376,103 Shares in Fluence Energy, Inc. $FLNC Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new position in Fluence Energy, Inc. (NASDAQ:FLNC) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 376,103 shares of the company’s stock, valued at approximately $4,062,000.

A number of other institutional investors have also recently bought and sold shares of FLNC. Advisory Services Network LLC acquired a new position in shares of Fluence Energy during the 3rd quarter worth approximately $48,000. Quantbot Technologies LP acquired a new stake in shares of Fluence Energy in the third quarter valued at approximately $51,000. Quarry LP raised its position in shares of Fluence Energy by 4,371.4% in the third quarter. Quarry LP now owns 5,947 shares of the company’s stock valued at $64,000 after buying an additional 5,814 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake 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 during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Fluence Energy during the second quarter worth approximately $67,000. Institutional investors own 53.16% of the company’s stock.

Analyst Upgrades and Downgrades

FLNC has been the topic of a number of recent research reports. Susquehanna restated a “positive” rating and set a $27.00 price objective on shares of Fluence Energy in a research note on Friday, February 6th. Johnson Rice reiterated a “hold” rating and set a $18.00 target price on shares of Fluence Energy in a research report on Monday, December 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Fluence Energy in a report on Monday, December 29th. Needham & Company LLC started coverage on Fluence Energy in a research note on Friday, March 20th. They issued a “hold” rating for the company. Finally, Jefferies Financial Group set a $24.00 price objective on shares of Fluence Energy in a research report on Monday, February 9th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.25.

Fluence Energy Stock Up 1.2%

Shares of FLNC opened at $16.35 on Thursday. The firm has a 50 day simple moving average of $20.23 and a two-hundred day simple moving average of $18.39. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.08. Fluence Energy, Inc. has a one year low of $3.46 and a one year high of $33.51. The company has a market cap of $3.01 billion, a P/E ratio of -37.16 and a beta of 2.99.

Fluence Energy (NASDAQ:FLNC) last issued its earnings results on Wednesday, February 4th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.16). Fluence Energy had a negative net margin of 2.04% and a negative return on equity of 10.10%. The business had revenue of $475.23 million during the quarter, compared to analyst estimates of $444.23 million. During the same period in the prior year, the business posted ($0.32) EPS. The company’s revenue for the quarter was up 154.4% compared to the same quarter last year. Research analysts forecast that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Insider Buying and Selling at Fluence Energy

In related news, Director Heynitz Harald Von sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total value of $165,000.00. Following the sale, the director directly owned 63,550 shares of the company’s stock, valued at $1,048,575. This trade represents a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.69% of the stock is currently owned by corporate insiders.

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.