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

ADS-TEC Energy PLC (NASDAQ:ADSE)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $11.45, but opened at $10.24. ADS-TEC Energy shares last traded at $11.1640, with a volume of 351 shares trading hands.

Wall Street Analyst Weigh In

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

ADS-TEC Energy Stock Performance

The business has a 50 day simple moving average of $11.52 and a 200 day simple moving average of $11.56.

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

Hedge Funds Weigh In On ADS-TEC Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new stake in shares of ADS-TEC Energy in the fourth quarter valued at $53,000. JPMorgan Chase & Co. grew its stake in ADS-TEC Energy by 33.3% during 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. First Trust Advisors LP grew its stake in ADS-TEC Energy by 2.4% during 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. BNP Paribas Financial Markets increased 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 worth $31,000 after purchasing an additional 2,411 shares during the period. Finally, Anson Funds Management LP increased its holdings in ADS-TEC Energy by 224.2% during 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 period. Hedge funds and other 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.