Householder Group Estate & Retirement Specialist LLC Purchases New Shares in Fluence Energy, Inc. (NASDAQ:FLNC)

Householder Group Estate & Retirement Specialist LLC purchased a new stake in Fluence Energy, Inc. (NASDAQ:FLNC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,990 shares of the company’s stock, valued at approximately $79,000.

Other institutional investors have also made changes to their positions in the company. US Bancorp DE raised its holdings in shares of Fluence Energy by 676.6% in the third quarter. US Bancorp DE now owns 1,693 shares of the company’s stock valued at $38,000 after buying an additional 1,475 shares during the last quarter. CWM LLC raised its holdings in shares of Fluence Energy by 164.4% in the third quarter. CWM LLC now owns 2,842 shares of the company’s stock valued at $65,000 after buying an additional 1,767 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of Fluence Energy in the third quarter valued at about $74,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Fluence Energy in the third quarter valued at about $87,000. Finally, Blue Trust Inc. raised its holdings in shares of Fluence Energy by 45.3% in the third quarter. Blue Trust Inc. now owns 4,821 shares of the company’s stock valued at $109,000 after buying an additional 1,502 shares during the last quarter. 53.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Herman E. Bulls purchased 10,000 shares of Fluence Energy stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of $15.57 per share, with a total value of $155,700.00. Following the transaction, the director now directly owns 75,861 shares in the company, valued at $1,181,155.77. The trade was a 15.18 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

Fluence Energy Stock Performance

Shares of FLNC opened at $14.44 on Friday. The stock has a 50 day simple moving average of $17.76 and a 200 day simple moving average of $18.61. Fluence Energy, Inc. has a 52-week low of $12.74 and a 52-week high of $26.12. The firm has a market capitalization of $2.62 billion, a PE ratio of 111.08, a P/E/G ratio of 0.53 and a beta of 2.42.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings data on Monday, November 25th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.11. Fluence Energy had a return on equity of 4.10% and a net margin of 0.89%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the firm earned $0.02 EPS. Fluence Energy’s quarterly revenue was up 82.5% compared to the same quarter last year. Equities research analysts predict that Fluence Energy, Inc. will post 0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FLNC has been the subject of a number of research analyst reports. Royal Bank of Canada cut their price target on Fluence Energy from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Canaccord Genuity Group dropped their price objective on Fluence Energy from $37.00 to $34.00 and set a “buy” rating for the company in a report on Friday, November 29th. BMO Capital Markets boosted their price objective on Fluence Energy from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Piper Sandler boosted their price objective on Fluence Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Finally, Robert W. Baird reissued a “neutral” rating and set a $20.00 price objective (down from $24.00) on shares of Fluence Energy in a report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Fluence Energy presently has an average rating of “Moderate Buy” and an average target price of $26.65.

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.