DA Davidson Cuts ADS-TEC Energy (NASDAQ:ADSE) Price Target to $12.00

ADS-TEC Energy (NASDAQ:ADSE – Get Rating) had its price target trimmed by DA Davidson from $15.00 to $12.00 in a report published on Tuesday, The Fly reports. The firm currently has a buy rating on the stock.

Separately, Berenberg Bank began coverage on shares of ADS-TEC Energy in a research note on Tuesday, May 31st. They issued a buy rating and a $10.00 price target for the company.

Shares of NASDAQ ADSE opened at $4.97 on Tuesday. The stock has a fifty day moving average of $6.32. ADS-TEC Energy has a 12 month low of $4.60 and a 12 month high of $10.88.

A number of hedge funds have recently made changes to their positions in ADSE. Invesco Ltd. purchased a new stake in ADS-TEC Energy during the 1st quarter valued at about $20,719,000. Raymond James & Associates boosted its holdings in shares of ADS-TEC Energy by 441.3% during the 1st quarter. Raymond James & Associates now owns 288,497 shares of the company’s stock valued at $2,487,000 after acquiring an additional 235,201 shares during the last quarter. Exane Derivatives purchased a new stake in shares of ADS-TEC Energy during the 4th quarter valued at about $447,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of ADS-TEC Energy during the 1st quarter valued at about $354,000. Finally, Kepos Capital LP purchased a new stake in shares of ADS-TEC Energy during the 4th quarter valued at about $310,000.

ADS-TEC Energy Company Profile (Get Rating)

ADS-TEC Energy PLC, a B2B technology company, develops, manufactures, and services intelligent battery buffered energy systems. The company supplies integrated technology platforms that enable customers to run their electric vehicle (EV) charging and energy business models in decentralized platforms.

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