Ieq Capital LLC Purchases New Position in Fluence Energy, Inc. $FLNC

Key Points

• Ieq Capital LLC invested approximately $624,000 in Fluence Energy, acquiring 128,668 shares of the company during the first quarter.
• Fluence Energy reported a 24.7% increase in year-over-year revenue, totaling $602.53 million, and exceeded earnings expectations by reporting $0.01 EPS.
• Institutional investors currently own 53.16% of Fluence Energy's stock, with several funds significantly increasing their positions recently.

Ieq Capital LLC purchased a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 128,668 shares of the company's stock, valued at approximately $624,000. Ieq Capital LLC owned 0.07% of Fluence Energy as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FLNC. Envestnet Asset Management Inc. raised its holdings in Fluence Energy by 47.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 13,317 shares of the company's stock valued at $211,000 after acquiring an additional 4,285 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Fluence Energy by 22.4% in the fourth 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 increased its holdings in shares of Fluence Energy by 827.1% in the fourth 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 increased its holdings in shares of Fluence Energy by 111.3% in the fourth 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 increased its holdings in shares of Fluence Energy by 21.2% in the fourth 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 owned by institutional investors.

Analyst Upgrades and Downgrades

FLNC has been the topic of several research reports. JPMorgan Chase & Co. lifted their target price on Fluence Energy from $5.00 to $8.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. UBS Group lifted their target price on Fluence Energy from $6.00 to $8.00 and gave the stock a "neutral" rating in a report on Wednesday, August 27th. Hsbc Global Res cut Fluence Energy from a "hold" rating to a "moderate sell" rating in a report 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 report on Wednesday, August 13th. Finally, Royal Bank Of Canada reduced their target price 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. Four research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Fluence Energy has an average rating of "Hold" and a consensus target price of $8.08.

Fluence Energy Trading Down 4.4%

FLNC traded down $0.32 on Tuesday, hitting $6.90. The company had a trading volume of 1,225,648 shares, compared to its average volume of 5,137,738. Fluence Energy, Inc. has a 12-month low of $3.46 and a 12-month high of $24.00. The business's fifty day simple moving average is $8.11 and its 200 day simple moving average is $6.05. The company has a market cap of $1.26 billion, a PE ratio of -32.92 and a beta of 2.66. The company has a quick ratio of 1.06, a current ratio of 1.64 and a debt-to-equity ratio of 0.75.

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

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.