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

ADS-TEC Energy PLC (NASDAQ:ADSE)’s stock price gapped up before the market opened 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 traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of ADS-TEC Energy in a research report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ADS-TEC Energy currently has an average rating of “Sell”.

ADS-TEC Energy Trading Down 2.7%

The company’s 50-day moving average is $11.54 and its 200-day moving average is $11.62.

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

Institutional Trading of ADS-TEC Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in ADS-TEC Energy by 1,205.5% in the third quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock valued at $31,000 after buying an additional 2,411 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 buying an additional 3,133 shares in the last quarter. First Trust Advisors LP boosted its position 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 in the last quarter. Bank of America Corp DE acquired a new stake in ADS-TEC Energy in the fourth quarter valued at approximately $53,000. Finally, Mirabella Financial Services LLP boosted its position in ADS-TEC Energy by 0.3% in the third quarter. Mirabella Financial Services LLP now owns 16,537,488 shares of the company’s stock valued at $198,450,000 after buying an additional 57,019 shares in the last quarter. 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.