Fluence Energy, Inc. $FLNC Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc lessened its holdings in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 45.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,508 shares of the company’s stock after selling 33,801 shares during the period. Prospera Financial Services Inc’s holdings in Fluence Energy were worth $801,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FLNC. GAMMA Investing LLC grew its holdings in Fluence Energy by 22.2% in the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after purchasing an additional 437 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Fluence Energy by 442.9% in the fourth quarter. Farther Finance Advisors LLC now owns 3,377 shares of the company’s stock valued at $67,000 after purchasing an additional 2,755 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Fluence Energy by 17.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the company’s stock valued at $79,000 after purchasing an additional 586 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Fluence Energy in the third quarter valued at $48,000. Finally, Quantbot Technologies LP acquired a new stake in Fluence Energy in the third quarter valued at $51,000. Institutional investors and hedge funds own 53.16% of the company’s stock.

Insider Buying and Selling at Fluence Energy

In other news, Director Heynitz Harald Von sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total value of $165,000.00. Following the sale, the director directly owned 63,550 shares in the company, valued at $1,048,575. This represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Qatar Investment Authority sold 2,867,172 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $21.00, for a total value of $60,210,612.00. Following the completion of the sale, the insider owned 11,801,103 shares in the company, valued at $247,823,163. This represents a 19.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.69% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FLNC shares. UBS Group upped their target price on Fluence Energy from $8.00 to $9.00 and gave the company a “sell” rating in a report on Monday, May 11th. Roth Mkm raised Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Friday, May 8th. Royal Bank Of Canada upped their target price on Fluence Energy from $12.00 to $16.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. Canaccord Genuity Group set a $28.00 target price on Fluence Energy in a report on Friday, May 8th. Finally, Susquehanna upped their target price on Fluence Energy from $23.00 to $25.00 and gave the company a “positive” rating in a report on Friday, May 8th. Five analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $19.47.

Fluence Energy Stock Down 11.6%

Shares of NASDAQ:FLNC opened at $18.88 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. Fluence Energy, Inc. has a 52-week low of $4.40 and a 52-week high of $33.51. The stock’s fifty day simple moving average is $16.22 and its 200-day simple moving average is $19.01. The company has a market capitalization of $3.48 billion, a P/E ratio of -52.44 and a beta of 2.62.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.02. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.62%.The business had revenue of $464.89 million for the quarter, compared to the consensus estimate of $614.93 million. During the same period in the prior year, the business earned ($0.24) earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. As a group, equities research analysts forecast that Fluence Energy, Inc. will post -0.22 earnings per share for the current fiscal year.

Fluence Energy Profile

Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.

The company’s core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.