Counterpoint Mutual Funds LLC Buys Shares of 71,086 Fluence Energy, Inc. $FLNC

Key Points

• Counterpoint Mutual Funds LLC acquired 71,086 shares of Fluence Energy, Inc. valued at approximately $477,000 in the 2nd quarter.
• Fluence Energy's stock has seen a price increase of 13.2%, with a market capitalization of $1.93 billion and a current stock price of $10.60.
• The company's latest earnings report showed a revenue of $602.53 million, which was below analysts' expectations of $738.52 million, but earnings per share exceeded predictions.

Counterpoint Mutual Funds LLC bought a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 71,086 shares of the company's stock, valued at approximately $477,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bryce Point Capital LLC purchased a new position in Fluence Energy during the 1st quarter valued at about $591,000. Janney Montgomery Scott LLC purchased a new position in Fluence Energy during the 1st quarter valued at about $403,000. Mizuho Markets Americas LLC grew its stake in Fluence Energy by 343.1% during the 1st quarter. Mizuho Markets Americas LLC now owns 281,185 shares of the company's stock valued at $1,364,000 after acquiring an additional 217,725 shares in the last quarter. Federated Hermes Inc. grew its stake in Fluence Energy by 2,409.2% during the 1st quarter. Federated Hermes Inc. now owns 541,168 shares of the company's stock valued at $2,625,000 after acquiring an additional 519,601 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in Fluence Energy by 616.2% during the 1st quarter. Hsbc Holdings PLC now owns 140,534 shares of the company's stock valued at $669,000 after acquiring an additional 120,913 shares in the last quarter. Hedge funds and other institutional investors own 53.16% of the company's stock.

Fluence Energy Stock Up 13.2%

FLNC opened at $10.60 on Tuesday. Fluence Energy, Inc. has a 1-year low of $3.46 and a 1-year high of $24.00. The company has a current ratio of 1.64, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -50.48 and a beta of 2.66. The business has a 50 day moving average of $8.04 and a 200-day moving average of $6.19.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. Fluence Energy had a negative return on equity of 3.42% and a negative net margin of 0.76%.The company had revenue of $602.53 million during the quarter, compared to analysts' expectations of $738.52 million. Fluence Energy's quarterly revenue was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on FLNC. Seaport Res Ptn cut Fluence Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Barclays lowered their target price on Fluence Energy from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 12th. Jefferies Financial Group reissued an "underperform" rating and issued a $6.00 price target on shares of Fluence Energy in a research note on Friday, July 11th. HSBC downgraded Fluence Energy from a "hold" rating to a "reduce" rating and set a $5.00 price objective on the stock. in a report on Wednesday, August 13th. Finally, Susquehanna increased their price objective on Fluence Energy from $6.00 to $11.00 and gave the stock a "positive" rating in a report on Monday, July 21st. Four analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Fluence Energy presently has an average rating of "Hold" and an average target price of $8.13.

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.

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