ADS-TEC Energy (NASDAQ:ADSE) Trading Down 10.5% – Here’s Why

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price dropped 10.5% during trading on Monday . The company traded as low as $9.66 and last traded at $10.18. Approximately 10,753 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 10,828 shares. The stock had previously closed at $11.37.

Analysts Set New Price Targets

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

ADS-TEC Energy Stock Performance

The firm’s 50-day moving average is $11.18 and its two-hundred day moving average is $11.22.

Hedge Funds Weigh In On ADS-TEC Energy

A number of hedge funds have recently made changes to their positions in ADSE. BNP Paribas Financial Markets lifted its position in shares of 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 acquiring an additional 2,411 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of ADS-TEC Energy during the fourth quarter worth approximately $53,000. JPMorgan Chase & Co. raised its stake in ADS-TEC Energy by 33.3% in 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 during the last quarter. First Trust Advisors LP raised its stake 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. Finally, Anson Funds Management LP lifted its holdings in ADS-TEC Energy by 224.2% in the 3rd quarter. Anson Funds Management LP now owns 305,653 shares of the company’s stock valued at $3,668,000 after purchasing an additional 211,360 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.