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

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) gapped down before the market opened on Wednesday . The stock had previously closed at $10.87, but opened at $10.09. ADS-TEC Energy shares last traded at $11.2380, with a volume of 778 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ADS-TEC Energy in a report on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ADS-TEC Energy currently has an average rating of “Sell”.

ADS-TEC Energy Stock Up 3.7%

The stock has a fifty day moving average price of $11.30 and a 200 day moving average price of $11.44.

ADS-TEC Energy (NASDAQ:ADSE) last released 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 during the quarter.

Institutional Investors Weigh In On ADS-TEC Energy

Several institutional investors have recently made changes to their positions in ADSE. BNP Paribas Financial Markets grew its holdings in ADS-TEC Energy by 1,205.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock valued at $31,000 after purchasing an additional 2,411 shares during the last quarter. Bank of America Corp DE bought a new stake in ADS-TEC Energy in the fourth quarter worth about $53,000. JPMorgan Chase & Co. boosted its position in shares of ADS-TEC Energy by 33.3% during the second quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock valued at $173,000 after buying an additional 3,133 shares during the period. First Trust Advisors LP grew its stake in shares of ADS-TEC Energy by 2.4% during the second quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock valued at $1,886,000 after buying an additional 3,183 shares during the last quarter. Finally, Anson Funds Management LP grew its stake 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 buying an additional 211,360 shares during the last quarter. 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.