ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down – Here’s Why

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price gapped down prior to trading on Friday . The stock had previously closed at $11.44, but opened at $10.53. ADS-TEC Energy shares last traded at $10.86, with a volume of 514 shares.

Wall Street Analyst Weigh In

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

ADS-TEC Energy Stock Performance

The stock’s 50-day moving average price is $11.53 and its 200-day moving average price is $11.59.

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

Institutional Investors Weigh In On ADS-TEC Energy

A number of institutional investors and hedge funds 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% 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 period. Bank of America Corp DE acquired a new stake in ADS-TEC Energy in the fourth quarter worth about $53,000. JPMorgan Chase & Co. raised its holdings in ADS-TEC Energy by 33.3% during the 2nd 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. First Trust Advisors LP lifted its position 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 valued at $1,886,000 after purchasing an additional 3,183 shares during the period. Finally, Anson Funds Management LP lifted its position 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 valued at $3,668,000 after purchasing an additional 211,360 shares during the period. 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.