ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $12.99, but opened at $12.44. ADS-TEC Energy shares last traded at $12.71, with a volume of 986 shares trading hands.
Analysts Set New Price Targets
Separately, Roth Capital raised ADS-TEC Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 19th.
Get Our Latest Research Report on ADS-TEC Energy
ADS-TEC Energy Trading Down 12.6%
The stock's 50-day moving average is $12.94 and its two-hundred day moving average is $14.01.
Institutional Trading of ADS-TEC Energy
Several large investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings 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 acquiring an additional 1,185 shares during the period. Bank of America Corp DE purchased a new position in shares of ADS-TEC Energy in the fourth quarter worth approximately $53,000. Renaissance Technologies LLC bought a new stake in ADS-TEC Energy during the fourth quarter valued at approximately $313,000. Geode Capital Management LLC grew its position 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 valued at $552,000 after buying an additional 3,771 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in ADS-TEC Energy during the fourth quarter valued at approximately $621,000. Institutional investors own 51.65% of the company's stock.
About ADS-TEC Energy
(
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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.
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