Hussman Strategic Advisors Inc. Reduces Stake in Fluence Energy, Inc. (NASDAQ:FLNC)

Hussman Strategic Advisors Inc. trimmed its stake in Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 60.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,000 shares of the company's stock after selling 94,500 shares during the quarter. Hussman Strategic Advisors Inc.'s holdings in Fluence Energy were worth $1,503,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. National Bank of Canada FI acquired a new position in shares of Fluence Energy during the third quarter valued at about $27,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Fluence Energy by 185.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,137 shares of the company's stock valued at $49,000 after buying an additional 1,388 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Fluence Energy by 6,126.1% during the third quarter. Signaturefd LLC now owns 6,911 shares of the company's stock valued at $159,000 after buying an additional 6,800 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Fluence Energy during the third quarter valued at about $192,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Fluence Energy during the fourth quarter valued at about $207,000. 53.16% of the stock is currently owned by institutional investors and hedge funds.

Fluence Energy Stock Up 3.9 %

Shares of Fluence Energy stock traded up $0.59 during trading on Monday, reaching $15.69. The company's stock had a trading volume of 1,154,048 shares, compared to its average volume of 2,259,720. Fluence Energy, Inc. has a 52-week low of $13.03 and a 52-week high of $31.32. The company has a market cap of $2.80 billion, a price-to-earnings ratio of -29.60 and a beta of 2.57. The firm's 50-day moving average is $16.28 and its two-hundred day moving average is $19.35.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). Fluence Energy had a negative net margin of 2.72% and a negative return on equity of 11.18%. The firm had revenue of $363.96 million for the quarter, compared to the consensus estimate of $403.93 million. During the same quarter in the prior year, the company earned ($0.21) earnings per share. The company's quarterly revenue was up 17.2% compared to the same quarter last year. On average, equities research analysts anticipate that Fluence Energy, Inc. will post 0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

FLNC has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Fluence Energy from a "neutral" rating to an "overweight" rating and set a $23.00 price objective for the company in a report on Friday, February 23rd. The Goldman Sachs Group dropped their price target on shares of Fluence Energy from $32.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, March 22nd. Piper Sandler dropped their price target on shares of Fluence Energy from $25.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, April 11th. BMO Capital Markets raised shares of Fluence Energy from a "market perform" rating to an "outperform" rating and set a $27.00 price target on the stock in a research report on Tuesday, January 16th. Finally, Susquehanna raised shares of Fluence Energy from a "neutral" rating to a "positive" rating and set a $24.00 price target on the stock in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $28.56.

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.