ADS-TEC Energy (NASDAQ:ADSE) Shares Down 4% – What’s Next?

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) dropped 4% on Thursday . The company traded as low as $12.20 and last traded at $11.9280. Approximately 212 shares traded hands during trading, a decline of 98% from the average session volume of 9,560 shares. The stock had previously closed at $12.43.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ADS-TEC Energy in a report on Monday, May 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

ADS-TEC Energy Trading Down 4.2%

The business’s fifty day simple moving average is $11.56 and its two-hundred day simple moving average is $11.56.

ADS-TEC Energy (NASDAQ:ADSE) last issued its earnings results on Monday, April 13th. The company reported ($0.42) earnings per share (EPS) for the quarter. The firm had revenue of $9.90 million for the quarter.

Hedge Funds Weigh In On ADS-TEC Energy

Several large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its holdings in shares of 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 worth $31,000 after purchasing an additional 2,411 shares during the last quarter. JPMorgan Chase & Co. boosted 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 valued at $173,000 after purchasing an additional 3,133 shares during the period. First Trust Advisors LP boosted 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 valued at $1,886,000 after purchasing an additional 3,183 shares during the period. Bank of America Corp DE purchased a new position in ADS-TEC Energy during the 4th quarter worth approximately $53,000. Finally, Mirabella Financial Services LLP grew its stake in ADS-TEC Energy by 0.3% during the 3rd quarter. Mirabella Financial Services LLP now owns 16,537,488 shares of the company’s stock worth $198,450,000 after buying an additional 57,019 shares during the last quarter. Institutional investors and hedge funds 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.