Dimensional Fund Advisors LP Decreases Stake in Fluence Energy, Inc. $FLNC

Key Points

• Dimensional Fund Advisors cut its Fluence Energy stake by 85.8% in the first quarter, selling 472,330 shares and retaining 78,283 shares valued at approximately $1.08 million. Institutional investors collectively own 53.16% of the company.
• Analyst sentiment is mixed, with seven Buy, twelve Hold and four Sell ratings; the consensus rating is Hold with an average price target of $18.58.
• Fluence shares opened at $13.14, well below their 50-day and 200-day moving averages. The company reported a quarterly loss of $0.24 per share and revenue of $649.85 million, below the $818.57 million consensus estimate.

Dimensional Fund Advisors LP decreased its stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 85.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,283 shares of the company's stock after selling 472,330 shares during the quarter. Dimensional Fund Advisors LP's holdings in Fluence Energy were worth $1,077,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in Fluence Energy by 189.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company's stock valued at $15,380,000 after purchasing an additional 2,076,668 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Fluence Energy by 5,489.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company's stock valued at $60,247,000 after purchasing an additional 2,991,292 shares during the last quarter. UBS Group AG raised its stake in shares of Fluence Energy by 65.2% in the 4th quarter. UBS Group AG now owns 2,625,878 shares of the company's stock valued at $51,940,000 after acquiring an additional 1,036,423 shares during the period. Millennium Management LLC lifted its holdings in Fluence Energy by 11.3% in the 3rd quarter. Millennium Management LLC now owns 2,232,750 shares of the company's stock worth $24,114,000 after buying an additional 227,080 shares in the last quarter. Finally, Voloridge Investment Management LLC boosted its stake in Fluence Energy by 82.6% during the 3rd quarter. Voloridge Investment Management LLC now owns 1,965,083 shares of the company's stock valued at $21,223,000 after acquiring an additional 888,893 shares during the last quarter. Hedge funds and other institutional investors own 53.16% of the company's stock.

Analyst Upgrades and Downgrades

FLNC has been the subject of several analyst reports. Truist Financial initiated coverage on shares of Fluence Energy in a research report on Monday, July 13th. They set a "hold" rating and a $16.00 price target for the company. Glj Research initiated coverage on Fluence Energy in a report on Wednesday, July 1st. They issued a "buy" rating and a $26.00 target price on the stock. UBS Group increased their price target on shares of Fluence Energy from $8.00 to $9.00 and gave the stock a "sell" rating in a research report on Monday, May 11th. Royal Bank Of Canada reduced their price objective on Fluence Energy from $16.00 to $15.00 and set a "sector perform" rating for the company in a research report on Friday, August 7th. Finally, Wall Street Zen downgraded Fluence Energy from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. Seven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $18.58.

Insiders Place Their Bets

In related news, Director Heynitz Harald Von sold 5,000 shares of Fluence Energy stock in a transaction on Monday, June 15th. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the completion of the sale, the director directly owned 58,550 shares of the company's stock, valued at $1,463,750. The trade was a 7.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP John Zahurancik sold 15,974 shares of the company's stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $22.03, for a total value of $351,907.22. Following the completion of the sale, the senior vice president owned 71,171 shares of the company's stock, valued at $1,567,897.13. This represents a 18.33% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 36,974 shares of company stock valued at $879,787. 0.69% of the stock is owned by insiders.

Fluence Energy Trading Down 0.6%

Shares of FLNC opened at $13.14 on Friday. The stock's fifty day simple moving average is $17.30 and its 200-day simple moving average is $17.85. The firm has a market capitalization of $2.43 billion, a PE ratio of -21.54 and a beta of 2.78. Fluence Energy, Inc. has a 12-month low of $6.60 and a 12-month high of $33.51. The company has a quick ratio of 0.89, a current ratio of 1.34 and a debt-to-equity ratio of 0.91.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.24) earnings per share for the quarter. The firm had revenue of $649.85 million for the quarter, compared to the consensus estimate of $818.57 million. Fluence Energy had a negative return on equity of 16.79% and a negative net margin of 3.13%.The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 earnings per share. As a group, research analysts predict that Fluence Energy, Inc. will post -0.35 earnings per share for the current 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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