Handelsbanken Fonder AB Invests $16.96 Million in Fluence Energy, Inc. $FLNC

Handelsbanken Fonder AB bought a new position in Fluence Energy, Inc. (NASDAQ:FLNC) during the 4th quarter, Holdings Channel reports. The firm bought 857,654 shares of the company’s stock, valued at approximately $16,964,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capstone Capital Management Ltd acquired a new position in shares of Fluence Energy in the 4th quarter worth approximately $247,000. Abacus Wealth Partners LLC acquired a new position in Fluence Energy during the 4th quarter worth $278,000. Pier Capital LLC lifted its holdings in Fluence Energy by 5.8% during the 4th quarter. Pier Capital LLC now owns 213,856 shares of the company’s stock worth $4,230,000 after buying an additional 11,793 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Fluence Energy by 10.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 9,638 shares of the company’s stock worth $191,000 after buying an additional 935 shares in the last quarter. Finally, Strs Ohio lifted its holdings in Fluence Energy by 18.4% during the 4th quarter. Strs Ohio now owns 13,500 shares of the company’s stock worth $267,000 after buying an additional 2,100 shares in the last quarter. 53.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FLNC shares. Roth Mkm raised Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Friday, May 8th. Zacks Research raised Fluence Energy from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Canaccord Genuity Group set a $28.00 price objective on Fluence Energy in a report on Friday, May 8th. Susquehanna upped their price objective on Fluence Energy from $23.00 to $25.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Finally, Bank of America set a $32.00 price objective on Fluence Energy in a report on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.47.

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, major shareholder Qatar Investment Authority sold 2,867,172 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $21.00, for a total transaction of $60,210,612.00. Following the completion of the sale, the insider 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Heynitz Harald Von sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $16.50, for a total transaction of $165,000.00. Following the sale, the director owned 63,550 shares of the company’s stock, valued at $1,048,575. The trade was a 13.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.69% of the company’s stock.

Fluence Energy Stock Performance

Shares of Fluence Energy stock opened at $18.94 on Thursday. The firm has a fifty day moving average of $15.62 and a two-hundred day moving average of $18.98. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of -52.61 and a beta of 2.62. Fluence Energy, Inc. has a 52 week low of $4.40 and a 52 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.

Fluence Energy (NASDAQ:FLNC) last issued its earnings results on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.02. The company had revenue of $464.89 million during the quarter, compared to analysts’ expectations of $614.93 million. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.24) EPS. As a group, equities research analysts predict that Fluence Energy, Inc. will post -0.22 EPS for the current year.

About Fluence Energy

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.