Invesco Ltd. Increases Holdings in Fluence Energy, Inc. $FLNC

Key Points

• Invesco Ltd. increased its holdings in Fluence Energy by 152.4%, acquiring 558,498 additional shares for a total of 925,011 shares valued at approximately $4.48 million.
• Fluence Energy reported a 24.7% year-over-year revenue growth, with quarterly earnings of $0.01 per share, surpassing estimates despite a lower revenue figure than expected.
• Analysts maintain a consensus rating of "Hold" for Fluence Energy, with varied price targets ranging from $5.00 to $11.00, reflecting differing outlooks on the stock's performance.

Invesco Ltd. increased its holdings in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 152.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 925,011 shares of the company's stock after purchasing an additional 558,498 shares during the period. Invesco Ltd. owned approximately 0.51% of Fluence Energy worth $4,486,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. CenterBook Partners LP acquired a new stake in Fluence Energy in the first quarter valued at approximately $12,458,000. Zimmer Partners LP grew its stake in Fluence Energy by 757.7% in the fourth quarter. Zimmer Partners LP now owns 2,144,301 shares of the company's stock valued at $34,052,000 after acquiring an additional 1,894,301 shares during the period. Point72 Asset Management L.P. grew its stake in Fluence Energy by 63.5% in the fourth quarter. Point72 Asset Management L.P. now owns 1,570,550 shares of the company's stock valued at $24,940,000 after acquiring an additional 610,229 shares during the period. Dimensional Fund Advisors LP grew 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. Finally, Nuveen Asset Management LLC grew its stake in Fluence Energy by 11.9% in the fourth quarter. Nuveen Asset Management LLC now owns 1,076,682 shares of the company's stock valued at $17,098,000 after acquiring an additional 114,525 shares during the period. Institutional investors and hedge funds own 53.16% of the company's stock.

Fluence Energy Stock Performance

FLNC stock traded down $0.35 during mid-day trading on Friday, hitting $7.40. The company had a trading volume of 2,529,551 shares, compared to its average volume of 4,182,435. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.64. The firm has a market cap of $1.35 billion, a PE ratio of -35.24 and a beta of 2.67. Fluence Energy, Inc. has a 12 month low of $3.46 and a 12 month high of $24.00. The stock's fifty day moving average price is $8.00 and its two-hundred day moving average price is $6.04.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.03. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. The company had revenue of $602.53 million during the quarter, compared to analyst estimates of $738.52 million. The company's revenue was up 24.7% on a year-over-year basis. Fluence Energy has set its FY 2025 guidance at EPS. On average, analysts forecast that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FLNC. Susquehanna raised their price objective on Fluence Energy from $6.00 to $11.00 and gave the company a "positive" rating in a research note on Monday, July 21st. Barclays decreased their price objective on Fluence Energy from $9.00 to $8.00 and set an "equal weight" rating for the company in a report on Tuesday, August 12th. Hsbc Global Res downgraded Fluence Energy from a "hold" rating to a "moderate sell" rating in a research note on Wednesday, August 13th. HSBC cut Fluence Energy from a "hold" rating to a "reduce" rating and set a $5.00 target price on the stock. in a research report on Wednesday, August 13th. Finally, Mizuho reissued a "neutral" rating and issued a $10.00 price target (up from $6.00) on shares of Fluence Energy in a research report on Monday, July 14th. Four investment 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $8.08.

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.