Shares of ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) shot up 7.7% during mid-day trading on Friday . The company traded as high as $11.26 and last traded at $11.37. 56,697 shares were traded during trading, a decline of 48% from the average session volume of 108,413 shares. The stock had previously closed at $10.56.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered ADS-TEC Energy from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th.
Read Our Latest Stock Report on ADS-TEC Energy
ADS-TEC Energy Trading Down 1.1%
The business's 50-day moving average is $11.88 and its two-hundred day moving average is $13.40.
Institutional Investors Weigh In On ADS-TEC Energy
Several large investors have recently made changes to their positions in ADSE. JPMorgan Chase & Co. boosted its holdings in ADS-TEC Energy by 132.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company's stock worth $32,000 after buying an additional 1,185 shares in the last quarter. Bank of America Corp DE bought a new position in shares of ADS-TEC Energy during the 4th quarter valued at $53,000. Renaissance Technologies LLC bought a new position in shares of ADS-TEC Energy during the 4th quarter valued at $313,000. Geode Capital Management LLC raised its holdings in shares of ADS-TEC Energy by 11.9% during 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 in the last quarter. Finally, Raymond James Financial Inc. bought a new position in ADS-TEC Energy in the 4th quarter worth $621,000. Institutional investors and hedge funds own 51.65% of the company's stock.
ADS-TEC Energy Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider ADS-TEC Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ADS-TEC Energy wasn't on the list.
While ADS-TEC Energy currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access