Mizuho Markets Americas LLC Increases Holdings in Fluence Energy, Inc. $FLNC

Mizuho Markets Americas LLC grew its holdings in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 39.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 190,794 shares of the company’s stock after purchasing an additional 54,359 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Fluence Energy were worth $2,625,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its holdings in Fluence Energy by 4.5% in the 1st quarter. Sei Investments Co. now owns 16,222 shares of the company’s stock worth $223,000 after buying an additional 703 shares during the period. State of Wyoming boosted its stake in Fluence Energy by 444.2% during the first quarter. State of Wyoming now owns 9,812 shares of the company’s stock valued at $135,000 after buying an additional 8,009 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Fluence Energy by 55.4% during the 1st quarter. First Trust Advisors LP now owns 1,131,468 shares of the company’s stock valued at $15,569,000 after acquiring an additional 403,199 shares during the last quarter. KBC Group NV grew its stake in shares of Fluence Energy by 2.9% in the 1st quarter. KBC Group NV now owns 152,172 shares of the company’s stock worth $2,094,000 after buying an additional 4,300 shares in the last quarter. Finally, World Equity Group Inc. purchased a new position in Fluence Energy in the first quarter worth about $261,000. Institutional investors own 53.16% of the company’s stock.

Fluence Energy Trading Down 1.6%

Shares of Fluence Energy stock opened at $14.42 on Friday. The company has a market cap of $2.66 billion, a P/E ratio of -40.05 and a beta of 2.75. Fluence Energy, Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $33.51. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.91 and a current ratio of 1.43. The firm has a 50-day simple moving average of $20.06 and a two-hundred day simple moving average of $19.03.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.62%.The business had revenue of $464.89 million during the quarter, compared to analysts’ expectations of $614.93 million. During the same period in the previous year, the business earned ($0.24) earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts predict that Fluence Energy, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Activity at Fluence Energy

In related news, major shareholder Qatar Investment Authority sold 2,867,172 shares of Fluence Energy stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $21.00, for a total value of $60,210,612.00. Following the sale, the insider directly owned 11,801,103 shares in the company, valued at approximately $247,823,163. The trade was a 19.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Heynitz Harald Von sold 5,000 shares of Fluence Energy stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.00, for a total value of $125,000.00. Following the completion of the sale, the director directly owned 58,550 shares in the company, valued at $1,463,750. This represents a 7.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 2,904,146 shares of company stock valued at $61,090,399. 0.69% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on FLNC shares. Glj Research assumed coverage on shares of Fluence Energy in a research note on Wednesday, July 1st. They set a “buy” rating and a $26.00 price objective for the company. Canaccord Genuity Group set a $28.00 price objective on Fluence Energy in a research note on Friday, May 8th. BMO Capital Markets reissued a “market perform” rating and set a $15.00 target price on shares of Fluence Energy in a research report on Wednesday, April 29th. Barclays dropped their price objective on Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Monday, April 13th. Finally, Wall Street Zen downgraded Fluence Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Fluence Energy presently has a consensus rating of “Hold” and an average target price of $19.53.

Fluence Energy Profile

Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.

The company’s core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.