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

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $11.59, but opened at $12.46. ADS-TEC Energy shares last traded at $11.9350, with a volume of 1,492 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently issued reports on ADSE. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ADS-TEC Energy in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of ADS-TEC Energy from a “sell” rating to a “hold” rating in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

ADS-TEC Energy Price Performance

The company’s 50 day simple moving average is $11.88 and its 200 day simple moving average is $11.29.

Hedge Funds Weigh In On ADS-TEC Energy

Large investors have recently bought and sold shares of the company. Mirabella Financial Services LLP boosted its position in shares of ADS-TEC Energy by 7.0% during the 2nd quarter. Mirabella Financial Services LLP now owns 16,480,469 shares of the company’s stock worth $227,352,000 after purchasing an additional 1,076,423 shares in the last quarter. Anson Funds Management LP raised its stake in shares of 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 buying an additional 211,360 shares during the last quarter. Simplex Trading LLC purchased a new stake in shares of ADS-TEC Energy in the 2nd quarter worth about $83,000. Bank of America Corp DE acquired a new stake in ADS-TEC Energy in the 4th quarter valued at about $53,000. Finally, First Trust Advisors LP raised 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 worth $1,886,000 after acquiring an additional 3,183 shares during the last quarter. Hedge funds and other institutional investors 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.