ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Up – Still a Buy?

ADS-TEC Energy PLC (NASDAQ:ADSE) shares gapped up prior to trading on Wednesday . The stock had previously closed at $14.25, but opened at $14.55. ADS-TEC Energy shares last traded at $14.31, with a volume of 2,884 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Roth Capital upgraded shares of ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 19th.

ADS-TEC Energy Trading Down 1.2 %

The firm’s fifty day simple moving average is $14.79 and its 200-day simple moving average is $14.19.

Institutional Investors Weigh In On ADS-TEC Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in ADS-TEC Energy by 132.6% during 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 in the last quarter. Bank of America Corp DE purchased a new stake in shares of ADS-TEC Energy in the fourth quarter valued at about $53,000. GAMMA Investing LLC purchased a new position in ADS-TEC Energy during the fourth quarter worth about $69,000. Renaissance Technologies LLC bought a new stake in ADS-TEC Energy in the 4th quarter worth about $313,000. Finally, Geode Capital Management LLC increased its stake in ADS-TEC Energy by 15.0% in the 3rd quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock valued at $425,000 after buying an additional 4,154 shares during the last quarter. Institutional investors own 51.65% of the company’s stock.

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.