Point72 Europe London LLP Makes New $1.89 Million Investment in Fluence Energy, Inc. (NASDAQ:FLNC)

Point72 Europe London LLP acquired a new position in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 119,000 shares of the company's stock, valued at approximately $1,890,000. Point72 Europe London LLP owned 0.07% of Fluence Energy at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in shares of Fluence Energy during the fourth quarter valued at $34,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Fluence Energy during the 4th quarter worth about $79,000. Tower Research Capital LLC TRC grew its stake in Fluence Energy by 827.1% during the 4th 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 in the last quarter. Blueshift Asset Management LLC acquired a new position in shares of Fluence Energy in the 4th quarter valued at about $176,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Fluence Energy by 47.4% in the fourth 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. Institutional investors and hedge funds own 53.16% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Bank of America downgraded shares of Fluence Energy from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $20.00 to $8.00 in a research report on Thursday, February 13th. Mizuho initiated coverage on shares of Fluence Energy in a report on Wednesday, March 5th. They set an "outperform" rating and a $8.00 price target on the stock. Piper Sandler dropped their price target on shares of Fluence Energy from $10.00 to $4.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Roth Capital cut Fluence Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Finally, Hsbc Global Res downgraded Fluence Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $8.21.

Fluence Energy Stock Performance

Shares of NASDAQ FLNC traded down $0.28 during trading hours on Wednesday, hitting $5.08. 1,168,896 shares of the stock were exchanged, compared to its average volume of 3,659,177. Fluence Energy, Inc. has a one year low of $3.46 and a one year high of $26.12. The company's 50 day moving average is $4.60 and its 200 day moving average is $10.93. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.57 and a quick ratio of 1.14. The firm has a market capitalization of $921.91 million, a P/E ratio of -102.10 and a beta of 2.49.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.03). The firm had revenue of $431.62 million for the quarter, compared to the consensus estimate of $328.17 million. Fluence Energy had a negative net margin of 0.08% and a negative return on equity of 0.36%. The firm's revenue was down 30.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.07) earnings per share. On average, research analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Insider Buying and Selling at Fluence Energy

In related news, Director Herman E. Bulls bought 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $5.41 per share, for a total transaction of $54,100.00. Following the purchase, the director now directly owns 115,861 shares in the company, valued at $626,808.01. This trade represents a 9.45% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cynthia A. Arnold purchased 33,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was bought at an average price of $5.90 per share, for a total transaction of $194,700.00. Following the completion of the transaction, the director now directly owns 86,202 shares in the company, valued at approximately $508,591.80. The trade was a 62.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.65% of the company's stock.

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.