Erste Asset Management GmbH Acquires 865,688 Shares of Fluence Energy, Inc. $FLNC

Erste Asset Management GmbH grew its holdings in Fluence Energy, Inc. (NASDAQ:FLNC) by 369.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,100,192 shares of the company’s stock after acquiring an additional 865,688 shares during the quarter. Erste Asset Management GmbH owned 0.60% of Fluence Energy worth $12,542,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Jones Financial Companies Lllp raised its position in shares of Fluence Energy by 8.6% during the third quarter. Jones Financial Companies Lllp now owns 13,452 shares of the company’s stock valued at $160,000 after buying an additional 1,063 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Fluence Energy by 25.7% during the second quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company’s stock valued at $52,000 after acquiring an additional 1,586 shares during the period. TFB Advisors LLC increased its stake in Fluence Energy by 13.8% during the third quarter. TFB Advisors LLC now owns 18,253 shares of the company’s stock valued at $197,000 after acquiring an additional 2,215 shares during the period. American Century Companies Inc. raised its holdings in Fluence Energy by 3.4% in the 2nd quarter. American Century Companies Inc. now owns 80,288 shares of the company’s stock valued at $539,000 after acquiring an additional 2,674 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Fluence Energy by 2.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company’s stock worth $575,000 after acquiring an additional 3,364 shares during the period. 53.16% of the stock is currently owned by institutional investors and hedge funds.

Fluence Energy Trading Down 4.1%

Shares of FLNC stock opened at $15.54 on Friday. The company has a market capitalization of $2.86 billion, a P/E ratio of -35.32 and a beta of 2.90. Fluence Energy, Inc. has a 12-month low of $3.46 and a 12-month high of $33.51. The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $22.11 and a 200 day moving average price of $17.25.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Johnson Rice restated a “hold” rating and set a $18.00 price objective on shares of Fluence Energy in a research report on Monday, December 8th. Citigroup boosted their price target on shares of Fluence Energy from $7.50 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Royal Bank Of Canada restated a “sector perform” rating and issued a $12.00 price objective on shares of Fluence Energy in a research note on Tuesday, January 20th. Wall Street Zen upgraded shares of Fluence Energy from a “sell” rating to a “hold” rating in a research report on Sunday, November 2nd. Finally, The Goldman Sachs Group upped their target price on shares of Fluence Energy from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Fluence Energy currently has an average rating of “Hold” and an average price target of $16.25.

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.