Inspire Investing LLC Makes New $382,000 Investment in Fluence Energy, Inc. $FLNC

Inspire Investing LLC bought a new position in Fluence Energy, Inc. (NASDAQ:FLNC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 56,877 shares of the company’s stock, valued at approximately $382,000.

Several other institutional investors have also recently made changes to their positions in FLNC. SG Americas Securities LLC grew its stake in shares of Fluence Energy by 101.7% in the 1st quarter. SG Americas Securities LLC now owns 98,621 shares of the company’s stock worth $478,000 after acquiring an additional 49,738 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Fluence Energy in the 1st quarter worth $128,000. Janney Montgomery Scott LLC bought a new stake in shares of Fluence Energy in the 1st quarter worth $403,000. Canal Insurance CO grew its stake in shares of Fluence Energy by 66.7% in the 1st quarter. Canal Insurance CO now owns 500,000 shares of the company’s stock worth $2,425,000 after acquiring an additional 200,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Fluence Energy by 54.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 38,005 shares of the company’s stock worth $184,000 after acquiring an additional 13,427 shares in the last quarter. Institutional investors own 53.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on FLNC shares. Hsbc Global Res lowered shares of Fluence Energy from a “hold” rating to a “moderate sell” rating in a research note on Wednesday, August 13th. Barclays set a $13.00 target price on shares of Fluence Energy in a research note on Tuesday, October 7th. Mizuho reiterated a “neutral” rating and issued a $10.00 target price (up previously from $6.00) on shares of Fluence Energy in a research note on Monday, July 14th. Susquehanna boosted their price target on shares of Fluence Energy from $9.00 to $17.00 and gave the stock a “positive” rating in a report on Monday. Finally, BMO Capital Markets set a $5.00 price target on shares of Fluence Energy and gave the stock a “market perform” rating in a report on Wednesday, June 25th. Four analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Fluence Energy currently has an average rating of “Hold” and a consensus price target of $9.33.

Fluence Energy Price Performance

NASDAQ FLNC opened at $19.58 on Friday. The company has a market cap of $3.57 billion, a PE ratio of -93.24 and a beta of 2.76. Fluence Energy, Inc. has a 52 week low of $3.46 and a 52 week high of $24.00. The company has a quick ratio of 1.06, a current ratio of 1.64 and a debt-to-equity ratio of 0.75. The firm’s 50-day simple moving average is $9.98 and its two-hundred day simple moving average is $7.28.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Monday, August 11th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. The business had revenue of $602.53 million for the quarter, compared to the consensus estimate of $738.52 million. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. Fluence Energy’s revenue for the quarter was up 24.7% on a year-over-year basis. Fluence Energy has set its FY 2025 guidance at EPS. Research analysts predict that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Fluence Energy 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.