87,700 Shares in Fluence Energy, Inc. $FLNC Purchased by Hel Ved Capital Management Ltd

Hel Ved Capital Management Ltd acquired a new position in Fluence Energy, Inc. (NASDAQ:FLNC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 87,700 shares of the company’s stock, valued at approximately $1,735,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Curio Wealth LLC acquired a new stake in Fluence Energy in the fourth quarter worth about $31,000. State of Wyoming acquired a new stake in Fluence Energy in the fourth quarter worth about $36,000. GAMMA Investing LLC increased its position in Fluence Energy by 22.2% in the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after purchasing an additional 437 shares during the period. Advisory Services Network LLC acquired a new stake in Fluence Energy in the third quarter worth about $48,000. Finally, Quantbot Technologies LP acquired a new stake in Fluence Energy in the third quarter worth about $51,000. 53.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Heynitz Harald Von sold 10,000 shares of Fluence Energy stock in a transaction dated Wednesday, March 18th. The stock was 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 in the company, valued at $1,048,575. The trade was a 13.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Qatar Investment Authority sold 2,867,172 shares of Fluence Energy stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $21.00, for a total value of $60,210,612.00. Following the transaction, the insider owned 11,801,103 shares in the company, valued at $247,823,163. This trade represents a 19.55% 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 Price Performance

Shares of FLNC opened at $23.71 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 0.85. Fluence Energy, Inc. has a 1 year low of $4.68 and a 1 year high of $33.51. The stock has a market cap of $4.37 billion, a P/E ratio of -65.86 and a beta of 2.77. The stock’s 50-day moving average price is $18.21 and its two-hundred day moving average price is $19.50.

Fluence Energy (NASDAQ:FLNC) last issued its earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $464.89 million for the quarter, compared to analysts’ expectations of $614.93 million. During the same quarter last year, the business earned ($0.24) earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. On average, equities analysts predict that Fluence Energy, Inc. will post -0.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $22.00 price objective on shares of Fluence Energy in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised their target price on Fluence Energy from $13.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Guggenheim upgraded Fluence Energy from a “sell” rating to a “neutral” rating in a report on Thursday, March 19th. Barclays reduced their target price on Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. Finally, Needham & Company LLC began coverage on Fluence Energy in a report on Friday, March 20th. They set a “hold” rating on the stock. Five equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.47.

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.