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

Key Points

• ADS-TEC Energy's shares opened significantly lower at $11.18 after closing at $11.69, indicating a negative market reaction.
• Wall Street analysts have downgraded ADS-TEC Energy from a "hold" rating to a "sell" rating, reflecting growing concerns about the company's outlook.
• Institutional investors hold more than 51% of ADS-TEC Energy's stock, with notable increases in ownership from firms like Mirabella Financial Services and JPMorgan Chase.

ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $11.69, but opened at $11.18. ADS-TEC Energy shares last traded at $11.58, with a volume of 3,768 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut ADS-TEC Energy from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th.

ADS-TEC Energy Trading Down 0.3%

The firm has a fifty day moving average of $11.73 and a 200 day moving average of $12.94.

Institutional Trading of ADS-TEC Energy

Several institutional investors have recently bought and sold shares of the business. Mirabella Financial Services LLP grew its holdings in ADS-TEC Energy by 7.0% in the second quarter. Mirabella Financial Services LLP now owns 16,480,469 shares of the company's stock valued at $227,352,000 after purchasing an additional 1,076,423 shares during the period. First Trust Advisors LP lifted its position in shares of ADS-TEC Energy by 2.4% in the second quarter. First Trust Advisors LP now owns 136,682 shares of the company's stock valued at $1,886,000 after acquiring an additional 3,183 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of ADS-TEC Energy by 33.3% in the second quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company's stock valued at $173,000 after acquiring an additional 3,133 shares in the last quarter. Simplex Trading LLC purchased a new position in shares of ADS-TEC Energy in the second quarter valued at approximately $83,000. Finally, GAMMA Investing LLC lifted its position in shares of ADS-TEC Energy by 1,420.5% in the first quarter. GAMMA Investing LLC now owns 67,875 shares of the company's stock valued at $1,018,000 after acquiring an additional 63,411 shares in the last quarter. 51.65% of the stock is owned by institutional investors and hedge funds.

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.

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