ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Up – Here’s Why

ADS-TEC Energy PLC (NASDAQ:ADSE) shares gapped up before the market opened on Thursday . The stock had previously closed at $11.30, but opened at $12.00. ADS-TEC Energy shares last traded at $11.6560, with a volume of 144 shares trading hands.

Analyst Upgrades and Downgrades

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

ADS-TEC Energy Stock Down 2.9%

The business’s fifty day moving average is $11.08 and its two-hundred day moving average is $11.35.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its holdings 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 purchasing an additional 2,411 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of ADS-TEC Energy in the fourth quarter valued at approximately $53,000. JPMorgan Chase & Co. grew its holdings in shares of 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 purchasing an additional 3,133 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of 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 purchasing an additional 3,183 shares in the last quarter. Finally, Anson Funds Management LP grew its holdings in shares of 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 purchasing an additional 211,360 shares in the last quarter. Institutional investors and hedge funds own 51.65% of the company’s stock.

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.