Cwm LLC Purchases 39,809 Shares of Fluence Energy, Inc. (NASDAQ:FLNC)

Key Points

• Cwm LLC significantly increased its holdings in Fluence Energy, Inc. by purchasing 39,809 shares, leading to a total of 40,631 shares valued at $197,000.
• Several institutional investors have also raised their stakes in Fluence Energy, with Vanguard Group owning over 6 million shares after a recent additional purchase.
• A range of analyst ratings reflect varying outlooks on Fluence Energy, with price targets being adjusted downwards by several firms, while others maintain a "neutral" rating.

Cwm LLC grew its position in Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 4,842.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,631 shares of the company's stock after buying an additional 39,809 shares during the period. Cwm LLC's holdings in Fluence Energy were worth $197,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Fluence Energy by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 6,252,320 shares of the company's stock valued at $99,287,000 after buying an additional 110,256 shares in the last quarter. Zimmer Partners LP boosted its holdings in shares of Fluence Energy by 757.7% in the 4th quarter. Zimmer Partners LP now owns 2,144,301 shares of the company's stock valued at $34,052,000 after buying an additional 1,894,301 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Fluence Energy by 19.1% in the 4th quarter. Clearbridge Investments LLC now owns 1,849,301 shares of the company's stock valued at $29,367,000 after buying an additional 296,325 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of 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 valued at $24,940,000 after buying an additional 610,229 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Fluence Energy by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,513,219 shares of the company's stock valued at $24,035,000 after purchasing an additional 5,216 shares during the last quarter. 53.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FLNC has been the subject of several research analyst reports. Piper Sandler decreased their price objective on shares of Fluence Energy from $10.00 to $4.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. The Goldman Sachs Group decreased their price objective on shares of Fluence Energy from $9.00 to $8.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Guggenheim decreased their price objective on shares of Fluence Energy from $6.00 to $2.00 and set a "sell" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. raised their target price on Fluence Energy from $5.00 to $8.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Mizuho restated a "neutral" rating and issued a $10.00 target price (up previously from $6.00) on shares of Fluence Energy in a research note on Monday, July 14th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Fluence Energy has a consensus rating of "Hold" and an average price target of $7.98.

Insider Activity

In related news, Director Cynthia A. Arnold bought 33,000 shares of the stock in a transaction dated Monday, May 12th. The shares were acquired at an average cost of $5.90 per share, for a total transaction of $194,700.00. Following the acquisition, the director directly owned 86,202 shares in the company, valued at approximately $508,591.80. This trade represents a 62.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.65% of the stock is owned by insiders.

Fluence Energy Price Performance

Shares of NASDAQ FLNC opened at $9.38 on Monday. The firm has a market cap of $1.70 billion, a PE ratio of -42.64 and a beta of 2.65. The firm has a fifty day moving average of $6.50 and a 200 day moving average of $6.92. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 1.51. Fluence Energy, Inc. has a one year low of $3.46 and a one year high of $24.00.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.03). Fluence Energy had a negative return on equity of 4.40% and a negative net margin of 1.10%. The business had revenue of $431.62 million for the quarter, compared to analysts' expectations of $328.17 million. During the same period in the previous year, the company earned ($0.07) EPS. Fluence Energy's quarterly revenue was down 30.7% compared to the same quarter last year. As a group, research analysts predict that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

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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