Anson Funds Management LP Acquires 211,360 Shares of ADS-TEC Energy PLC $ADSE

Anson Funds Management LP increased its stake in ADS-TEC Energy PLC (NASDAQ:ADSE) by 224.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 305,653 shares of the company’s stock after buying an additional 211,360 shares during the quarter. Anson Funds Management LP’s holdings in ADS-TEC Energy were worth $3,668,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BNP Paribas Financial Markets increased 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 valued at $31,000 after buying an additional 2,411 shares during the period. Bank of America Corp DE purchased a new stake in shares of ADS-TEC Energy in the fourth quarter worth about $53,000. Simplex Trading LLC bought a new position in shares of ADS-TEC Energy in the second quarter valued at approximately $83,000. JPMorgan Chase & Co. grew its stake in ADS-TEC Energy by 33.3% during 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. Finally, First Trust Advisors LP grew its stake in ADS-TEC Energy by 2.4% during 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. 51.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of ADS-TEC Energy in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

ADS-TEC Energy Stock Down 4.4%

ADSE stock opened at $10.21 on Friday. The firm’s fifty day moving average is $11.46 and its 200 day moving average is $11.22. ADS-TEC Energy PLC has a 52 week low of $7.89 and a 52 week high of $15.18.

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.