ADS-TEC Energy (NASDAQ:ADSE) Sees Large Volume Increase – What’s Next?

ADS-TEC Energy PLC (NASDAQ:ADSE) shares saw an uptick in trading volume on Tuesday . 14,796 shares were traded during trading, a decline of 34% from the previous session’s volume of 22,381 shares.The stock last traded at $12.14 and had previously closed at $12.23.

Wall Street Analysts Forecast Growth

ADSE has been the topic of a number of research reports. Wall Street Zen upgraded ADS-TEC Energy from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings restated a “sell (d-)” rating on shares of ADS-TEC Energy in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

ADS-TEC Energy Stock Performance

The company has a 50 day moving average price of $11.09 and a 200 day moving average price of $11.27.

Hedge Funds Weigh In On ADS-TEC Energy

A number of hedge funds have recently added to or reduced their stakes in ADSE. Mirabella Financial Services LLP grew its position in shares of ADS-TEC Energy by 5.4% during the 3rd quarter. Mirabella Financial Services LLP now owns 17,370,177 shares of the company’s stock valued at $208,442,000 after buying an additional 889,708 shares during the last quarter. Anson Funds Management LP increased its position in ADS-TEC Energy by 224.2% in the third 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 grew its position 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 worth $31,000 after acquiring an additional 2,411 shares during the last quarter. First Trust Advisors LP increased 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 acquiring an additional 3,183 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in ADS-TEC Energy by 33.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock valued at $173,000 after purchasing an additional 3,133 shares during the last quarter. Institutional investors and hedge funds 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.