ADS-TEC Energy (NASDAQ:ADSE) Shares Up 2.4% – Here’s Why

ADS-TEC Energy PLC (NASDAQ:ADSE) shares shot up 2.4% on Friday . The company traded as high as $11.80 and last traded at $11.58. 11,928 shares traded hands during trading, a decline of 29% from the average daily volume of 16,804 shares. The stock had previously closed at $11.31.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ADS-TEC Energy currently has an average rating of “Sell”.

ADS-TEC Energy Stock Performance

The firm has a 50 day moving average price of $11.83 and a 200 day moving average price of $11.58.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new stake in ADS-TEC Energy during the 4th quarter valued at $53,000. First Trust Advisors LP raised its position 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 worth $1,886,000 after acquiring an additional 3,183 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 worth $173,000 after acquiring an additional 3,133 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of 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 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.