Hussman Strategic Advisors Inc. Acquires Shares of 105,000 Fluence Energy, Inc. (NASDAQ:FLNC)

Hussman Strategic Advisors Inc. acquired a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 105,000 shares of the company's stock, valued at approximately $509,000. Hussman Strategic Advisors Inc. owned approximately 0.06% of Fluence Energy at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new position in shares of Fluence Energy in the 4th quarter valued at $34,000. SBI Securities Co. Ltd. grew its holdings in shares of Fluence Energy by 462.6% during the first quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company's stock worth $39,000 after buying an additional 6,648 shares in the last quarter. Silverlake Wealth Management LLC purchased a new stake in shares of Fluence Energy during the first quarter worth $56,000. Alpha Wealth Funds LLC purchased a new position in Fluence Energy during the first quarter worth approximately $63,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Fluence Energy in the first quarter valued at about $82,000. Hedge funds and other institutional investors own 53.16% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on FLNC. UBS Group raised their target price on Fluence Energy from $4.50 to $6.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Guggenheim lowered their price target on Fluence Energy from $6.00 to $2.00 and set a "sell" rating for the company in a report on Tuesday, April 15th. Hsbc Global Res lowered Fluence Energy from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. Piper Sandler reduced their price objective on Fluence Energy from $10.00 to $4.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Finally, Morgan Stanley increased their target price 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. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Fluence Energy currently has a consensus rating of "Hold" and a consensus price target of $7.78.

Fluence Energy Stock Up 8.7%

NASDAQ FLNC traded up $0.72 on Friday, hitting $8.96. 5,297,758 shares of the stock were exchanged, compared to its average volume of 3,959,751. The company has a market cap of $1.63 billion, a PE ratio of -40.73 and a beta of 2.65. The company has a 50-day moving average price of $6.09 and a 200-day moving average price of $7.26. The company has a quick ratio of 0.99, a current ratio of 1.51 and a debt-to-equity ratio of 0.78. Fluence Energy, Inc. has a fifty-two week low of $3.46 and a fifty-two week high of $24.00.

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

Insider Buying and Selling

In other Fluence Energy news, Director Cynthia A. Arnold bought 33,000 shares of the stock in a transaction dated Monday, May 12th. The stock was bought at an average cost of $5.90 per share, for a total transaction of $194,700.00. Following the completion of the purchase, the director owned 86,202 shares in the company, valued at $508,591.80. This represents a 62.03% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.65% of the company's stock.

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.