ADS-TEC Energy (NASDAQ:ADSE) Reaches New 12-Month High at $11.50

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $11.50 and last traded at $11.48, with a volume of 66293 shares traded. The stock had previously closed at $11.41.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm restated a “neutral” rating and set a $14.00 target price on shares of ADS-TEC Energy in a report on Wednesday, May 15th.

ADS-TEC Energy Stock Performance

The company has a 50-day moving average of $11.01 and a 200-day moving average of $9.53.

Institutional Trading of ADS-TEC Energy

A hedge fund recently raised its stake in ADS-TEC Energy stock. Raymond James & Associates increased its position in ADS-TEC Energy PLC (NASDAQ:ADSE) by 22.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 286,090 shares of the company’s stock after buying an additional 51,536 shares during the period. Raymond James & Associates owned about 0.58% of ADS-TEC Energy worth $2,046,000 as of its most recent SEC filing. Hedge funds and other 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.