EagleClaw Capital Managment LLC Reduces Stock Holdings in Fluence Energy, Inc. $FLNC

EagleClaw Capital Managment LLC lowered its stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 78.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,425 shares of the company’s stock after selling 55,775 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in Fluence Energy were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FLNC. Parallel Advisors LLC acquired a new stake in Fluence Energy during the 2nd quarter worth $30,000. SBI Securities Co. Ltd. grew its holdings in shares of Fluence Energy by 462.6% during the first quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company’s stock worth $39,000 after purchasing an additional 6,648 shares during the last quarter. TFB Advisors LLC acquired a new stake in shares of Fluence Energy during the first quarter worth about $53,000. Voleon Capital Management LP purchased a new stake in shares of Fluence Energy in the 1st quarter valued at about $55,000. Finally, Activest Wealth Management purchased a new stake in shares of Fluence Energy in the 2nd quarter valued at about $68,000. Institutional investors and hedge funds own 53.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barclays set a $13.00 price target on Fluence Energy in a research report on Tuesday, October 7th. Royal Bank Of Canada reduced their price target on shares of Fluence Energy from $8.00 to $7.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 13th. Seaport Res Ptn cut shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group lifted their price objective on shares of Fluence Energy from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, BNP Paribas set a $9.00 target price on shares of Fluence Energy and gave the stock an “underperform” rating in a research note on Tuesday, October 21st. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $9.12.

Fluence Energy Stock Down 7.3%

Shares of Fluence Energy stock opened at $19.21 on Thursday. Fluence Energy, Inc. has a one year low of $3.46 and a one year high of $24.00. The company has a market cap of $3.51 billion, a P/E ratio of -91.48 and a beta of 2.88. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.64. The firm has a fifty day moving average of $14.39 and a two-hundred day moving average of $9.35.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $602.53 million for the quarter, compared to analyst estimates of $738.52 million. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. The firm’s revenue for the quarter was up 24.7% on a year-over-year basis. On average, analysts forecast that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

About Fluence Energy

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.