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

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE – Get Free Report) gapped down before the market opened on Tuesday. The stock had previously closed at $9.70, but opened at $9.26. ADS-TEC Energy shares last traded at $9.2460, with a volume of 1,500 shares traded.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen raised ADS-TEC Energy to a “sell” rating in a report on Saturday, October 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ADS-TEC Energy in a report on Friday, July 31st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Get Our Latest Research Report on ADSE

ADS-TEC Energy Price Performance

The company’s fifty day moving average price is $10.71 and its 200 day moving average price is $11.35.

ADS-TEC Energy (NASDAQ:ADSE – Get Free Report) last issued its quarterly earnings data on Wednesday, September 30th. The company reported ($0.37) EPS for the quarter. The company had revenue of $4.20 million during the quarter.

About ADS-TEC Energy

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ADS-TEC Energy plc (NASDAQ: ADSE) develops battery-based energy storage and fast-charging technology for electric vehicles. Its systems are designed to enable high-power charging at locations where the local electrical grid may not have sufficient capacity for a traditional charging installation.

The company’s product portfolio includes the ChargePost and ChargeBox platforms, which combine battery storage, power electronics and charging equipment. These systems can store electricity and deliver it rapidly to electric vehicles, helping reduce the need for costly grid upgrades.

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