EagleClaw Capital Managment LLC Cuts Position in Fluence Energy, Inc. $FLNC

EagleClaw Capital Managment LLC reduced its stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 78.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,425 shares of the company’s stock after selling 55,775 shares during the period. EagleClaw Capital Managment LLC’s holdings in Fluence Energy were worth $104,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Canal Insurance CO boosted its holdings in Fluence Energy by 16.0% during the second quarter. Canal Insurance CO now owns 580,000 shares of the company’s stock worth $3,892,000 after buying an additional 80,000 shares in the last quarter. Bryce Point Capital LLC acquired a new stake in shares of Fluence Energy during the 1st quarter valued at approximately $591,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Fluence Energy by 32.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 509,363 shares of the company’s stock worth $3,157,000 after acquiring an additional 124,203 shares in the last quarter. Mizuho Markets Americas LLC grew its holdings in shares of Fluence Energy by 343.1% in the 1st quarter. Mizuho Markets Americas LLC now owns 281,185 shares of the company’s stock worth $1,364,000 after acquiring an additional 217,725 shares during the period. Finally, Federated Hermes Inc. increased its stake in Fluence Energy by 2,409.2% in the 1st quarter. Federated Hermes Inc. now owns 541,168 shares of the company’s stock valued at $2,625,000 after purchasing an additional 519,601 shares in the last quarter. 53.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FLNC. The Goldman Sachs Group boosted their target price on Fluence Energy from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. HSBC lowered shares of Fluence Energy from a “hold” rating to a “reduce” rating and set a $5.00 price objective on the stock. in a research report on Wednesday, August 13th. JPMorgan Chase & Co. raised their target price on shares of Fluence Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Seaport Res Ptn downgraded shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Finally, Wall Street Zen raised shares of Fluence Energy from a “sell” rating to a “hold” rating in a research note on Sunday, November 2nd. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $9.12.

Fluence Energy Price Performance

Fluence Energy stock opened at $19.21 on Thursday. The firm’s 50-day moving average is $14.39 and its two-hundred day moving average is $9.35. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 1.06. The stock has a market capitalization of $3.51 billion, a P/E ratio of -91.48 and a beta of 2.88. Fluence Energy, Inc. has a 12-month low of $3.46 and a 12-month high of $24.00.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. The business had revenue of $602.53 million for the quarter, compared to the consensus estimate of $738.52 million. The business’s revenue was up 24.7% compared to the same quarter last year. Equities analysts predict that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Fluence Energy Company 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.