Hsbc Holdings PLC Raises Stake in Fluence Energy, Inc. $FLNC

Hsbc Holdings PLC boosted its stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 28.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 157,575 shares of the company’s stock after purchasing an additional 35,309 shares during the period. Hsbc Holdings PLC’s holdings in Fluence Energy were worth $3,144,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in FLNC. Dragoneer Investment Group LLC bought a new position in shares of Fluence Energy during the 3rd quarter valued at approximately $65,883,000. Goldman Sachs Group Inc. increased its stake in shares of Fluence Energy by 189.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after purchasing an additional 2,076,668 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Fluence Energy by 5,489.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock worth $60,247,000 after purchasing an additional 2,991,292 shares during the period. UBS Group AG raised its holdings in shares of Fluence Energy by 65.2% in the 4th quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock worth $51,940,000 after purchasing an additional 1,036,423 shares during the period. Finally, Millennium Management LLC lifted its stake in Fluence Energy by 11.3% in the third quarter. Millennium Management LLC now owns 2,232,750 shares of the company’s stock valued at $24,114,000 after purchasing an additional 227,080 shares during the last quarter. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Insider Activity at Fluence Energy

In other Fluence Energy news, major shareholder Qatar Investment Authority sold 2,867,172 shares of Fluence Energy stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $21.00, for a total transaction of $60,210,612.00. Following the completion of the sale, the insider directly owned 11,801,103 shares in the company, valued at $247,823,163. The trade was a 19.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Heynitz Harald Von sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the completion of the transaction, the director directly owned 58,550 shares of the company’s stock, valued at approximately $1,463,750. This represents a 7.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,904,146 shares of company stock valued at $61,090,399 over the last three months. 0.69% of the stock is owned by corporate insiders.

Fluence Energy Price Performance

Shares of NASDAQ FLNC opened at $19.27 on Monday. The stock’s 50-day simple moving average is $19.98 and its two-hundred day simple moving average is $19.68. Fluence Energy, Inc. has a twelve month low of $6.06 and a twelve month high of $33.51. The firm has a market capitalization of $3.55 billion, a P/E ratio of -53.53 and a beta of 2.76. 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 (NASDAQ:FLNC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $464.89 million during the quarter, compared to the consensus estimate of $614.93 million. During the same quarter last year, the company posted ($0.24) EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities analysts anticipate that Fluence Energy, Inc. will post -0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research raised Fluence Energy from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Needham & Company LLC started coverage on Fluence Energy in a research report on Friday, March 20th. They set a “hold” rating on the stock. Canaccord Genuity Group set a $28.00 price target on Fluence Energy in a research note on Friday, May 8th. BMO Capital Markets reiterated a “market perform” rating and set a $15.00 price target on shares of Fluence Energy in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $22.00 price objective on shares of Fluence Energy in a report on Thursday, May 7th. 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’s stock. According to data from MarketBeat.com, Fluence Energy presently has a consensus rating of “Hold” and a consensus target price of $19.47.

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.