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

ADS-TEC Energy PLC (NASDAQ:ADSE) shares gapped down before the market opened on Tuesday. The stock had previously closed at $9.70, but opened at $9.26. ADS-TEC Energy shares last traded at $9.2460, with a volume of 1,500 shares.

Analyst Upgrades and Downgrades

ADSE has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Friday, July 31st. Wall Street Zen upgraded ADS-TEC Energy to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

ADS-TEC Energy Trading Down 5.4%

The stock’s fifty day moving average price is $10.81 and its 200 day moving average price is $11.38.

ADS-TEC Energy (NASDAQ:ADSE) last announced its quarterly earnings data on Wednesday, September 30th. The company reported ($0.37) EPS for the quarter. The company had revenue of $4.20 million for the quarter.

About ADS-TEC Energy

ADS-TEC Energy plc (NASDAQ: ADSE) develops battery-based energy storage and fast-charging technology for electric vehicles. Its systems are designed to enable high-power charging at locations where the local electrical grid may not have sufficient capacity for a traditional charging installation.

The company’s product portfolio includes the ChargePost and ChargeBox platforms, which combine battery storage, power electronics and charging equipment. These systems can store electricity and deliver it rapidly to electric vehicles, helping reduce the need for costly grid upgrades.