Mercuria Capital Strategies LLC Acquires New Holdings in Fluence Energy, Inc. $FLNC

Key Points

• Mercuria Capital Strategies LLC acquired a new stake in Fluence Energy, purchasing 500,000 shares valued at approximately $3.36 million, making it the fund's 9th largest position.
• Fluence Energy reported a quarterly revenue increase of 24.7% year-over-year, but fell short of analysts' expectations, generating $602.53 million compared to the anticipated $738.52 million.
• The stock of Fluence Energy has received mixed analyst ratings, with an average price target of $8.73, showing four Buy, seventeen Hold, and four Sell ratings from various analysts.

Mercuria Capital Strategies LLC acquired a new stake in Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 500,000 shares of the company's stock, valued at approximately $3,355,000. Fluence Energy accounts for about 0.9% of Mercuria Capital Strategies LLC's holdings, making the stock its 9th largest position. Mercuria Capital Strategies LLC owned approximately 0.28% of Fluence Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CenterBook Partners LP purchased a new stake in Fluence Energy during the first quarter worth about $12,458,000. Goldman Sachs Group Inc. increased its stake in Fluence Energy by 189.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company's stock worth $15,380,000 after purchasing an additional 2,076,668 shares during the period. Edgestream Partners L.P. purchased a new stake in Fluence Energy during the first quarter worth about $4,180,000. AQR Capital Management LLC increased its stake in Fluence Energy by 1,441.8% during the first quarter. AQR Capital Management LLC now owns 900,674 shares of the company's stock worth $4,368,000 after purchasing an additional 842,257 shares during the period. Finally, PDT Partners LLC grew its position in shares of Fluence Energy by 2,140.2% during the first quarter. PDT Partners LLC now owns 585,084 shares of the company's stock worth $2,838,000 after buying an additional 558,967 shares in the last quarter. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

Fluence Energy Stock Performance

Shares of FLNC opened at $14.96 on Thursday. The stock has a 50 day moving average price of $8.93 and a 200 day moving average price of $6.78. The company has a quick ratio of 1.06, a current ratio of 1.64 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of -71.24 and a beta of 2.76. Fluence Energy, Inc. has a 52-week low of $3.46 and a 52-week high of $24.00.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $602.53 million during the quarter, compared to analysts' expectations of $738.52 million. The company's quarterly revenue was up 24.7% on a year-over-year basis. Fluence Energy has set its FY 2025 guidance at EPS. Research analysts predict that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

FLNC has been the subject of a number of analyst reports. Mizuho reissued a "neutral" rating and set a $10.00 price objective (up from $6.00) on shares of Fluence Energy in a research report on Monday, July 14th. Hsbc Global Res downgraded Fluence Energy from a "hold" rating to a "moderate sell" rating in a research report on Wednesday, August 13th. Jefferies Financial Group reissued an "underperform" rating and set a $6.00 price objective on shares of Fluence Energy in a research report on Friday, July 11th. Royal Bank Of Canada lowered their price objective on Fluence Energy from $8.00 to $7.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 13th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Fluence Energy in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $8.73.

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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