Fluence Energy, Inc. $FLNC Shares Sold by Erste Asset Management GmbH

Erste Asset Management GmbH lessened its position in Fluence Energy, Inc. (NASDAQ:FLNC) by 17.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 908,892 shares of the company’s stock after selling 191,300 shares during the period. Erste Asset Management GmbH’s holdings in Fluence Energy were worth $18,151,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Fluence Energy by 22.2% in the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after acquiring an additional 437 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Fluence Energy by 17.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the company’s stock worth $79,000 after acquiring an additional 586 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of Fluence Energy by 10.7% in the 4th quarter. SBI Securities Co. Ltd. now owns 9,638 shares of the company’s stock worth $191,000 after acquiring an additional 935 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Fluence Energy by 8.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 13,452 shares of the company’s stock worth $160,000 after acquiring an additional 1,063 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Fluence Energy by 1.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,185 shares of the company’s stock worth $1,082,000 after acquiring an additional 1,082 shares during the period. Institutional investors and hedge funds own 53.16% of the company’s stock.

Insider Activity

In other news, major shareholder Qatar Investment Authority sold 2,867,172 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 11,801,103 shares in the company, valued at approximately $247,823,163. This trade represents a 19.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Heynitz Harald Von sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $16.50, for a total transaction of $165,000.00. Following the transaction, the director owned 63,550 shares of the company’s stock, valued at approximately $1,048,575. This trade represents a 13.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

FLNC has been the topic of a number of analyst reports. Citigroup increased their price objective on shares of Fluence Energy from $15.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Susquehanna increased their target price on shares of Fluence Energy from $23.00 to $25.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Weiss Ratings lowered shares of Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 8th. Guggenheim upgraded shares of Fluence Energy from a “sell” rating to a “neutral” rating in a research report on Thursday, March 19th. Finally, Royal Bank Of Canada increased their target price on shares of Fluence Energy from $12.00 to $16.00 and gave the company a “sector perform” rating in a research report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Fluence Energy currently has a consensus rating of “Hold” and an average price target of $19.47.

Fluence Energy Stock Performance

NASDAQ:FLNC opened at $24.07 on Tuesday. Fluence Energy, Inc. has a twelve month low of $4.68 and a twelve month high of $33.51. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average of $17.42 and a 200-day moving average of $19.31. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of -66.86 and a beta of 2.76.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.02. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The company had revenue of $464.89 million during the quarter, compared to analyst estimates of $614.93 million. During the same quarter last year, the firm posted ($0.24) EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts forecast that Fluence Energy, Inc. will post -0.22 earnings per share for the current fiscal 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.