ADS-TEC Energy (NASDAQ:ADSE) Sees Large Volume Increase – Here’s What Happened

ADS-TEC Energy PLC (NASDAQ:ADSE) shares saw unusually-high trading volume on Friday. 16,111 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 14,752 shares. The stock last traded at $9.60 and had previously closed at $9.55.

Analysts Set New Price Targets

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

ADS-TEC Energy Trading Up 2.8%

The business’s fifty day moving average price is $10.90 and its 200 day moving average price is $11.44.

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

ADS-TEC Energy Company Profile

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.