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

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price gapped down prior to trading on Monday . The stock had previously closed at $11.87, but opened at $11.38. ADS-TEC Energy shares last traded at $12.1850, with a volume of 5,515 shares traded.

Wall Street Analysts Forecast Growth

ADSE has been the subject of several recent analyst reports. Wall Street Zen raised shares of 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 equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, ADS-TEC Energy has a consensus rating of “Moderate Buy”.

ADS-TEC Energy Trading Down 4.5%

The stock’s 50-day moving average is $11.76 and its two-hundred day moving average is $11.31.

Institutional Trading of ADS-TEC Energy

A number of hedge funds have recently bought and sold shares of ADSE. Mirabella Financial Services LLP boosted its position 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 last quarter. Anson Funds Management LP boosted its holdings in shares of 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 last quarter. BNP Paribas Financial Markets grew its position in 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 valued at $31,000 after buying an additional 2,411 shares during the period. First Trust Advisors LP grew its position in 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 period. Finally, JPMorgan Chase & Co. increased its holdings in 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 last quarter. 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.