Fluence Energy, Inc. (NASDAQ:FLNC) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its position in Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 101.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,621 shares of the company's stock after acquiring an additional 49,738 shares during the period. SG Americas Securities LLC owned about 0.05% of Fluence Energy worth $478,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Altshuler Shaham Ltd acquired a new position in Fluence Energy during the fourth quarter worth $34,000. Alpha Wealth Funds LLC acquired a new position in shares of Fluence Energy during the 1st quarter worth $63,000. Tower Research Capital LLC TRC increased its holdings in shares of Fluence Energy by 827.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,516 shares of the company's stock valued at $88,000 after purchasing an additional 4,921 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Fluence Energy in the first quarter valued at about $89,000. Finally, City Center Advisors LLC acquired a new position in Fluence Energy during the first quarter worth about $121,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Cynthia A. Arnold acquired 33,000 shares of Fluence Energy stock in a transaction dated Monday, May 12th. The shares were acquired at an average cost of $5.90 per share, with a total value of $194,700.00. Following the purchase, the director now directly owns 86,202 shares of the company's stock, valued at approximately $508,591.80. This trade represents a 62.03% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is currently owned by insiders.

Fluence Energy Trading Up 5.0%

Fluence Energy stock traded up $0.28 during trading on Tuesday, reaching $5.90. The company had a trading volume of 3,518,840 shares, compared to its average volume of 3,762,578. Fluence Energy, Inc. has a 12-month low of $3.46 and a 12-month high of $24.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 1.51. The stock's 50 day moving average price is $4.75 and its two-hundred day moving average price is $8.33. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -26.82 and a beta of 2.51.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.03). The company had revenue of $431.62 million for the quarter, compared to analysts' expectations of $328.17 million. Fluence Energy had a negative net margin of 1.10% and a negative return on equity of 4.40%. The firm's quarterly revenue was down 30.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.07) earnings per share. As a group, equities analysts expect that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Jefferies Financial Group lowered Fluence Energy from a "hold" rating to an "underperform" rating and decreased their price target for the stock from $4.00 to $3.00 in a research note on Thursday, May 15th. Barclays reissued an "equal weight" rating and issued a $5.00 target price (down previously from $9.00) on shares of Fluence Energy in a report on Tuesday, April 8th. Guggenheim cut their price target on Fluence Energy from $6.00 to $2.00 and set a "sell" rating for the company in a research note on Tuesday, April 15th. Mizuho lowered their price objective on shares of Fluence Energy from $7.00 to $6.00 and set an "outperform" rating on the stock in a research note on Monday, June 2nd. Finally, JPMorgan Chase & Co. cut shares of Fluence Energy from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $14.00 to $7.00 in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Fluence Energy currently has a consensus rating of "Hold" and a consensus target price of $8.12.

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.