EagleClaw Capital Managment LLC Has $345,000 Stock Position in Fluence Energy, Inc. (NASDAQ:FLNC)

Key Points

• EagleClaw Capital Management LLC reduced its stake in Fluence Energy by 61.3%, now holding 71,200 shares valued at approximately $345,000.
• Analysts have provided mixed ratings for Fluence Energy, with two sell ratings, nineteen hold ratings, and four buy ratings, leading to a consensus rating of "Hold" and an average price target of $7.98.
• Fluence Energy reported a loss of $0.24 EPS for the quarter, missing estimates, despite revenue of $431.62 million which exceeded expectations.

EagleClaw Capital Managment LLC cut its stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 61.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,200 shares of the company's stock after selling 112,575 shares during the period. EagleClaw Capital Managment LLC's holdings in Fluence Energy were worth $345,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of FLNC. Altshuler Shaham Ltd bought a new stake in shares of Fluence Energy during the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. grew its stake in shares of Fluence Energy by 462.6% in the first quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company's stock valued at $39,000 after buying an additional 6,648 shares in the last quarter. Silverlake Wealth Management LLC acquired a new position in Fluence Energy during the first quarter worth $56,000. Alpha Wealth Funds LLC bought a new stake in Fluence Energy during the first quarter worth $63,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Fluence Energy in the first quarter valued at $82,000. 53.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FLNC. HSBC downgraded shares of Fluence Energy from a "buy" rating to a "hold" rating and set a $4.00 price objective for the company. in a research report on Monday, April 28th. Piper Sandler reduced their price target on Fluence Energy from $10.00 to $4.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Morgan Stanley upped their price objective on Fluence Energy from $4.00 to $5.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. The Goldman Sachs Group cut their price objective on Fluence Energy from $9.00 to $8.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. lifted 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. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $7.98.

Insider Buying and Selling

In related news, Director Cynthia A. Arnold acquired 33,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was purchased at an average cost of $5.90 per share, with a total value of $194,700.00. Following the acquisition, the director directly owned 86,202 shares of the company's stock, valued at approximately $508,591.80. The trade was a 62.03% increase in their ownership of the stock. 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 currently owned by company insiders.

Fluence Energy Price Performance

Shares of Fluence Energy stock opened at $8.12 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.51 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -36.91 and a beta of 2.65. Fluence Energy, Inc. has a twelve month low of $3.46 and a twelve month high of $24.00. The company has a 50-day simple moving average of $6.69 and a two-hundred day simple moving average of $6.89.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.03). The business had revenue of $431.62 million for the quarter, compared to the consensus estimate of $328.17 million. Fluence Energy had a negative return on equity of 4.40% and a negative net margin of 1.10%. The firm's revenue for the quarter was down 30.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.07) earnings per share. Analysts forecast that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Fluence Energy 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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