Vanguard Group Inc. Has $30.02 Million Stock Position in Fluence Energy, Inc. $FLNC

Key Points

• Vanguard Group Inc. has reduced its stake in Fluence Energy, Inc. by 1.0%, now owning approximately 3.41% of the company, valued at $30 million.
• Several hedge funds have increased their positions in Fluence, with Millennium Management LLC boosting their stake by 257.2% in the last quarter.
• Analysts are cautious about Fluence Energy's stock, with a consensus rating of "Hold" and target prices being lowered, including from Barclays to $8.00 and from HSBC to $5.00.

Vanguard Group Inc. lessened its holdings in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,188,866 shares of the company's stock after selling 63,454 shares during the quarter. Vanguard Group Inc. owned 3.41% of Fluence Energy worth $30,016,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Ameriprise Financial Inc. grew its stake in Fluence Energy by 0.4% during the 4th quarter. Ameriprise Financial Inc. now owns 440,002 shares of the company's stock valued at $6,988,000 after purchasing an additional 1,734 shares in the last quarter. Alps Advisors Inc. grew its position in shares of Fluence Energy by 2.5% in the 1st quarter. Alps Advisors Inc. now owns 99,891 shares of the company's stock worth $484,000 after acquiring an additional 2,444 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of Fluence Energy by 7.8% in the 4th quarter. MetLife Investment Management LLC now owns 37,557 shares of the company's stock worth $596,000 after acquiring an additional 2,718 shares in the last quarter. Vident Advisory LLC grew its position in shares of Fluence Energy by 35.8% in the 4th quarter. Vident Advisory LLC now owns 13,930 shares of the company's stock worth $221,000 after acquiring an additional 3,672 shares in the last quarter. Finally, Moors & Cabot Inc. grew its position in shares of Fluence Energy by 7.0% in the 1st quarter. Moors & Cabot Inc. now owns 56,250 shares of the company's stock worth $273,000 after acquiring an additional 3,675 shares in the last quarter. Institutional investors and hedge funds own 53.16% of the company's stock.

Fluence Energy Price Performance

Shares of NASDAQ FLNC traded down $0.35 during mid-day trading on Monday, reaching $7.40. The company had a trading volume of 2,529,551 shares, compared to its average volume of 4,109,519. The company has a current ratio of 1.64, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The stock has a market cap of $1.35 billion, a PE ratio of -35.24 and a beta of 2.66. The company has a 50-day moving average price of $8.00 and a two-hundred day moving average price of $6.04. Fluence Energy, Inc. has a 1-year low of $3.46 and a 1-year high of $24.00.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its 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. Fluence Energy had a negative return on equity of 3.42% and a negative net margin of 0.76%.The business had revenue of $602.53 million for the quarter, compared to analysts' expectations of $738.52 million. Fluence Energy's revenue was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FLNC has been the subject of several research reports. Susquehanna lifted their target price on Fluence Energy from $6.00 to $11.00 and gave the stock a "positive" rating in a research report on Monday, July 21st. UBS Group lifted their target price on Fluence Energy from $6.00 to $8.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 27th. The Goldman Sachs Group cut their price target on Fluence Energy from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Friday, May 9th. BMO Capital Markets set a $5.00 price target on Fluence Energy and gave the stock a "market perform" rating in a report on Wednesday, June 25th. Finally, Barclays cut their price target on Fluence Energy from $9.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Four investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus 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.