ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Up – Time to Buy?

ADS-TEC Energy PLC (NASDAQ:ADSE) shares gapped up prior to trading on Monday . The stock had previously closed at $10.26, but opened at $10.80. ADS-TEC Energy shares last traded at $10.90, with a volume of 503 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 report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, ADS-TEC Energy presently has an average rating of “Moderate Buy”.

ADS-TEC Energy Trading Down 2.3%

The company has a 50 day simple moving average of $12.05 and a 200-day simple moving average of $11.32.

Hedge Funds Weigh In On ADS-TEC Energy

Several large investors have recently added to or reduced their stakes in the company. 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 purchasing an additional 889,708 shares during the period. Anson Funds Management LP lifted its position 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 last quarter. First Trust Advisors LP boosted 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 valued at $1,886,000 after buying an additional 3,183 shares during the period. JPMorgan Chase & Co. boosted 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 valued at $173,000 after buying an additional 3,133 shares during the period. Finally, Simplex Trading LLC bought a new stake in shares of ADS-TEC Energy during the 2nd quarter valued at about $83,000. 51.65% of the stock is currently owned by institutional investors.

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.