Nuveen LLC Invests $942,000 in Fluence Energy, Inc. $FLNC

Nuveen LLC bought a new position in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 194,273 shares of the company's stock, valued at approximately $942,000. Nuveen LLC owned about 0.11% of Fluence Energy at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FLNC. SBI Securities Co. Ltd. raised its position in shares of Fluence Energy by 462.6% in the first quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company's stock valued at $39,000 after buying an additional 6,648 shares during the last quarter. Silverlake Wealth Management LLC acquired a new position in shares of Fluence Energy in the first quarter valued at approximately $56,000. Alpha Wealth Funds LLC acquired a new position in shares of Fluence Energy in the first quarter valued at approximately $63,000. Stratos Wealth Partners LTD. purchased a new position in Fluence Energy during the first quarter worth about $82,000. Finally, Tower Research Capital LLC TRC lifted its position in Fluence Energy by 827.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,516 shares of the company's stock worth $88,000 after buying an additional 4,921 shares during the period. Institutional investors and hedge funds own 53.16% of the company's stock.

Fluence Energy Stock Up 9.3%

FLNC traded up $0.63 during trading hours on Friday, reaching $7.38. 4,505,148 shares of the stock traded hands, compared to its average volume of 5,164,268. The firm's fifty day simple moving average is $8.07 and its two-hundred day simple moving average is $6.06. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -35.12 and a beta of 2.66. Fluence Energy, Inc. has a fifty-two week low of $3.46 and a fifty-two week high of $24.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 1.06.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $602.53 million during the quarter, compared to analyst estimates of $738.52 million. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. Fluence Energy's revenue was up 24.7% on a year-over-year basis. Fluence Energy has set its FY 2025 guidance at EPS. As a group, analysts forecast that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FLNC has been the topic of several recent analyst reports. 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 reaffirmed an "underperform" rating and set a $6.00 price target on shares of Fluence Energy in a research report on Friday, July 11th. The Goldman Sachs Group dropped their price target on shares of Fluence Energy from $9.00 to $8.00 and set a "buy" rating for the company in a research report on Friday, May 9th. HSBC lowered shares of Fluence Energy from a "hold" rating to a "reduce" rating and set a $5.00 price target for the company. in a research report on Wednesday, August 13th. Finally, Seaport Res Ptn lowered shares of Fluence Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $8.08.

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.