ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Up – Still a Buy?

ADS-TEC Energy PLC (NASDAQ:ADSE)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $10.38, but opened at $11.00. ADS-TEC Energy shares last traded at $10.5310, with a volume of 464 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ADS-TEC Energy currently has a consensus rating of “Sell”.

ADS-TEC Energy Price Performance

The company’s 50-day moving average is $11.39 and its two-hundred day moving average is $11.17.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ADSE. BNP Paribas Financial Markets grew its holdings in 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 buying an additional 2,411 shares in the last quarter. Bank of America Corp DE purchased a new stake in ADS-TEC Energy in the 4th quarter valued at $53,000. JPMorgan Chase & Co. lifted its stake in 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 in the last quarter. First Trust Advisors LP boosted its holdings in ADS-TEC Energy by 2.4% during the 2nd quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock worth $1,886,000 after acquiring an additional 3,183 shares during the last quarter. Finally, Anson Funds Management LP boosted its holdings in ADS-TEC Energy by 224.2% during the 3rd quarter. Anson Funds Management LP now owns 305,653 shares of the company’s stock worth $3,668,000 after acquiring an additional 211,360 shares during the last quarter. Hedge funds and other institutional investors 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.