Ardsley Advisory Partners LP Grows Position in Fluence Energy, Inc. (NASDAQ:FLNC)

Ardsley Advisory Partners LP grew its stake in Fluence Energy, Inc. (NASDAQ:FLNC) by 5,050.0% during the 4th quarter, Holdings Channel reports. The fund owned 515,000 shares of the company’s stock after acquiring an additional 505,000 shares during the period. Fluence Energy comprises about 1.3% of Ardsley Advisory Partners LP’s portfolio, making the stock its 23rd biggest position. Ardsley Advisory Partners LP’s holdings in Fluence Energy were worth $8,178,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in Fluence Energy in the 4th quarter valued at about $34,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Fluence Energy during the fourth quarter valued at approximately $79,000. Tower Research Capital LLC TRC boosted its position in Fluence Energy by 827.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,516 shares of the company’s stock worth $88,000 after acquiring an additional 4,921 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in Fluence Energy in the 4th quarter worth approximately $176,000. Finally, Envestnet Asset Management Inc. raised its holdings in Fluence Energy by 47.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,317 shares of the company’s stock valued at $211,000 after acquiring an additional 4,285 shares during the last quarter. Institutional investors and hedge funds own 53.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FLNC. Canaccord Genuity Group lowered their price objective on Fluence Energy from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. BMO Capital Markets downgraded shares of Fluence Energy from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $22.00 to $10.00 in a research note on Tuesday, February 11th. Wolfe Research cut shares of Fluence Energy from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 12th. HSBC downgraded shares of Fluence Energy from a “buy” rating to a “hold” rating and set a $4.00 target price for the company. in a report on Monday. Finally, Roth Capital downgraded shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.64.

Insider Buying and Selling

In other Fluence Energy news, CEO Julian Nebreda purchased 23,500 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $6.35 per share, with a total value of $149,225.00. Following the completion of the purchase, the chief executive officer now owns 120,455 shares in the company, valued at $764,889.25. This trade represents a 24.24 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Herman E. Bulls purchased 30,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $6.53 per share, for a total transaction of $195,900.00. Following the completion of the transaction, the director now directly owns 105,861 shares in the company, valued at $691,272.33. This represents a 39.55 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 79,000 shares of company stock worth $499,665 in the last three months. 0.65% of the stock is owned by insiders.

Fluence Energy Price Performance

Shares of NASDAQ FLNC opened at $4.34 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $787.92 million, a price-to-earnings ratio of -86.80 and a beta of 2.48. Fluence Energy, Inc. has a twelve month low of $3.46 and a twelve month high of $26.12. The business has a 50 day simple moving average of $4.70 and a 200-day simple moving average of $12.31.

Fluence Energy (NASDAQ:FLNC) last issued its earnings results on Monday, February 10th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.15). Fluence Energy had a negative return on equity of 0.36% and a negative net margin of 0.08%. As a group, equities research analysts expect that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Fluence Energy Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.