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

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $10.87, but opened at $11.47. ADS-TEC Energy shares last traded at $11.1350, with a volume of 169 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ADS-TEC Energy in a research report on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

ADS-TEC Energy Stock Performance

The business’s fifty day moving average price is $11.54 and its 200 day moving average price is $11.62.

ADS-TEC Energy (NASDAQ:ADSE) last issued its quarterly earnings results on Monday, April 13th. The company reported ($0.42) EPS for the quarter. The firm had revenue of $9.90 million for the quarter.

Hedge Funds Weigh In On ADS-TEC Energy

A number of hedge funds have recently modified their holdings of ADSE. BNP Paribas Financial Markets lifted 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 during the period. Bank of America Corp DE acquired a new position in shares of ADS-TEC Energy during the fourth quarter worth $53,000. JPMorgan Chase & Co. lifted its holdings in shares of ADS-TEC Energy by 33.3% during the second quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock worth $173,000 after purchasing an additional 3,133 shares during the period. First Trust Advisors LP lifted 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. Finally, Anson Funds Management LP lifted its holdings in ADS-TEC Energy by 224.2% in the third quarter. Anson Funds Management LP now owns 305,653 shares of the company’s stock valued at $3,668,000 after buying an additional 211,360 shares during the period. Institutional investors and hedge funds 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.