ADS-TEC Energy (NASDAQ:ADSE) Upgraded at Wall Street Zen

Key Points

• ADS-TEC Energy was upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, reflecting a more favorable outlook on the company's stock.
• The company's shares rose by 13.3% on Friday, reaching $11.64, with significant trading volume surpassing the average.
• Institutional investors hold 51.65% of ADS-TEC Energy's stock, with notable increases in stakes from several hedge funds recently.

ADS-TEC Energy (NASDAQ:ADSE - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Friday.

ADS-TEC Energy Trading Up 13.3%

Shares of ADSE stock traded up $1.37 on Friday, reaching $11.64. 175,377 shares of the stock were exchanged, compared to its average volume of 91,411. The firm has a 50 day moving average of $11.07 and a two-hundred day moving average of $12.04. ADS-TEC Energy has a 1-year low of $7.89 and a 1-year high of $16.35.

Institutional Investors Weigh In On ADS-TEC Energy

Hedge funds have recently made changes to their positions in the business. Mirabella Financial Services LLP increased its stake in shares of ADS-TEC Energy by 7.0% during the second quarter. Mirabella Financial Services LLP now owns 16,480,469 shares of the company's stock valued at $227,352,000 after acquiring an additional 1,076,423 shares during the period. First Trust Advisors LP lifted its stake in shares of ADS-TEC Energy by 2.4% in the 2nd quarter. First Trust Advisors LP now owns 136,682 shares of the company's stock valued at $1,886,000 after purchasing an additional 3,183 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of ADS-TEC Energy by 1,420.5% in the 1st quarter. GAMMA Investing LLC now owns 67,875 shares of the company's stock valued at $1,018,000 after purchasing an additional 63,411 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of ADS-TEC Energy by 33.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company's stock valued at $173,000 after purchasing an additional 3,133 shares during the last quarter. Finally, Simplex Trading LLC bought a new position in ADS-TEC Energy in the 2nd quarter worth $83,000. Institutional investors own 51.65% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.