ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down – What’s Next?

ADS-TEC Energy PLC (NASDAQ:ADSE)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $11.87, but opened at $11.38. ADS-TEC Energy shares last traded at $12.1850, with a volume of 5,515 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ADSE. Wall Street Zen upgraded shares of ADS-TEC Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings restated a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ADS-TEC Energy presently has a consensus rating of “Moderate Buy”.

ADS-TEC Energy Price Performance

The business has a fifty day simple moving average of $11.64 and a 200-day simple moving average of $11.32.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Mirabella Financial Services LLP boosted its position in ADS-TEC Energy by 5.4% during the 3rd quarter. Mirabella Financial Services LLP now owns 17,370,177 shares of the company’s stock worth $208,442,000 after buying an additional 889,708 shares during the period. Anson Funds Management LP raised its stake in shares of ADS-TEC Energy by 224.2% during the third quarter. Anson Funds Management LP now owns 305,653 shares of the company’s stock valued at $3,668,000 after acquiring an additional 211,360 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of ADS-TEC Energy by 1,205.5% during the third quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock worth $31,000 after purchasing an additional 2,411 shares during the period. First Trust Advisors LP grew its stake in shares of ADS-TEC Energy by 2.4% in the second quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock worth $1,886,000 after purchasing an additional 3,183 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of ADS-TEC Energy by 33.3% in the second quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock worth $173,000 after purchasing an additional 3,133 shares during the last quarter. 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.