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

ADS-TEC Energy PLC (NASDAQ:ADSE) shares gapped up prior to trading on Tuesday . The stock had previously closed at $11.59, but opened at $12.46. ADS-TEC Energy shares last traded at $11.9350, with a volume of 1,492 shares.

Wall Street Analyst Weigh In

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

ADS-TEC Energy Price Performance

The business’s fifty day moving average price is $12.01 and its 200-day moving average price is $11.31.

Institutional Investors Weigh In On ADS-TEC Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mirabella Financial Services LLP boosted its stake in ADS-TEC Energy by 7.0% during the second quarter. Mirabella Financial Services LLP now owns 16,480,469 shares of the company’s stock valued at $227,352,000 after buying an additional 1,076,423 shares during the period. Simplex Trading LLC purchased a new stake in shares of ADS-TEC Energy in the 2nd quarter valued at about $83,000. JPMorgan Chase & Co. boosted its position in shares of ADS-TEC Energy by 33.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock valued at $173,000 after acquiring an additional 3,133 shares during the last quarter. 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 in the last quarter. Finally, Bank of America Corp DE bought a new position in shares of ADS-TEC Energy in the fourth quarter worth approximately $53,000. 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.