Fluence Energy, Inc. $FLNC Shares Purchased by Prospera Financial Services Inc

Prospera Financial Services Inc raised its position in Fluence Energy, Inc. (NASDAQ:FLNC) by 309.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 78,680 shares of the company’s stock after purchasing an additional 59,449 shares during the period. Prospera Financial Services Inc’s holdings in Fluence Energy were worth $528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FLNC. Parallel Advisors LLC purchased a new position in Fluence Energy during the 2nd quarter valued at about $30,000. SBI Securities Co. Ltd. increased its stake in shares of Fluence Energy by 462.6% during the 1st 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 in the last quarter. TFB Advisors LLC acquired a new position in shares of Fluence Energy during the 1st quarter worth approximately $53,000. Voleon Capital Management LP purchased a new stake in Fluence Energy in the 1st quarter valued at approximately $55,000. Finally, Activest Wealth Management acquired a new stake in Fluence Energy during the 2nd quarter valued at $68,000. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

Fluence Energy Price Performance

Fluence Energy stock opened at $17.91 on Friday. 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 has a market capitalization of $3.27 billion, a P/E ratio of -85.29 and a beta of 2.88. The firm has a fifty day moving average of $14.79 and a 200-day moving average of $9.49. Fluence Energy, Inc. has a 52-week low of $3.46 and a 52-week high of $24.00.

Analyst Ratings Changes

Several brokerages have recently issued reports on FLNC. Barclays set a $13.00 price objective on Fluence Energy in a research report on Tuesday, October 7th. Wall Street Zen raised shares of Fluence Energy from a “sell” rating to a “hold” rating in a research note on Sunday, November 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Fluence Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Roth Capital raised their target price on shares of Fluence Energy from $7.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Royal Bank Of Canada reduced their price target on Fluence Energy from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $9.48.

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.