Ardsley Advisory Partners LP Acquires 505,000 Shares of Fluence Energy, Inc. (NASDAQ:FLNC)

Ardsley Advisory Partners LP lifted its position in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 5,050.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 515,000 shares of the company's stock after purchasing an additional 505,000 shares during the quarter. Fluence Energy comprises approximately 1.3% of Ardsley Advisory Partners LP's holdings, making the stock its 23rd largest holding. Ardsley Advisory Partners LP owned approximately 0.28% of Fluence Energy worth $8,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Duff & Phelps Investment Management Co. grew its stake in shares of Fluence Energy by 5.6% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 27,192 shares of the company's stock valued at $432,000 after buying an additional 1,432 shares in the last quarter. Lazard Freres Gestion S.A.S. grew its position in Fluence Energy by 7.3% in the fourth quarter. Lazard Freres Gestion S.A.S. now owns 22,180 shares of the company's stock valued at $352,000 after acquiring an additional 1,500 shares in the last quarter. KBC Group NV raised its stake in shares of Fluence Energy by 1.6% during the fourth quarter. KBC Group NV now owns 108,296 shares of the company's stock valued at $1,720,000 after purchasing an additional 1,671 shares during the period. Swiss National Bank lifted its position in shares of Fluence Energy by 1.4% during the fourth quarter. Swiss National Bank now owns 126,800 shares of the company's stock worth $2,014,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Altshuler Shaham Ltd purchased a new position in shares of Fluence Energy in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 53.16% of the company's stock.

Fluence Energy Trading Up 2.0 %

Shares of FLNC stock traded up $0.09 on Thursday, hitting $4.60. The stock had a trading volume of 10,027,120 shares, compared to its average volume of 3,506,649. The firm has a market cap of $835.13 million, a P/E ratio of -92.00 and a beta of 2.49. Fluence Energy, Inc. has a twelve month low of $3.46 and a twelve month high of $26.12. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average price of $4.61 and a two-hundred day moving average price of $11.96.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.03). Fluence Energy had a negative net margin of 0.08% and a negative return on equity of 0.36%. The business had revenue of $431.62 million for the quarter, compared to the consensus estimate of $328.17 million. During the same quarter last year, the firm earned ($0.07) EPS. The company's revenue for the quarter was down 30.7% on a year-over-year basis. As a group, analysts forecast that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Susquehanna cut their target price on Fluence Energy from $10.00 to $8.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group dropped their price target on Fluence Energy from $26.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. lowered shares of Fluence Energy from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $14.00 to $7.00 in a research note on Friday, April 11th. Citigroup cut their price target on Fluence Energy from $24.00 to $10.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Finally, BMO Capital Markets lowered shares of Fluence Energy from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $22.00 to $10.00 in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Fluence Energy has a consensus rating of "Hold" and a consensus price target of $10.64.

Insider Buying and Selling

In related news, Director Herman E. Bulls acquired 30,000 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $6.53 per share, for a total transaction of $195,900.00. Following the purchase, the director now directly owns 105,861 shares in the company, valued at approximately $691,272.33. This trade represents a 39.55 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Julian Nebreda purchased 23,500 shares of the company's stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $6.35 per share, for a total transaction of $149,225.00. Following the completion of the transaction, the chief executive officer now directly owns 120,455 shares of the company's stock, valued at approximately $764,889.25. This represents a 24.24 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 79,000 shares of company stock worth $499,665. 0.65% of the stock is owned by corporate insiders.

Fluence Energy Company Profile

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.