| Over a month ago | ||||
ADS-TEC Energy announced… ADS-TEC Energy announced that GenZ EV Solutions has been designated distributor of its electric vehicle charging solutions to the automotive market in North America and South America. GenZ EV, a new company founded by automotive industry veterans with deep expertise, will be distributing ADS-TEC Energy charging technology to automotive OEMs, automotive dealerships and automotive fleet companies. There are over 18,000 automotive dealers in the U.S. alone, representing a multi-billion dollar market opportunity. | ||||
| Over a quarter ago | ||||
Raymond James analyst… Raymond James analyst Pavel Molchanov initiated coverage of Tritium (DCFC) with an Outperform rating and $10 price target. As with all clean tech hardware, some commoditization is inevitable, but the ramp-up of the company's service and software offerings should give the margin profile a boost, Molchanov tells investors in a research note. Molchanov believes ADS-TEC Energy (ADSE), Tritium's closest competitor, offers an even better entry point. | ||||
Raymond James analyst… Raymond James analyst Pavel Molchanov initiated coverage of Ads-Tec Energy with a Strong Buy rating and $14 price target. The analyst said that 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. | |
Raymond James analyst… Raymond James analyst Pavel Molchanov initiated coverage of Ads-Tec Energy with a Strong Buy rating and $14 price target. | |
DA Davidson analyst Matt… DA Davidson analyst Matt Summerville maintains a Buy rating and $17 price target on Ads-Tec Energy (ADSE) after the company closed its SPAC business combination last week. Summerville previously initiated coverage of Ads-Tec Energy's SPAC partner, European Sustainable Growth Acquisition (EUSG), with a Buy rating on December 9. At that time, he had said ADS was "highly well positioned" to leverage electric vehicle adoption with its "industry-leading, proprietary" battery-buffer technology. Since his December 9 initiation, Ads-Tec Energy has entered into a distributor contract with GP Groot, a Dutch wholesaler of fueling products and an operator of filling stations, that Summerville calls "a solid win." |
