Vanguard Group Inc. Cuts Position in Fluence Energy, Inc. $FLNC

Vanguard Group Inc. decreased its holdings in Fluence Energy, Inc. (NASDAQ:FLNC) by 1.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,279,956 shares of the company’s stock after selling 122,219 shares during the quarter. Vanguard Group Inc. owned 3.44% of Fluence Energy worth $67,824,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Ameritas Investment Partners Inc. increased its position in shares of Fluence Energy by 25.7% in the second quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company’s stock valued at $52,000 after buying an additional 1,586 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Fluence Energy during the 2nd quarter valued at approximately $67,000. Teacher Retirement System of Texas acquired a new stake in Fluence Energy in the 2nd quarter valued at $79,000. SBI Securities Co. Ltd. increased its holdings in Fluence Energy by 51.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 12,285 shares of the company’s stock worth $82,000 after acquiring an additional 4,200 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Fluence Energy by 68.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,454 shares of the company’s stock worth $84,000 after acquiring an additional 5,050 shares in the last quarter. 53.16% of the stock is owned by institutional investors and hedge funds.

Fluence Energy Price Performance

NASDAQ:FLNC opened at $14.78 on Friday. Fluence Energy, Inc. has a one year low of $3.46 and a one year high of $33.51. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.08 and a current ratio of 1.48. The stock has a market cap of $2.72 billion, a PE ratio of -33.59 and a beta of 2.99. The stock has a 50 day moving average price of $21.64 and a 200 day moving average price of $17.51.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Wednesday, February 4th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.16). The company had revenue of $475.23 million for the quarter, compared to analysts’ expectations of $444.23 million. Fluence Energy had a negative return on equity of 10.10% and a negative net margin of 2.04%.The business’s quarterly revenue was up 154.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.32) EPS. Equities research analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Susquehanna reaffirmed a “positive” rating and set a $27.00 price objective on shares of Fluence Energy in a report on Friday, February 6th. Citigroup boosted their target price on shares of Fluence Energy from $7.50 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Roth Mkm restated a “neutral” rating and set a $26.00 price target on shares of Fluence Energy in a research report on Wednesday, January 28th. Jefferies Financial Group set a $24.00 price target on shares of Fluence Energy in a research note on Monday, February 9th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $12.00 price objective on shares of Fluence Energy in a report on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Fluence Energy has an average rating of “Hold” and a consensus target price of $16.25.

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.