ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down – Here’s What Happened

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price gapped down before the market opened on Monday . The stock had previously closed at $11.45, but opened at $10.24. ADS-TEC Energy shares last traded at $11.1640, with a volume of 351 shares traded.

Wall Street Analyst Weigh In

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

ADS-TEC Energy Price Performance

The business has a fifty day moving average price of $11.52 and a 200 day moving average price of $11.56.

ADS-TEC Energy (NASDAQ:ADSE) last announced 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 during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted 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 acquiring an additional 2,411 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of ADS-TEC Energy during the fourth quarter worth about $53,000. JPMorgan Chase & Co. increased its position 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 in the last quarter. First Trust Advisors LP lifted its holdings in shares of 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 boosted its position in shares of 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 during the period. 51.65% of the stock is owned by hedge funds and other institutional investors.

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.