. Raymond James & Associates increased its stake in shares of ADS-TEC Energy by 441.3% during the 1st quarter. Raymond James & Associates now owns 288,497 shares of the company’s stock worth $2,487,000 after purchasing an additional 235,201 shares during the last quarter. Finally, Ulland Investment Advisors LLC acquired a new position in shares of ADS-TEC Energy during the 4th quarter worth about $37,000.

About ADS-TEC Energy (Get Rating)

ADS-TEC Energy PLC, a B2B technology company, develops, manufactures, and services intelligent battery buffered energy systems. The company offers ChargeBox, a battery storage system that integrates inverter, climate control, energy management, security/firewall, and communication units; and ChargeTrailer, a mobile high power charging system in the form of a truck trailer.

Further Reading

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