SG Americas Securities LLC Sells 1,798,232 Shares of Fluence Energy, Inc. $FLNC

SG Americas Securities LLC lessened its position in Fluence Energy, Inc. (NASDAQ:FLNC) by 96.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,479 shares of the company’s stock after selling 1,798,232 shares during the quarter. SG Americas Securities LLC’s holdings in Fluence Energy were worth $761,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in Fluence Energy by 189.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after purchasing an additional 2,076,668 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Fluence Energy by 10.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,683,637 shares of the company’s stock worth $11,298,000 after acquiring an additional 153,614 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Fluence Energy by 83.7% during the 2nd quarter. Federated Hermes Inc. now owns 994,064 shares of the company’s stock worth $6,670,000 after acquiring an additional 452,896 shares during the last quarter. AQR Capital Management LLC boosted its holdings 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 acquiring an additional 842,257 shares during the period. Finally, Alpha Wave Global LP bought a new position in Fluence Energy in the 2nd quarter valued at $4,395,000. 53.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on FLNC shares. Bank of America lifted their target price on Fluence Energy from $17.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 9th. BNP Paribas Exane reaffirmed an “underperform” rating and issued a $9.00 price target on shares of Fluence Energy in a research note on Tuesday, October 21st. Canaccord Genuity Group lifted their price objective on shares of Fluence Energy from $10.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. The Goldman Sachs Group upped their target price on shares of Fluence Energy from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley raised their target price on shares of Fluence Energy from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $14.02.

Fluence Energy Trading Down 5.8%

NASDAQ FLNC opened at $25.51 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.17 and a current ratio of 1.51. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of -60.74 and a beta of 2.88. The company’s 50-day simple moving average is $20.75 and its two-hundred day simple moving average is $14.72. Fluence Energy, Inc. has a one year low of $3.46 and a one year high of $27.93.

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

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.