American Century Companies Inc. Takes Position in Fluence Energy, Inc. $FLNC

Key Points

• American Century Companies Inc. has acquired 77,614 shares of Fluence Energy, Inc. (NASDAQ: FLNC), valued at approximately $376,000, as part of their new position in the company.
• Institutional investors collectively own 53.16% of Fluence Energy’s stock, reflecting growing interest from various funds.
• Analysts have mixed ratings on Fluence Energy, with a consensus target price of $8.08, indicating a generally cautious outlook despite some Buy ratings.

American Century Companies Inc. bought a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 77,614 shares of the company's stock, valued at approximately $376,000.

Several other large investors also recently added to or reduced their stakes in FLNC. CenterBook Partners LP purchased a new stake in Fluence Energy in the 1st quarter worth about $12,458,000. Zimmer Partners LP increased its holdings in Fluence Energy by 757.7% in the 4th quarter. Zimmer Partners LP now owns 2,144,301 shares of the company's stock worth $34,052,000 after acquiring an additional 1,894,301 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Fluence Energy in the 1st quarter worth about $4,180,000. Point72 Asset Management L.P. increased its holdings in Fluence Energy by 63.5% in the 4th quarter. Point72 Asset Management L.P. now owns 1,570,550 shares of the company's stock worth $24,940,000 after acquiring an additional 610,229 shares during the last quarter. Finally, SIR Capital Management L.P. purchased a new stake in Fluence Energy in the 4th quarter worth about $9,605,000. Hedge funds and other institutional investors own 53.16% of the company's stock.

Fluence Energy Price Performance

Shares of NASDAQ FLNC traded up $0.18 during trading hours on Thursday, reaching $6.94. 4,148,174 shares of the stock traded hands, compared to its average volume of 3,912,417. The company's 50-day simple moving average is $8.06 and its two-hundred day simple moving average is $6.06. The company has a market capitalization of $1.27 billion, a P/E ratio of -33.05 and a beta of 2.66. Fluence Energy, Inc. has a 52-week low of $3.46 and a 52-week high of $24.00. The company has a quick ratio of 1.06, a current ratio of 1.64 and a debt-to-equity ratio of 0.75.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.03. The business had revenue of $602.53 million for the quarter, compared to analysts' expectations of $738.52 million. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. The firm's revenue was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. Equities research analysts forecast that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. HSBC lowered Fluence Energy from a "hold" rating to a "reduce" rating and set a $5.00 price objective for the company. in a report on Wednesday, August 13th. Mizuho reissued a "neutral" rating and issued a $10.00 price objective (up previously from $6.00) on shares of Fluence Energy in a report on Monday, July 14th. Hsbc Global Res cut Fluence Energy from a "hold" rating to a "moderate sell" rating in a research report on Wednesday, August 13th. Barclays cut their price objective on shares of Fluence Energy from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 12th. Finally, Jefferies Financial Group reaffirmed an "underperform" rating and set a $6.00 target price on shares of Fluence Energy in a report on Friday, July 11th. Four analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Fluence Energy presently has an average rating of "Hold" and an average target price of $8.08.

About Fluence Energy

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.