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

ADS-TEC Energy PLC (NASDAQ:ADSE)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $12.11, but opened at $11.82. ADS-TEC Energy shares last traded at $11.7170, with a volume of 577 shares traded.

Wall Street Analyst Weigh In

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

ADS-TEC Energy Stock Up 5.4%

The stock has a 50 day simple moving average of $11.05 and a 200-day simple moving average of $11.22.

Institutional Investors Weigh In On ADS-TEC Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mirabella Financial Services LLP grew its position in 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 during the last quarter. Anson Funds Management LP raised its stake in ADS-TEC Energy by 224.2% in the 3rd quarter. Anson Funds Management LP now owns 305,653 shares of the company’s stock valued at $3,668,000 after purchasing an additional 211,360 shares during the last quarter. Simplex Trading LLC acquired a new stake in shares of ADS-TEC Energy during the second quarter worth $83,000. Bank of America Corp DE acquired a new position in shares of ADS-TEC Energy in the 4th quarter valued at $53,000. Finally, First Trust Advisors LP raised its holdings in ADS-TEC Energy by 2.4% in the second quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock valued at $1,886,000 after buying an additional 3,183 shares during the period. 51.65% of the stock is currently owned by institutional investors and hedge funds.

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.