ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Down – What’s Next?

ADS-TEC Energy PLC (NASDAQ:ADSE)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $13.97, but opened at $13.33. ADS-TEC Energy shares last traded at $13.31, with a volume of 7,328 shares.

Analyst Ratings Changes

Separately, Roth Capital upgraded shares of ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th.

ADS-TEC Energy Stock Performance

The stock has a 50 day simple moving average of $14.97 and a 200 day simple moving average of $14.07.

Institutional Trading of ADS-TEC Energy

Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of ADS-TEC Energy by 132.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company’s stock valued at $32,000 after purchasing an additional 1,185 shares during the period. Bank of America Corp DE purchased a new position in ADS-TEC Energy in the 4th quarter valued at about $53,000. GAMMA Investing LLC purchased a new stake in shares of ADS-TEC Energy during the fourth quarter worth about $69,000. Renaissance Technologies LLC acquired a new position in shares of ADS-TEC Energy in the fourth quarter worth about $313,000. Finally, Geode Capital Management LLC grew its stake in ADS-TEC Energy by 15.0% during the 3rd quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock valued at $425,000 after purchasing an additional 4,154 shares in the last quarter. Institutional investors and hedge funds own 51.65% of the company’s stock.

About ADS-TEC Energy

ADS-TEC Energy PLC provide intelligent and decentralized energy storage systems in Europe and North America. Its portfolio of ecosystem platforms provides DC-based ultra-fast chargers for EVs on power limited grids, energy storage and management solutions for commercial and industrial applications, and energy storage and management solutions for residential sector coupling applications.