ADS-TEC Energy (NASDAQ:ADSE) Stock Falls 5.1% – Here’s Why

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price was down 5.1% during mid-day trading on Wednesday. The stock traded as low as $9.60 and last traded at $9.4310. Approximately 11,800 shares traded hands during trading, a decline of 19% from the average session volume of 14,519 shares. The stock had previously closed at $9.94.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Friday, July 31st. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell”.

ADS-TEC Energy Stock Up 0.5%

The company has a fifty day moving average of $10.90 and a 200-day moving average of $11.44.

ADS-TEC Energy (NASDAQ:ADSE) last posted its earnings results on Wednesday, September 30th. The company reported ($0.37) earnings per share (EPS) for the quarter. The company had revenue of $4.20 million during the quarter.

About ADS-TEC Energy

ADS-TEC Energy plc (NASDAQ: ADSE) develops battery-based energy storage and fast-charging technology for electric vehicles. Its systems are designed to enable high-power charging at locations where the local electrical grid may not have sufficient capacity for a traditional charging installation.

The company’s product portfolio includes the ChargePost and ChargeBox platforms, which combine battery storage, power electronics and charging equipment. These systems can store electricity and deliver it rapidly to electric vehicles, helping reduce the need for costly grid upgrades.