ADS-TEC Energy (NASDAQ:ADSE) Trading Up 4.8% – Still a Buy?

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price shot up 4.8% during mid-day trading on Tuesday . The company traded as high as $12.16 and last traded at $12.07. 8,107 shares changed hands during trading, a decline of 92% from the average session volume of 99,229 shares. The stock had previously closed at $11.51.

Wall Street Analyst Weigh In

Separately, Roth Capital upgraded shares of ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th.

ADS-TEC Energy Price Performance

The firm has a 50-day moving average of $14.57 and a 200 day moving average of $14.23.

Institutional Investors Weigh In On ADS-TEC Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mirabella Financial Services LLP grew its position 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 valued at $171,663,000 after buying an additional 10,385,428 shares in the last quarter. Robert Bosch GmbH acquired a new stake in shares of ADS-TEC Energy in the 4th quarter worth approximately $162,273,000. GAMMA Investing LLC boosted its holdings in shares of ADS-TEC Energy by 1,420.5% in the first quarter. GAMMA Investing LLC now owns 67,875 shares of the company’s stock valued at $1,018,000 after acquiring an additional 63,411 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of ADS-TEC Energy during the fourth quarter valued at approximately $621,000. Finally, Geode Capital Management LLC raised its holdings in ADS-TEC Energy by 11.9% during the fourth quarter. Geode Capital Management LLC now owns 35,572 shares of the company’s stock worth $552,000 after purchasing an additional 3,771 shares in the last quarter. 51.65% of the stock is currently owned by institutional investors.

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.