ADS-TEC Energy PLC (NASDAQ:ADSE) Stock Holdings Lowered by DnB Asset Management AS

DnB Asset Management AS trimmed its holdings in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) by 18.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 163,390 shares of the company’s stock after selling 36,677 shares during the period. DnB Asset Management AS owned about 0.32% of ADS-TEC Energy worth $2,539,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of ADS-TEC Energy by 132.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company’s stock worth $32,000 after acquiring an additional 1,185 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of ADS-TEC Energy during the fourth quarter valued at $69,000. Geode Capital Management LLC boosted its position in shares of 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 purchasing an additional 4,154 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in ADS-TEC Energy in the 4th quarter worth about $621,000. Institutional investors and hedge funds own 51.65% of the company’s stock.

ADS-TEC Energy Price Performance

Shares of NASDAQ:ADSE opened at $14.25 on Wednesday. The company’s fifty day moving average is $14.79 and its two-hundred day moving average is $14.19. ADS-TEC Energy PLC has a 12-month low of $9.92 and a 12-month high of $16.35.

Wall Street Analysts Forecast Growth

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

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.