Fluence Energy, Inc. $FLNC Holdings Raised by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its stake in Fluence Energy by 616.2%, owning 140,534 shares valued at approximately $669,000 at the end of the latest reporting period.
• Analysts have mixed ratings on FLNC, with JPMorgan Chase raising the price target to $8.00, while Royal Bank of Canada and Barclays lowered their targets, maintaining varying assessment of the stock.
• Fluence Energy reported a modest earnings beat with $0.01 EPS against an estimate of ($0.02), although revenue was lower than expected at $602.53 million.

Hsbc Holdings PLC increased its position in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 616.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140,534 shares of the company's stock after purchasing an additional 120,913 shares during the quarter. Hsbc Holdings PLC owned 0.08% of Fluence Energy worth $669,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in shares of Fluence Energy by 47.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,317 shares of the company's stock worth $211,000 after buying an additional 4,285 shares during the last quarter. Raymond James Financial Inc. bought a new position in Fluence Energy in the fourth quarter worth about $1,221,000. Dimensional Fund Advisors LP boosted its stake in Fluence Energy by 22.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,134,173 shares of the company's stock valued at $18,013,000 after acquiring an additional 207,784 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Fluence Energy by 7.8% during the fourth quarter. MetLife Investment Management LLC now owns 37,557 shares of the company's stock valued at $596,000 after purchasing an additional 2,718 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Fluence Energy by 827.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,516 shares of the company's stock worth $88,000 after purchasing an additional 4,921 shares during the last quarter. Institutional investors own 53.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FLNC shares. JPMorgan Chase & Co. increased their price objective on shares of Fluence Energy from $5.00 to $8.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Royal Bank Of Canada cut their price target on Fluence Energy from $8.00 to $7.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 13th. Seaport Res Ptn lowered Fluence Energy from a "strong-buy" rating to a "hold" rating in a report 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 report on Tuesday, August 12th. Finally, UBS Group lifted their target price on Fluence Energy from $6.00 to $8.00 and gave the company a "neutral" rating in a research note on Wednesday. Four analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $8.08.

Fluence Energy Stock Performance

FLNC opened at $7.40 on Monday. The business has a 50 day moving average price of $8.00 and a two-hundred day moving average price of $6.04. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 1.06. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -35.24 and a beta of 2.66. Fluence Energy, Inc. has a 1-year low of $3.46 and a 1-year high of $24.00.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.03. The company had revenue of $602.53 million for the quarter, compared to the consensus estimate of $738.52 million. Fluence Energy had a negative return on equity of 3.42% and a negative net margin of 0.76%.The business's quarterly revenue was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. 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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