Quantbot Technologies LP Purchases New Holdings in Fluence Energy, Inc. $FLNC

Key Points

• Quantbot Technologies LP invested approximately $260,000 in Fluence Energy, acquiring 53,617 shares as of its latest filing with the SEC.
• Fluence Energy's stock currently has an average target price of $8.08, with four analysts rating it as a Buy, seventeen as Hold, and three as Sell.
• Despite a recent earnings beat, Fluence Energy reported a negative net margin of -0.76% and a revenue of $602.53 million for the last quarter, which was below analyst estimates.

Quantbot Technologies LP purchased a new position in Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 53,617 shares of the company's stock, valued at approximately $260,000.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. increased its holdings 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 worth $39,000 after acquiring an additional 6,648 shares in the last quarter. Silverlake Wealth Management LLC bought a new stake in shares of Fluence Energy in the first quarter worth about $56,000. Alpha Wealth Funds LLC bought a new stake in shares of Fluence Energy in the first quarter worth about $63,000. Stratos Wealth Partners LTD. bought a new stake in shares of Fluence Energy in the first quarter worth about $82,000. Finally, 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 acquiring an additional 4,921 shares in the last quarter. 53.16% of the stock is currently owned by institutional investors.

Fluence Energy Stock Down 6.4%

NASDAQ FLNC traded down $0.47 during trading hours on Tuesday, hitting $6.93. 3,343,003 shares of the company traded hands, compared to its average volume of 3,965,781. The business's 50-day moving average is $8.05 and its 200-day moving average is $6.05. Fluence Energy, Inc. has a twelve month low of $3.46 and a twelve month high of $24.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.64. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -33.00 and a beta of 2.66.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.01 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 firm had revenue of $602.53 million during the quarter, compared to analysts' expectations of $738.52 million. The firm'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. Sell-side analysts anticipate that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. HSBC downgraded Fluence Energy from a "hold" rating to a "reduce" rating and set a $5.00 price target for the company. in a report on Wednesday, August 13th. Barclays reduced their price objective on Fluence Energy from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 12th. Seaport Res Ptn cut Fluence Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Morgan Stanley upped their price objective on Fluence Energy from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. upped their price objective on Fluence Energy from $5.00 to $8.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Fluence Energy currently has a consensus rating of "Hold" and an average price target of $8.08.

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.