Entropy Technologies LP Purchases Shares of 44,154 Fluence Energy, Inc. $FLNC

Entropy Technologies LP acquired a new position in shares of Fluence Energy, Inc. (NASDAQ:FLNC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,154 shares of the company’s stock, valued at approximately $608,000.

A number of other hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC increased its position in shares of Fluence Energy by 22.2% during the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after acquiring an additional 437 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Fluence Energy by 17.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the company’s stock valued at $79,000 after acquiring an additional 586 shares in the last quarter. Sei Investments Co. boosted its stake in Fluence Energy by 4.5% during the 1st quarter. Sei Investments Co. now owns 16,222 shares of the company’s stock valued at $223,000 after purchasing an additional 703 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in Fluence Energy by 10.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 9,638 shares of the company’s stock valued at $191,000 after purchasing an additional 935 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Fluence Energy by 1.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,185 shares of the company’s stock worth $1,082,000 after purchasing an additional 1,082 shares in the last quarter. 53.16% of the stock is currently owned by institutional investors and hedge funds.

Fluence Energy Stock Down 5.8%

Shares of NASDAQ:FLNC opened at $11.89 on Thursday. Fluence Energy, Inc. has a 1 year low of $6.60 and a 1 year high of $33.51. The company has a market capitalization of $2.19 billion, a PE ratio of -33.03 and a beta of 2.75. The business has a fifty day moving average price of $19.55 and a two-hundred day moving average price of $18.79. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.91.

Fluence Energy (NASDAQ:FLNC) last released its earnings results on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. The company had revenue of $464.89 million for the quarter, compared to analysts’ expectations of $614.93 million. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.62%.The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.24) EPS. Analysts forecast that Fluence Energy, Inc. will post -0.18 earnings per share for the current year.

Insider Buying and Selling

In other Fluence Energy news, SVP John Zahurancik sold 15,974 shares of Fluence Energy stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $22.03, for a total value of $351,907.22. Following the sale, the senior vice president owned 71,171 shares of the company’s stock, valued at approximately $1,567,897.13. The trade was a 18.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Qatar Investment Authority sold 2,867,172 shares of Fluence Energy stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $21.00, for a total transaction of $60,210,612.00. Following the completion of the sale, the insider directly owned 11,801,103 shares in the company, valued at approximately $247,823,163. This represents a 19.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 2,904,146 shares of company stock worth $61,090,399. Insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

FLNC has been the subject of several analyst reports. Truist Financial started coverage on Fluence Energy in a research note on Monday, July 13th. They issued a “hold” rating and a $16.00 price objective for the company. UBS Group lifted their target price on Fluence Energy from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Monday, May 11th. Citigroup raised Fluence Energy from a “neutral” rating to a “buy” rating and lowered their price target for the company from $26.00 to $24.00 in a research report on Wednesday, July 22nd. Roth Capital upgraded Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Friday, May 8th. Finally, Barclays cut their price objective on shares of Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Fluence Energy presently has a consensus rating of “Hold” and an average price target of $19.53.

About Fluence Energy

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.