Benzinga | Jan 19, 2022 06:35AM EST

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

* 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.