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

ADS-TEC Energy PLC (NASDAQ:ADSE) shares gapped down prior to trading on Wednesday . The stock had previously closed at $11.47, but opened at $11.05. ADS-TEC Energy shares last traded at $11.2340, with a volume of 281 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated 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, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

ADS-TEC Energy Price Performance

The stock’s fifty day simple moving average is $11.56 and its two-hundred day simple moving average is $11.60.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Mirabella Financial Services LLP boosted its holdings in ADS-TEC Energy by 5.4% in the third quarter. Mirabella Financial Services LLP now owns 17,370,177 shares of the company’s stock worth $208,442,000 after acquiring an additional 889,708 shares in the last quarter. Anson Funds Management LP increased its holdings in shares of ADS-TEC Energy by 224.2% during the third quarter. Anson Funds Management LP now owns 305,653 shares of the company’s stock valued at $3,668,000 after acquiring an additional 211,360 shares in the last quarter. BNP Paribas Financial Markets raised its position 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 purchasing an additional 2,411 shares during the last quarter. First Trust Advisors LP boosted its stake in 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 purchasing an additional 3,183 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in 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 purchasing an additional 3,133 shares in the last quarter. Hedge funds and other 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.