ADS-TEC Energy (NASDAQ:ADSE) Trading 5.3% Higher – Time to Buy?

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price shot up 5.3% during trading on Friday . The company traded as high as $12.75 and last traded at $12.72. 15,441 shares traded hands during trading, a decline of 85% from the average session volume of 103,223 shares. The stock had previously closed at $12.08.

Analyst Upgrades and Downgrades

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

ADS-TEC Energy Stock Performance

The stock has a 50-day moving average of $13.24 and a 200 day moving average of $14.10.

Institutional Investors Weigh In On ADS-TEC Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in ADS-TEC Energy by 132.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company’s stock valued at $32,000 after purchasing an additional 1,185 shares during the period. Bank of America Corp DE purchased a new stake in ADS-TEC Energy in the fourth quarter valued at $53,000. Geode Capital Management LLC raised its position in ADS-TEC Energy by 11.9% in the fourth quarter. Geode Capital Management LLC now owns 35,572 shares of the company’s stock valued at $552,000 after purchasing an additional 3,771 shares during the period. Renaissance Technologies LLC purchased a new stake in ADS-TEC Energy in the fourth quarter valued at $313,000. Finally, Raymond James Financial Inc. purchased a new stake in ADS-TEC Energy in the fourth quarter valued at $621,000. 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.