ADS-TEC Energy (NASDAQ:ADSE) Shares Gap Up – Here’s What Happened

ADS-TEC Energy PLC (NASDAQ:ADSE) gapped up before the market opened on Wednesday . The stock had previously closed at $14.25, but opened at $14.55. ADS-TEC Energy shares last traded at $14.31, with a volume of 2,884 shares.

Wall Street Analyst Weigh In

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

ADS-TEC Energy Stock Down 1.2 %

The stock’s fifty day moving average price is $14.79 and its 200-day moving average price is $14.19.

Institutional Trading of ADS-TEC Energy

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

ADS-TEC Energy Company Profile

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.