PDT Partners LLC Buys 558,967 Shares of Fluence Energy, Inc. $FLNC

Key Points

• PDT Partners LLC drastically increased its stake in Fluence Energy, Inc. by 2,140.2%, acquiring a total of 585,084 shares valued at approximately $2.84 million as of its latest SEC filing.
• Fluence Energy reported a quarterly EPS of $0.01, surpassing forecasts, but its revenue of $602.53 million fell short of analyst expectations of $738.52 million.
• Research firms have varying views on Fluence Energy, with Mizuho maintaining a "neutral" rating and a price target increase to $10, while others like Goldman Sachs lowered their price target from $9.00 to $8.00.

PDT Partners LLC lifted its position in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 2,140.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 585,084 shares of the company's stock after purchasing an additional 558,967 shares during the period. PDT Partners LLC owned 0.32% of Fluence Energy worth $2,838,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Envestnet Asset Management Inc. grew its position in shares of Fluence Energy by 47.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 13,317 shares of the company's stock worth $211,000 after purchasing an additional 4,285 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Fluence Energy by 22.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,134,173 shares of the company's stock valued at $18,013,000 after purchasing an additional 207,784 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Fluence Energy by 7.8% in the 4th quarter. MetLife Investment Management LLC now owns 37,557 shares of the company's stock valued at $596,000 after purchasing an additional 2,718 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Fluence Energy by 827.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,516 shares of the company's stock valued at $88,000 after acquiring an additional 4,921 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Fluence Energy by 111.3% during the fourth quarter. Hsbc Holdings PLC now owns 19,621 shares of the company's stock valued at $313,000 after acquiring an additional 10,334 shares during the last quarter. Institutional investors and hedge funds own 53.16% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FLNC shares. Seaport Res Ptn lowered shares of Fluence Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. BMO Capital Markets set a $5.00 price target on shares of Fluence Energy and gave the company a "market perform" rating in a research note on Wednesday, June 25th. UBS Group lifted their price target on shares of Fluence Energy from $6.00 to $8.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. JPMorgan Chase & Co. boosted their target price on shares of Fluence Energy from $5.00 to $8.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Mizuho reissued a "neutral" rating and set a $10.00 target price (up from $6.00) on shares of Fluence Energy in a research report on Monday, July 14th. 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $8.08.

Fluence Energy Trading Up 11.9%

Shares of FLNC stock traded up $0.80 on Friday, hitting $7.55. 6,322,420 shares of the company's stock traded hands, compared to its average volume of 4,175,255. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.64. Fluence Energy, Inc. has a one year low of $3.46 and a one year high of $24.00. The company's fifty day simple moving average is $8.10 and its 200 day simple moving average is $6.06. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -35.95 and a beta of 2.66.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.03. The business had revenue of $602.53 million for 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%. The company's revenue for the quarter was up 24.7% on a year-over-year basis. Fluence Energy has set its FY 2025 guidance at EPS. Equities analysts forecast 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.