Hussman Strategic Advisors Inc. Makes New $509,000 Investment in Fluence Energy, Inc. (NASDAQ:FLNC)

Hussman Strategic Advisors Inc. bought a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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.

Several other hedge funds also recently added to or reduced their stakes in the business. Altshuler Shaham Ltd purchased a new stake in Fluence Energy during the 4th quarter valued at about $34,000. SBI Securities Co. Ltd. boosted its position in 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 purchasing an additional 6,648 shares in the last quarter. Silverlake Wealth Management LLC purchased a new position in Fluence Energy during the first quarter worth approximately $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 position in shares of Fluence Energy in the first quarter valued at approximately $82,000. 53.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on FLNC. JPMorgan Chase & Co. raised 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. Barclays raised their target price on Fluence Energy from $5.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Jefferies Financial Group reissued an "underperform" rating and set a $6.00 target price on shares of Fluence Energy in a research note on Friday, July 11th. Hsbc Global Res cut Fluence Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 28th. Finally, Canaccord Genuity Group dropped their price objective on Fluence Energy from $14.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $7.98.

Insider Transactions at Fluence Energy

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

Fluence Energy Price Performance

FLNC traded up $0.68 during trading on Tuesday, reaching $10.21. The stock had a trading volume of 6,369,588 shares, compared to its average volume of 3,985,392. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of -46.41 and a beta of 2.65. 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 1-year low of $3.46 and a 1-year high of $24.00. The stock has a 50 day moving average of $6.17 and a two-hundred day moving average of $7.14.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.03). Fluence Energy had a negative net margin of 1.10% and a negative return on equity of 4.40%. The company had revenue of $431.62 million for the quarter, compared to analyst estimates of $328.17 million. During the same quarter last year, the company posted ($0.07) EPS. Fluence Energy's revenue was down 30.7% on a year-over-year basis. As a group, equities analysts anticipate 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.