ADS-TEC Energy PLC (NASDAQ:ADSE – Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $11.89, but opened at $11.06. ADS-TEC Energy shares last traded at $10.9410, with a volume of 2,151 shares changing hands.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ADS-TEC Energy in a research report on Monday, May 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Read Our Latest Analysis on ADSE
ADS-TEC Energy Price Performance
ADS-TEC Energy (NASDAQ:ADSE – Get Free Report) last announced its 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 Trading of ADS-TEC Energy
A number of hedge funds have recently added to or reduced their stakes in ADSE. Bank of America Corp DE acquired a new stake in ADS-TEC Energy during the 4th quarter worth approximately $53,000. JPMorgan Chase & Co. lifted its position in ADS-TEC Energy by 33.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock worth $173,000 after acquiring an additional 3,133 shares during the period. First Trust Advisors LP lifted its position in ADS-TEC Energy by 2.4% during the 2nd quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock worth $1,886,000 after acquiring an additional 3,183 shares during the period. BNP Paribas Financial Markets lifted its position in ADS-TEC Energy by 1,205.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock worth $31,000 after acquiring an additional 2,411 shares during the period. Finally, Anson Funds Management LP lifted its position in ADS-TEC Energy by 224.2% during the 3rd quarter. Anson Funds Management LP now owns 305,653 shares of the company’s stock worth $3,668,000 after acquiring an additional 211,360 shares during the period. 51.65% of the stock is owned by institutional investors and hedge funds.
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.
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