25,263 Shares in Fluence Energy, Inc. $FLNC Bought by Olympiad Research LP

Olympiad Research LP purchased a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,263 shares of the company’s stock, valued at approximately $273,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of FLNC. Goldman Sachs Group Inc. grew its position in Fluence Energy by 189.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after acquiring an additional 2,076,668 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Fluence Energy by 1,794.8% in the second quarter. SG Americas Securities LLC now owns 1,868,711 shares of the company’s stock worth $12,539,000 after purchasing an additional 1,770,090 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Fluence Energy by 10.0% in the second quarter. Geode Capital Management LLC now owns 1,683,637 shares of the company’s stock worth $11,298,000 after buying an additional 153,614 shares during the period. Federated Hermes Inc. raised its holdings in Fluence Energy by 83.7% during the 2nd quarter. Federated Hermes Inc. now owns 994,064 shares of the company’s stock valued at $6,670,000 after buying an additional 452,896 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Fluence Energy by 1,441.8% during the 1st quarter. AQR Capital Management LLC now owns 900,674 shares of the company’s stock valued at $4,368,000 after buying an additional 842,257 shares during the period. Institutional investors own 53.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on FLNC shares. Morgan Stanley boosted their price objective on shares of Fluence Energy from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 26th. UBS Group reiterated a “neutral” rating on shares of Fluence Energy in a report on Thursday, January 15th. JPMorgan Chase & Co. boosted their target price on Fluence Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Bank of America raised their price target on Fluence Energy from $17.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 9th. Finally, Wall Street Zen raised shares of Fluence Energy from a “sell” rating to a “hold” rating in a research report on Sunday, November 2nd. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $14.62.

Fluence Energy Stock Up 3.3%

Shares of Fluence Energy stock opened at $26.34 on Thursday. Fluence Energy, Inc. has a 1 year low of $3.46 and a 1 year high of $27.93. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of -62.71 and a beta of 2.88. The company has a 50-day moving average of $20.90 and a 200 day moving average of $14.80. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.51 and a quick ratio of 1.17.

Fluence Energy (NASDAQ:FLNC) last announced its earnings results on Monday, November 24th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Fluence Energy had a negative net margin of 2.14% and a negative return on equity of 9.21%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the business posted $0.34 EPS. Fluence Energy’s revenue for the quarter was down 15.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Fluence Energy Company 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.