ADS-TEC Energy (NASDAQ:ADSE) Trading Down 4% – What’s Next?

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) fell 4% on Thursday . The stock traded as low as $12.20 and last traded at $11.9280. Approximately 212 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 9,560 shares. The stock had previously closed at $12.43.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ADS-TEC Energy in a research report on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, ADS-TEC Energy has a consensus rating of “Sell”.

ADS-TEC Energy Stock Down 4.2%

The stock has a 50 day moving average of $11.56 and a two-hundred day moving average of $11.56.

ADS-TEC Energy (NASDAQ:ADSE) last announced its quarterly earnings data on Monday, April 13th. The company reported ($0.42) earnings per share for the quarter. The company had revenue of $9.90 million during the quarter.

Hedge Funds Weigh In On ADS-TEC Energy

A number of large investors have recently made changes to their positions in ADSE. BNP Paribas Financial Markets lifted its stake in shares of ADS-TEC Energy by 1,205.5% in the third quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock valued at $31,000 after purchasing an additional 2,411 shares during the period. JPMorgan Chase & Co. grew its position in ADS-TEC Energy by 33.3% during the second quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock worth $173,000 after buying an additional 3,133 shares during the period. First Trust Advisors LP grew its position in ADS-TEC Energy by 2.4% during the second quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock worth $1,886,000 after buying an additional 3,183 shares during the period. Bank of America Corp DE purchased a new position in ADS-TEC Energy in the fourth quarter valued at about $53,000. Finally, Mirabella Financial Services LLP increased its holdings in ADS-TEC Energy by 0.3% in the third quarter. Mirabella Financial Services LLP now owns 16,537,488 shares of the company’s stock valued at $198,450,000 after buying an additional 57,019 shares in the last quarter. Hedge funds and other institutional investors own 51.65% of the company’s stock.

ADS-TEC Energy Company Profile

ADS-TEC Energy GmbH is a Germany-based developer of advanced energy storage systems and high-power electric vehicle (EV) charging solutions. Founded in 2009, the company specializes in modular, scalable battery technologies designed to enhance grid stability and support the integration of renewable energy sources through its patented Prism storage cell technology.

ADS-TEC Energy’s product range includes turnkey containerized storage units, Smart Batteries with integrated energy management, and high-speed charging stations equipped with onboard energy buffers.