Advisors Asset Management Inc. Purchases 49,414 Shares of Fluence Energy, Inc. $FLNC

Key Points

• Advisors Asset Management Inc. significantly increased its stake in Fluence Energy by 112.6%, acquiring an additional 49,414 shares, bringing its total holdings to 93,285 shares valued at $452,000.
• Fluence Energy reported earnings of $0.01 per share for the most recent quarter, exceeding analysts' expectations of a loss of ($0.02), although its revenue of $602.53 million fell short of the expected $738.52 million.
• Wall Street analysts have mixed ratings for Fluence Energy, with a consensus rating of "Hold" and price targets ranging from $5.00 to $8.00, indicating cautious sentiment among investors.

Advisors Asset Management Inc. raised its stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 112.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,285 shares of the company's stock after purchasing an additional 49,414 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.05% of Fluence Energy worth $452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its position in shares of Fluence Energy by 21.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,375 shares of the company's stock valued at $499,000 after buying an additional 5,488 shares during the period. Northern Trust Corp grew its holdings in shares of Fluence Energy by 3.9% during the 4th quarter. Northern Trust Corp now owns 597,881 shares of the company's stock worth $9,494,000 after acquiring an additional 22,308 shares during the period. Ameriprise Financial Inc. raised its position in shares of Fluence Energy by 0.4% in the 4th quarter. Ameriprise Financial Inc. now owns 440,002 shares of the company's stock worth $6,988,000 after acquiring an additional 1,734 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Fluence Energy in the 4th quarter valued at approximately $1,107,000. Finally, Bank of America Corp DE boosted its position in shares of Fluence Energy by 44.4% during the fourth quarter. Bank of America Corp DE now owns 578,750 shares of the company's stock valued at $9,191,000 after purchasing an additional 177,931 shares in the last quarter. 53.16% of the stock is owned by hedge funds and other institutional investors.

Fluence Energy Stock Performance

Shares of NASDAQ:FLNC traded up $0.11 during midday trading on Tuesday, reaching $7.50. 5,815,969 shares of the company's stock traded hands, compared to its average volume of 3,918,577. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.64. Fluence Energy, Inc. has a one year low of $3.46 and a one year high of $24.00. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -35.71 and a beta of 2.66. The stock has a 50 day moving average of $8.00 and a 200 day moving average of $6.09.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on FLNC. Mizuho reiterated 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. Susquehanna increased their price target on shares of Fluence Energy from $6.00 to $11.00 and gave the stock a "positive" rating in a research note on Monday, July 21st. Hsbc Global Res cut shares of Fluence Energy from a "hold" rating to a "moderate sell" rating in a research report on Wednesday, August 13th. BMO Capital Markets set a $5.00 price objective on shares of Fluence Energy and gave the stock a "market perform" rating in a report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Fluence Energy from $5.00 to $8.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target 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.