Sora Investors LLC Makes New Investment in Fluence Energy, Inc. (NASDAQ:FLNC)

Sora Investors LLC purchased a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 278,571 shares of the company's stock, valued at approximately $4,424,000. Sora Investors LLC owned approximately 0.15% of Fluence Energy as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Point72 Asset Management L.P. grew its holdings in shares of Fluence Energy by 63.5% during the 4th quarter. Point72 Asset Management L.P. now owns 1,570,550 shares of the company's stock valued at $24,940,000 after acquiring an additional 610,229 shares in the last quarter. Point72 Europe London LLP purchased a new position in shares of Fluence Energy during the 4th quarter valued at $1,890,000. Polar Capital Holdings Plc grew its holdings in shares of Fluence Energy by 79.3% during the 4th quarter. Polar Capital Holdings Plc now owns 420,500 shares of the company's stock valued at $6,678,000 after acquiring an additional 186,000 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Fluence Energy by 32.0% during the 4th quarter. ProShare Advisors LLC now owns 21,110 shares of the company's stock valued at $335,000 after acquiring an additional 5,120 shares in the last quarter. Finally, Man Group plc grew its holdings in shares of Fluence Energy by 18.8% during the 4th quarter. Man Group plc now owns 256,413 shares of the company's stock valued at $4,072,000 after acquiring an additional 40,523 shares in the last quarter. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

Fluence Energy Price Performance

NASDAQ FLNC traded down $0.14 on Monday, reaching $5.27. The company's stock had a trading volume of 3,648,513 shares, compared to its average volume of 3,659,301. The firm has a market cap of $956.76 million, a PE ratio of -105.40 and a beta of 2.49. The business has a 50-day moving average price of $4.60 and a 200 day moving average price of $10.97. Fluence Energy, Inc. has a 52 week low of $3.46 and a 52 week high of $26.12. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.03). The business had revenue of $431.62 million during 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 business's revenue was down 30.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.07) EPS. Sell-side analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FLNC shares. Royal Bank of Canada lowered shares of Fluence Energy from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $25.00 to $7.00 in a research note on Wednesday, February 12th. Susquehanna reduced their price objective on shares of Fluence Energy from $10.00 to $8.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Roth Capital lowered shares of Fluence Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. BMO Capital Markets lowered shares of Fluence Energy from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $22.00 to $10.00 in a research note on Tuesday, February 11th. Finally, HSBC lowered shares of Fluence Energy from a "buy" rating to a "hold" rating and set a $4.00 price objective for the company. in a research note on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $8.21.

Insider Activity at Fluence Energy

In other news, Director Herman E. Bulls acquired 10,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $5.41 per share, with a total value of $54,100.00. Following the completion of the purchase, the director now owns 115,861 shares of the company's stock, valued at $626,808.01. This represents a 9.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Cynthia A. Arnold acquired 33,000 shares of the firm's stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $5.90 per share, for a total transaction of $194,700.00. Following the completion of the purchase, the director now directly owns 86,202 shares of the company's stock, valued at approximately $508,591.80. The trade was a 62.03% increase in their position. The disclosure for this purchase can be found here. 0.65% of the stock is currently owned by insiders.

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.