ADS-TEC Energy (NASDAQ:ADSE) Shares Down 10.5% – Here’s What Happened

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price traded down 10.5% during mid-day trading on Monday . The stock traded as low as $9.66 and last traded at $10.18. 10,753 shares changed hands during trading, a decline of 1% from the average session volume of 10,828 shares. The stock had previously closed at $11.37.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ADS-TEC Energy in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

ADS-TEC Energy Trading Up 0.1%

The company has a 50 day moving average of $11.22 and a 200-day moving average of $11.19.

Institutional Trading of ADS-TEC Energy

Hedge funds have recently made changes to their positions in the business. Mirabella Financial Services LLP boosted its stake in shares of ADS-TEC Energy by 7.0% in the second quarter. Mirabella Financial Services LLP now owns 16,480,469 shares of the company’s stock valued at $227,352,000 after purchasing an additional 1,076,423 shares during the period. Anson Funds Management LP increased its stake in ADS-TEC Energy by 224.2% during the 3rd quarter. Anson Funds Management LP now owns 305,653 shares of the company’s stock worth $3,668,000 after buying an additional 211,360 shares during the period. Bank of America Corp DE acquired a new stake in ADS-TEC Energy during the 4th quarter worth approximately $53,000. First Trust Advisors LP lifted its holdings in ADS-TEC Energy by 2.4% during the 2nd 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in ADS-TEC Energy by 33.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock valued at $173,000 after buying an additional 3,133 shares during the period. Institutional investors and hedge funds 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.