ADS-TEC Energy (NASDAQ:ADSE) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of ADS-TEC Energy (NASDAQ:ADSE) from a hold rating to a sell rating in a report published on Saturday morning.

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 Trading Up 9.1%

NASDAQ ADSE opened at $12.00 on Friday. The business’s 50-day moving average price is $12.28 and its two-hundred day moving average price is $13.76. ADS-TEC Energy has a 12 month low of $9.00 and a 12 month high of $16.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ADSE. Raymond James Financial Inc. acquired a new position in shares of ADS-TEC Energy in the 4th quarter valued at about $621,000. JPMorgan Chase & Co. lifted its stake in shares of ADS-TEC Energy by 132.6% in the 4th 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. Geode Capital Management LLC lifted its stake in shares of ADS-TEC Energy by 11.9% in the 4th 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 acquired a new position in shares of ADS-TEC Energy in the 4th quarter valued at about $313,000. Finally, Mirabella Financial Services LLP lifted its stake in shares of 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 purchasing an additional 10,385,428 shares during the period. 51.65% of the stock is owned by institutional investors and hedge funds.

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.