ADS-TEC Energy (NASDAQ:ADSE) Stock Price Down 5% – Here’s Why

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) dropped 5% on Tuesday . The company traded as low as $11.23 and last traded at $12.0850. Approximately 12,404 shares traded hands during trading, a decline of 87% from the average daily volume of 93,798 shares. The stock had previously closed at $12.72.

Analyst Ratings Changes

A number of research firms 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 note 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

ADS-TEC Energy Stock Performance

The stock has a fifty day simple moving average of $11.41 and a 200-day simple moving average of $11.36.

Hedge Funds Weigh In On ADS-TEC Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased 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 buying an additional 2,411 shares in the last quarter. Bank of America Corp DE bought a new stake in ADS-TEC Energy during the 4th quarter worth approximately $53,000. Simplex Trading LLC bought a new stake in ADS-TEC Energy during the 2nd quarter worth approximately $83,000. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 3,133 shares in the last quarter. Finally, First Trust Advisors LP raised its position in 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 last quarter. 51.65% of the stock is currently owned by institutional investors and hedge funds.

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.