ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down – Time to Sell?

ADS-TEC Energy PLC (NASDAQ:ADSE) gapped down before the market opened on Tuesday . The stock had previously closed at $12.07, but opened at $10.96. ADS-TEC Energy shares last traded at $11.15, with a volume of 223 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ADS-TEC Energy currently has a consensus rating of “Moderate Buy”.

ADS-TEC Energy Stock Performance

The stock’s fifty day moving average is $12.21 and its two-hundred day moving average is $11.35.

Institutional Investors Weigh In On ADS-TEC Energy

Several large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its stake in ADS-TEC Energy by 1,205.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock worth $31,000 after acquiring an additional 2,411 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of ADS-TEC Energy during the fourth quarter worth about $53,000. Simplex Trading LLC bought a new position in shares of ADS-TEC Energy in the second quarter worth approximately $83,000. JPMorgan Chase & Co. raised its stake in ADS-TEC Energy by 33.3% in the second 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 in the last quarter. Finally, First Trust Advisors LP raised its stake 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 purchasing an additional 3,183 shares in the last quarter. 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.