Vanguard Group Inc. decreased its holdings in Fluence Energy, Inc. (NASDAQ:FLNC – Free Report) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,162,922 shares of the company’s stock after selling 117,034 shares during the period. Vanguard Group Inc.’s holdings in Fluence Energy were worth $121,903,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in Fluence Energy by 22.2% in the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after purchasing an additional 437 shares during the period. Advisory Services Network LLC purchased a new stake in Fluence Energy in the third quarter worth $48,000. Quantbot Technologies LP bought a new position in shares of Fluence Energy during the 3rd quarter worth $51,000. Quarry LP grew its position in shares of Fluence Energy by 4,371.4% during the 3rd quarter. Quarry LP now owns 5,947 shares of the company’s stock worth $64,000 after buying an additional 5,814 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Fluence Energy by 442.9% during the 4th quarter. Farther Finance Advisors LLC now owns 3,377 shares of the company’s stock worth $67,000 after buying an additional 2,755 shares in the last quarter. Hedge funds and other institutional investors own 53.16% of the company’s stock.
Key Fluence Energy News
Here are the key news stories impacting Fluence Energy this week:
- Negative Sentiment: Controlling stockholders are selling 20 million shares in a public offering, which can pressure the share price and raise dilution/overhang concerns. Article Title
- Negative Sentiment: Fluence will not receive any proceeds from the offering, so the transaction does not directly strengthen the company’s balance sheet or fund growth initiatives. Article Title
- Neutral Sentiment: Reputable underwriters Barclays, Goldman Sachs, and J.P. Morgan are handling the deal, which supports execution but does not change the underlying impact for shareholders. Article Title
- Neutral Sentiment: Earlier commentary noted improved analyst attention and a recent price target increase to $17, but the stock’s move today appears driven mainly by the share sale announcement. Article Title
Fluence Energy Stock Down 15.7%
Fluence Energy (NASDAQ:FLNC – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.02. The business had revenue of $464.89 million during the quarter, compared to analyst estimates of $614.93 million. Fluence Energy had a negative net margin of 1.64% and a negative return on equity of 8.29%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.24) earnings per share. As a group, research analysts expect that Fluence Energy, Inc. will post -0.22 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Heynitz Harald Von sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total transaction of $165,000.00. Following the transaction, the director directly owned 63,550 shares of the company’s stock, valued at approximately $1,048,575. This represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.69% of the company’s stock.
Analyst Ratings Changes
Several research firms recently weighed in on FLNC. Roth Mkm upgraded Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Friday. UBS Group increased their target price on shares of Fluence Energy from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Monday. Weiss Ratings cut shares of Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday. Zacks Research cut shares of Fluence Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Fluence Energy from $13.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $18.82.
Get Our Latest Research Report on Fluence Energy
Fluence Energy Profile
Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.
The company’s core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.
Featured Stories
- Five stocks we like better than Fluence Energy
- Navy Catalyst Ignites Odysight’s Growth Engine
- AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
- Axon Surged After Earnings and Is Still Down Over 50% From Highs
- The Event That Could Redefine Apple’s Summer Rally
Want to see what other hedge funds are holding FLNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fluence Energy, Inc. (NASDAQ:FLNC – Free Report).
Receive News & Ratings for Fluence Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluence Energy and related companies with MarketBeat.com's FREE daily email newsletter.
