Alpha Wave Global LP Lowers Stock Holdings in Fluence Energy, Inc. $FLNC

Key Points

• Alpha Wave Global LP reduced its position by 47.3%, selling 309,748 shares in Q3 and leaving 345,247 shares (about 0.19% of Fluence, ~$3.73M), making FLNC its 20th largest holding.
• Analyst views are mixed — four Buys, twelve Holds and four Sells — resulting in an average rating of "Hold" and a consensus price target of $16.25, though Canaccord and Citi recently lifted targets to $25 and $20 respectively.
• Fluence delivered strong top-line growth with Q revenue up 154.4% YoY to $475.2M but missed EPS estimates (reported -$0.34 vs. -$0.18 expected) and remains unprofitable with negative net margin and ROE.

Alpha Wave Global LP reduced its position in Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 47.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 345,247 shares of the company's stock after selling 309,748 shares during the quarter. Fluence Energy accounts for about 0.4% of Alpha Wave Global LP's holdings, making the stock its 20th largest holding. Alpha Wave Global LP owned approximately 0.19% of Fluence Energy worth $3,729,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of Fluence Energy during the third quarter worth approximately $51,000. Ameritas Investment Partners Inc. lifted its position in Fluence Energy by 25.7% in the second quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company's stock valued at $52,000 after purchasing an additional 1,586 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Fluence Energy during the second quarter valued at approximately $67,000. Chesley Taft & Associates LLC bought a new position in shares of Fluence Energy in the third quarter worth approximately $110,000. Finally, Cornerstone Capital Inc. bought a new position in shares of Fluence Energy in the third quarter worth approximately $130,000. 53.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FLNC has been the subject of several analyst reports. Canaccord Genuity Group increased their price target on shares of Fluence Energy from $10.00 to $25.00 and gave the company a "buy" rating in a research report on Wednesday, November 26th. Citigroup lifted their price objective on Fluence Energy from $7.50 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 3rd. Weiss Ratings restated a "sell (d)" rating on shares of Fluence Energy in a report on Monday, December 29th. Mizuho set a $13.00 price target on Fluence Energy in a research note on Friday, February 6th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $12.00 price target on shares of Fluence Energy in a report on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $16.25.

Fluence Energy Stock Performance

FLNC opened at $16.38 on Friday. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of -37.23 and a beta of 2.99. Fluence Energy, Inc. has a fifty-two week low of $3.46 and a fifty-two week high of $33.51. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.08 and a current ratio of 1.48. The company has a fifty day moving average of $21.24 and a 200 day moving average of $17.83.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported ($0.34) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.16). Fluence Energy had a negative net margin of 2.04% and a negative return on equity of 10.10%. The firm had revenue of $475.23 million for the quarter, compared to analysts' expectations of $444.23 million. During the same quarter in the previous year, the business earned ($0.32) EPS. The company's revenue for the quarter was up 154.4% on a year-over-year basis. As a group, sell-side analysts forecast that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Fluence Energy Company Profile

Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.

The company's core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.

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