ADS-TEC Energy PLC (NASDAQ:ADSE – Get Free Report)’s share price was down 6.4% on Monday . The company traded as low as $11.50 and last traded at $10.75. Approximately 235 shares traded hands during trading, a decline of 97% from the average daily volume of 8,889 shares. The stock had previously closed at $11.49.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued 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, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.
Check Out Our Latest Report on ADS-TEC Energy
ADS-TEC Energy Stock Performance
ADS-TEC Energy (NASDAQ:ADSE – Get Free Report) last announced its quarterly earnings data on Monday, April 13th. The company reported ($0.42) EPS for the quarter. The business had revenue of $9.90 million during the quarter.
Institutional Investors Weigh In On ADS-TEC Energy
Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its stake in shares of ADS-TEC Energy by 1,205.5% in the 3rd 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. Bank of America Corp DE bought a new stake in ADS-TEC Energy in the fourth quarter valued at about $53,000. JPMorgan Chase & Co. raised 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 worth $173,000 after purchasing an additional 3,133 shares in the last quarter. First Trust Advisors LP raised 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 worth $1,886,000 after purchasing an additional 3,183 shares in the last quarter. Finally, Anson Funds Management LP lifted its stake in ADS-TEC Energy by 224.2% during the third quarter. Anson Funds Management LP now owns 305,653 shares of the company’s stock worth $3,668,000 after purchasing an additional 211,360 shares during the period. Institutional investors 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.
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