23,780 Shares in Fluence Energy, Inc. $FLNC Bought by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 23,780 shares of the company’s stock, valued at approximately $160,000.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its stake in shares of Fluence Energy by 189.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after acquiring an additional 2,076,668 shares during the last quarter. CenterBook Partners LP purchased a new stake in Fluence Energy during the 1st quarter worth approximately $12,458,000. Invesco Ltd. increased its stake in Fluence Energy by 152.4% during the 1st quarter. Invesco Ltd. now owns 925,011 shares of the company’s stock valued at $4,486,000 after purchasing an additional 558,498 shares in the last quarter. AQR Capital Management LLC increased its stake in Fluence Energy by 1,441.8% during the 1st quarter. AQR Capital Management LLC now owns 900,674 shares of the company’s stock valued at $4,368,000 after purchasing an additional 842,257 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of Fluence Energy in the first quarter worth $4,180,000. Institutional investors and hedge funds own 53.16% of the company’s stock.

Fluence Energy Stock Performance

NASDAQ FLNC opened at $20.28 on Thursday. The firm has a market capitalization of $3.70 billion, a P/E ratio of -96.57 and a beta of 2.76. The stock has a 50-day simple moving average of $11.76 and a two-hundred day simple moving average of $8.18. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.64. Fluence Energy, Inc. has a fifty-two week low of $3.46 and a fifty-two week high of $24.00.

Fluence Energy (NASDAQ:FLNC) last posted its earnings results on Monday, August 11th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. Fluence Energy had a negative return on equity of 3.42% and a negative net margin of 0.76%.The firm had revenue of $602.53 million for the quarter, compared to analyst estimates of $738.52 million. The firm’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. On average, equities analysts forecast that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FLNC. Seaport Res Ptn lowered shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Wall Street Zen downgraded Fluence Energy from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. The Goldman Sachs Group increased their price objective on Fluence Energy from $10.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Susquehanna raised their price objective on Fluence Energy from $9.00 to $17.00 and gave the stock a “positive” rating in a research note on Monday, October 13th. Finally, JPMorgan Chase & Co. upped their target price on Fluence Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $9.12.

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.