Canada Pension Plan Investment Board Purchases Shares of 92,500 Fluence Energy, Inc. (NASDAQ:FLNC)

Canada Pension Plan Investment Board bought a new position in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 92,500 shares of the company's stock, valued at approximately $1,469,000. Canada Pension Plan Investment Board owned 0.05% of Fluence Energy at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FLNC. Altshuler Shaham Ltd acquired a new position in shares of Fluence Energy in the 4th quarter valued at $34,000. Marshall Wace LLP increased its holdings in shares of Fluence Energy by 22.9% in the fourth quarter. Marshall Wace LLP now owns 40,688 shares of the company's stock worth $646,000 after acquiring an additional 7,588 shares in the last quarter. Jump Financial LLC raised its position in shares of Fluence Energy by 459.3% during the fourth quarter. Jump Financial LLC now owns 267,616 shares of the company's stock worth $4,250,000 after purchasing an additional 219,770 shares during the period. XTX Topco Ltd lifted its holdings in shares of Fluence Energy by 58.9% during the 4th quarter. XTX Topco Ltd now owns 57,742 shares of the company's stock valued at $917,000 after purchasing an additional 21,401 shares in the last quarter. Finally, Cohen & Steers Inc. bought a new position in Fluence Energy in the fourth quarter valued at approximately $685,000. Institutional investors own 53.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FLNC shares. HSBC lowered shares of Fluence Energy from a "buy" rating to a "hold" rating and set a $4.00 target price for the company. in a research note on Monday. Roth Mkm lowered shares of Fluence Energy from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $20.00 to $6.50 in a research report on Wednesday, February 12th. The Goldman Sachs Group lowered their price target on shares of Fluence Energy from $26.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Mizuho initiated coverage on shares of Fluence Energy in a research note on Wednesday, March 5th. They set an "outperform" rating and a $8.00 price objective for the company. Finally, JPMorgan Chase & Co. downgraded Fluence Energy from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $14.00 to $7.00 in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $10.64.

Fluence Energy Trading Up 0.1 %

Shares of FLNC stock traded up $0.01 during trading hours on Tuesday, hitting $4.11. 692,670 shares of the company's stock traded hands, compared to its average volume of 3,416,477. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.74. Fluence Energy, Inc. has a 12 month low of $3.46 and a 12 month high of $26.12. The stock has a market cap of $745.26 million, a PE ratio of -82.08 and a beta of 2.48. The stock's 50 day simple moving average is $4.91 and its 200 day simple moving average is $12.67.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.15). Fluence Energy had a negative return on equity of 0.36% and a negative net margin of 0.08%. On average, sell-side analysts anticipate that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Insider Activity

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