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Benzinga

Akanksha Bakshi

Raymond James Is Bullish On Ads-Tec Energy, Sees 63% Upside

Raymond James Europe NYSE United States

Raymond James analyst Pavel Molchanov initiated Ads-Tec Energy PLC (NYSE:ADSE) with a Strong Buy rating and a price target of $14, implying an upside of 63%.
The analyst noted Ads-Tec's ultra-fast hardware is specifically designed with grid stability in mind, making it the only pure-play on ultra-fast.
Molchanov added that U.S. expansion adds to strength in Europe, positioning 2022 as a breakout year for the company.
Price Action: ADSE shares closed lower by 1.38% at $8.58 on Tuesday.

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