Fluence Energy, Inc. $FLNC Shares Sold by Ardsley Advisory Partners LP

Key Points

• Ardsley Advisory Partners LP significantly reduced its stake in Fluence Energy by 70.9%, selling 365,000 shares and now holding 150,000 shares worth $728,000.
• Fluence Energy experienced a 6.4% decline in its stock price, trading at approximately $6.93, with a twelve-month range between $3.46 and $24.00.
• Analysts have mixed ratings on Fluence Energy, with four "Buy" ratings, seventeen "Hold" ratings, and three "Sell" ratings, leading to a consensus rating of "Hold" and a target price around $8.08.

Ardsley Advisory Partners LP trimmed its position in Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 70.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 150,000 shares of the company's stock after selling 365,000 shares during the period. Ardsley Advisory Partners LP owned about 0.08% of Fluence Energy worth $728,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FLNC. Envestnet Asset Management Inc. boosted its holdings in shares of Fluence Energy by 47.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 13,317 shares of the company's stock worth $211,000 after purchasing an additional 4,285 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Fluence Energy by 22.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,134,173 shares of the company's stock worth $18,013,000 after purchasing an additional 207,784 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Fluence Energy by 827.1% during 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. Hsbc Holdings PLC boosted its holdings in shares of Fluence Energy by 111.3% during the 4th quarter. Hsbc Holdings PLC now owns 19,621 shares of the company's stock worth $313,000 after purchasing an additional 10,334 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Fluence Energy by 21.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,375 shares of the company's stock worth $499,000 after purchasing an additional 5,488 shares during the last quarter. 53.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on FLNC. Susquehanna boosted their target price on Fluence Energy from $6.00 to $11.00 and gave the stock a "positive" rating in a report on Monday, July 21st. Hsbc Global Res lowered Fluence Energy from a "hold" rating to a "moderate sell" rating in a research report on Wednesday, August 13th. Mizuho reissued a "neutral" rating and issued a $10.00 target price (up previously from $6.00) on shares of Fluence Energy in a research report on Monday, July 14th. Barclays cut 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, Royal Bank Of Canada cut their target price on Fluence Energy from $8.00 to $7.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 13th. Four investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $8.08.

Fluence Energy Stock Down 6.4%

Fluence Energy stock opened at $6.93 on Wednesday. Fluence Energy, Inc. has a twelve month low of $3.46 and a twelve month high of $24.00. The stock's fifty day simple moving average is $8.05 and its 200-day simple moving average is $6.05. The company has a current ratio of 1.64, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $1.26 billion, a P/E ratio of -33.00 and a beta of 2.66.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.03. The business had revenue of $602.53 million for the quarter, compared to analyst estimates 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. As a group, equities analysts expect that Fluence Energy, Inc. will post 0.08 earnings per share 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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