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

ADS-TEC Energy PLC (NASDAQ:ADSE) gapped up before the market opened on Thursday . The stock had previously closed at $10.87, but opened at $11.47. ADS-TEC Energy shares last traded at $11.1350, with a volume of 169 shares changing hands.

Wall Street Analyst Weigh In

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

ADS-TEC Energy Trading Up 2.1%

The stock has a fifty day moving average of $11.53 and a 200-day moving average of $11.62.

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

Hedge Funds Weigh In On ADS-TEC Energy

A number of large investors have recently bought and sold shares of the business. Mirabella Financial Services LLP lifted its holdings in shares of ADS-TEC Energy by 5.4% in 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 lifted its holdings in shares of ADS-TEC Energy by 224.2% in 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. BNP Paribas Financial Markets lifted its holdings in shares of ADS-TEC Energy by 1,205.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock worth $31,000 after buying an additional 2,411 shares during the period. First Trust Advisors LP lifted its holdings in shares of ADS-TEC Energy by 2.4% in 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 during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of ADS-TEC Energy by 33.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock worth $173,000 after buying an additional 3,133 shares during the period. Hedge funds and other institutional investors own 51.65% of the company’s stock.

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.