Advisors Asset Management Inc. Buys 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. increased its stake in Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 112.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,285 shares of the company's stock after acquiring an additional 49,414 shares during the quarter. Advisors Asset Management Inc. owned 0.05% of Fluence Energy worth $452,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Ameriprise Financial Inc. increased its stake 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 valued at $6,988,000 after acquiring an additional 1,734 shares in the last quarter. Alps Advisors Inc. increased its stake in shares of Fluence Energy by 2.5% in the 1st quarter. Alps Advisors Inc. now owns 99,891 shares of the company's stock valued at $484,000 after acquiring an additional 2,444 shares in the last quarter. Vident Advisory LLC increased its stake in shares of Fluence Energy by 19.8% in the 1st quarter. Vident Advisory LLC now owns 16,694 shares of the company's stock valued at $81,000 after acquiring an additional 2,764 shares in the last quarter. Moors & Cabot Inc. increased its stake in shares of Fluence Energy by 7.0% in the 1st quarter. Moors & Cabot Inc. now owns 56,250 shares of the company's stock valued at $273,000 after acquiring an additional 3,675 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Fluence Energy by 32.0% during the 4th quarter. ProShare Advisors LLC now owns 21,110 shares of the company's stock valued at $335,000 after purchasing an additional 5,120 shares in the last quarter. Institutional investors own 53.16% of the company's stock.

Fluence Energy Stock Performance

NASDAQ FLNC opened at $6.76 on Thursday. The company has a fifty day moving average price of $8.09 and a 200-day moving average price of $6.06. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 1.06. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -32.19 and a beta of 2.66. Fluence Energy, Inc. has a 1 year low of $3.46 and a 1 year high of $24.00.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its quarterly 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 company had revenue of $602.53 million for the quarter, compared to the consensus estimate 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 for the quarter was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FLNC. Hsbc Global Res lowered shares of Fluence Energy from a "hold" rating to a "moderate sell" rating in a research note on Wednesday, August 13th. HSBC lowered shares of Fluence Energy from a "hold" rating to a "reduce" rating and set a $5.00 price target for the company. in a research note on Wednesday, August 13th. UBS Group boosted their price target on shares of Fluence Energy from $6.00 to $8.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. JPMorgan Chase & Co. boosted their price target on shares of Fluence Energy from $5.00 to $8.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Jefferies Financial Group restated an "underperform" rating and set a $6.00 price target on shares of Fluence Energy in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $8.08.

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.

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