Green Alpha Advisors LLC Sells 1,086 Shares of Fluence Energy, Inc. (NASDAQ:FLNC)

Green Alpha Advisors LLC decreased its holdings in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,800 shares of the company’s stock after selling 1,086 shares during the period. Green Alpha Advisors LLC’s holdings in Fluence Energy were worth $505,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FLNC. Handelsbanken Fonder AB raised its holdings in shares of Fluence Energy by 47.3% during the third quarter. Handelsbanken Fonder AB now owns 6,376,024 shares of the company’s stock valued at $144,800,000 after acquiring an additional 2,047,063 shares in the last quarter. FMR LLC raised its holdings in Fluence Energy by 9.0% in the 3rd quarter. FMR LLC now owns 1,606,100 shares of the company’s stock worth $36,475,000 after purchasing an additional 132,868 shares in the last quarter. Geode Capital Management LLC raised its holdings in Fluence Energy by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,508,003 shares of the company’s stock worth $34,253,000 after purchasing an additional 60,633 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Fluence Energy by 1.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,500,841 shares of the company’s stock valued at $26,025,000 after purchasing an additional 23,927 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new stake in shares of Fluence Energy during the 3rd quarter valued at about $22,059,000. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on FLNC shares. Truist Financial raised their price objective on shares of Fluence Energy from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Susquehanna lifted their price target on Fluence Energy from $23.00 to $28.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. Robert W. Baird reaffirmed a “neutral” rating and issued a $20.00 price target (down from $24.00) on shares of Fluence Energy in a research note on Wednesday, December 18th. Piper Sandler raised their price objective on Fluence Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Finally, Canaccord Genuity Group reduced their target price on shares of Fluence Energy from $37.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.65.

Insider Activity

In related news, Director Herman E. Bulls bought 10,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $15.57 per share, with a total value of $155,700.00. Following the transaction, the director now owns 75,861 shares in the company, valued at approximately $1,181,155.77. This trade represents a 15.18 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.41% of the stock is owned by corporate insiders.

Fluence Energy Trading Down 5.9 %

Fluence Energy stock opened at $16.09 on Monday. Fluence Energy, Inc. has a 12 month low of $12.74 and a 12 month high of $26.12. The stock has a fifty day simple moving average of $18.29 and a two-hundred day simple moving average of $18.67. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 123.77, a PEG ratio of 0.56 and a beta of 2.42.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Monday, November 25th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.23 by $0.11. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.28 billion. Fluence Energy had a return on equity of 4.10% and a net margin of 0.89%. Fluence Energy’s revenue for the quarter was up 82.5% on a year-over-year basis. During the same period last year, the company earned $0.02 EPS. On average, equities research analysts forecast that Fluence Energy, Inc. will post 0.56 EPS for the current fiscal year.

Fluence Energy Company Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.