ADS-TEC Energy (NASDAQ:ADSE) Trading Down 4.8% – Here’s What Happened

Shares of ADS-TEC Energy PLC (NASDAQ:ADSE) were down 4.8% on Wednesday . The company traded as low as $11.88 and last traded at $11.8850. Approximately 723 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 10,835 shares. The stock had previously closed at $12.48.

Analyst Upgrades and Downgrades

A number of research firms have commented on ADSE. Weiss Ratings reissued a “sell (d-)” rating on shares of ADS-TEC Energy in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of ADS-TEC Energy from a “sell” rating to a “hold” rating in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, ADS-TEC Energy currently has a consensus rating of “Moderate Buy”.

ADS-TEC Energy Stock Performance

The stock has a 50-day moving average of $11.79 and a 200 day moving average of $11.32.

Hedge Funds Weigh In On ADS-TEC Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets grew its position in shares of ADS-TEC Energy by 1,205.5% during the third 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 last quarter. Bank of America Corp DE acquired a new position in ADS-TEC Energy in the fourth quarter valued at $53,000. Simplex Trading LLC acquired a new position in shares of ADS-TEC Energy during the 2nd quarter valued at $83,000. JPMorgan Chase & Co. lifted 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. Finally, First Trust Advisors LP grew its stake 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 valued at $1,886,000 after purchasing an additional 3,183 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.