Mirabella Financial Services LLP Buys 889,708 Shares of ADS-TEC Energy PLC $ADSE

Mirabella Financial Services LLP lifted its stake in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) by 5.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,370,177 shares of the company’s stock after acquiring an additional 889,708 shares during the quarter. ADS-TEC Energy comprises about 17.6% of Mirabella Financial Services LLP’s investment portfolio, making the stock its biggest holding. Mirabella Financial Services LLP owned 32.24% of ADS-TEC Energy worth $208,442,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in ADS-TEC Energy by 1,205.5% in the third quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock worth $31,000 after purchasing an additional 2,411 shares during the period. JPMorgan Chase & Co. increased its position in shares of ADS-TEC Energy by 33.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock valued at $173,000 after purchasing an additional 3,133 shares during the period. First Trust Advisors LP raised its stake in shares of ADS-TEC Energy by 2.4% in the 2nd quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock worth $1,886,000 after buying an additional 3,183 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of ADS-TEC Energy in the 4th quarter worth $53,000. Finally, Anson Funds Management LP lifted its holdings in shares of ADS-TEC Energy by 224.2% in the third quarter. Anson Funds Management LP now owns 305,653 shares of the company’s stock valued at $3,668,000 after buying an additional 211,360 shares during the period. Institutional investors own 51.65% of the company’s stock.

ADS-TEC Energy Price Performance

ADS-TEC Energy stock opened at $10.99 on Friday. ADS-TEC Energy PLC has a fifty-two week low of $7.89 and a fifty-two week high of $15.18. The firm’s 50 day simple moving average is $11.35 and its 200-day simple moving average is $11.16.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About ADS-TEC Energy

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.