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

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price gapped down before the market opened on Friday . The stock had previously closed at $11.44, but opened at $10.53. ADS-TEC Energy shares last traded at $10.86, with a volume of 514 shares changing hands.

Analysts Set New Price Targets

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

ADS-TEC Energy Stock Performance

The company’s 50 day simple moving average is $11.54 and its 200 day simple moving average is $11.58.

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

Hedge Funds Weigh In On ADS-TEC Energy

Several hedge funds have recently made changes to their positions in the business. Mirabella Financial Services LLP grew its stake 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 purchasing an additional 889,708 shares during the last quarter. Anson Funds Management LP grew its stake 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 purchasing an additional 211,360 shares during the last quarter. First Trust Advisors LP grew its stake 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 purchasing an additional 3,183 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 purchasing an additional 3,133 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of ADS-TEC Energy in the 4th quarter worth approximately $53,000. 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.