ADS-TEC Energy (NASDAQ:ADSE) Shares Up 2.4% – Here’s Why

ADS-TEC Energy PLC (NASDAQ:ADSE) traded up 2.4% on Friday . The company traded as high as $11.80 and last traded at $11.58. 11,928 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 16,804 shares. The stock had previously closed at $11.31.

Analyst Upgrades and Downgrades

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

ADS-TEC Energy Stock Up 2.4%

The company has a fifty day moving average of $11.83 and a 200 day moving average of $11.58.

Institutional Investors Weigh In On ADS-TEC Energy

A number of institutional investors have recently modified their holdings of the company. First Trust Advisors LP increased its position in shares of 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. JPMorgan Chase & Co. lifted its holdings in ADS-TEC Energy by 33.3% in the second 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. Bank of America Corp DE acquired a new position in ADS-TEC Energy in the fourth quarter valued at $53,000. Finally, BNP Paribas Financial Markets boosted its position in 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 valued at $31,000 after acquiring an additional 2,411 shares during the last quarter. 51.65% of the stock is owned by institutional investors.

About ADS-TEC Energy

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.