Berenberg Assumes ADS-TEC Energy PLC (ADSE) at Buy

Berenberg analyst Jared Maymon assumes coverage on ADS-TEC Energy PLC (NASDAQ: ADSE) with a Buy rating and a price target of $11.00.

The analyst comments "Jared Maymon assumes coverage of ADS-TEC Energy PLC (ADSE) with a Buy rating and $11 price target, implying 38% upside. ADS-TEC is a white-label EV charger manufacturer enabling 300+ kW charging without the need for upgrades to grid infrastructure (a meaningful bottleneck to EV adoption, in our view). With its battery-buffered charging solutions, the company can provide up to 320 kW of charging power at a 110 kW (or lower) draw from the grid. We expect ADS-TEC to meet FY22 revenue guidance (€80m-100m) with the help of a recent increase in order volume of €176m+."

For an analyst ratings summary and ratings history on ADS-TEC Energy PLC click here. For more ratings news on ADS-TEC Energy PLC click here.

Shares of ADS-TEC Energy PLC closed at $7.57 yesterday.

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