Fluence Energy, Inc. $FLNC Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its position in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 1.9% during the third quarter, Holdings Channel.com reports. The firm owned 6,279,956 shares of the company’s stock after selling 122,219 shares during the quarter. Vanguard Group Inc.’s holdings in Fluence Energy were worth $67,824,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several research analysts recently weighed in on FLNC shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $12.00 price objective on shares of Fluence Energy in a research report on Tuesday, January 20th. The Goldman Sachs Group upped their price target on Fluence Energy from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Citigroup increased their price target on Fluence Energy from $7.50 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Barclays raised their price objective on Fluence Energy from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. Finally, Susquehanna restated a “positive” rating and issued a $27.00 price objective on shares of Fluence Energy in a report on Friday, February 6th. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.25.

Fluence Energy Stock Performance

NASDAQ:FLNC opened at $14.78 on Friday. The company has a fifty day simple moving average of $21.64 and a two-hundred day simple moving average of $17.51. The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. Fluence Energy, Inc. has a 52 week low of $3.46 and a 52 week high of $33.51. The company has a market cap of $2.72 billion, a price-to-earnings ratio of -33.59 and a beta of 2.99.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings results on Wednesday, February 4th. The company reported ($0.34) earnings per share (EPS) 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 company 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 earned ($0.32) EPS. Fluence Energy’s revenue for the quarter was up 154.4% on a year-over-year basis. As a group, equities analysts anticipate that Fluence Energy, Inc. will post 0.08 earnings per share 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.