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

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) gapped down before the market opened on Tuesday. The stock had previously closed at $9.70, but opened at $9.26. ADS-TEC Energy shares last traded at $9.2460, with a volume of 1,500 shares trading hands.

Analyst Ratings Changes

ADSE has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Friday, July 31st. Wall Street Zen upgraded shares of ADS-TEC Energy to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average rating of “Sell”.

ADS-TEC Energy Price Performance

The stock’s fifty day moving average is $10.81 and its 200-day moving average is $11.38.

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