ADS-TEC Energy PLC $ADSE is Mirabella Financial Services LLP’s Largest Position

Mirabella Financial Services LLP increased its position in ADS-TEC Energy PLC (NASDAQ:ADSE) by 7.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 16,480,469 shares of the company’s stock after buying an additional 1,076,423 shares during the quarter. ADS-TEC Energy makes up about 23.5% of Mirabella Financial Services LLP’s holdings, making the stock its largest holding. Mirabella Financial Services LLP owned 0.31% of ADS-TEC Energy worth $227,352,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP increased its holdings in shares of ADS-TEC Energy by 2.4% in the second quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock worth $1,886,000 after purchasing an additional 3,183 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in ADS-TEC Energy by 33.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock valued at $173,000 after acquiring an additional 3,133 shares during the period. Simplex Trading LLC purchased a new position in ADS-TEC Energy in the 2nd quarter worth about $83,000. Finally, Bank of America Corp DE bought a new stake in shares of ADS-TEC Energy in the fourth quarter valued at about $53,000. Institutional investors own 51.65% of the company’s stock.

ADS-TEC Energy Stock Down 3.5%

ADSE stock opened at $12.02 on Friday. The company has a 50-day simple moving average of $10.88 and a 200 day simple moving average of $11.22. ADS-TEC Energy PLC has a fifty-two week low of $7.89 and a fifty-two week high of $16.35.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded ADS-TEC Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of ADS-TEC Energy in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.