60,000 Shares in Fluence Energy, Inc. $FLNC Bought by Impala Asset Management LLC

Impala Asset Management LLC purchased a new position in shares of Fluence Energy, Inc. (NASDAQ:FLNC) during the fourth quarter, Holdings Channel.com reports. The fund purchased 60,000 shares of the company’s stock, valued at approximately $1,187,000. Fluence Energy makes up approximately 0.7% of Impala Asset Management LLC’s holdings, making the stock its 19th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in FLNC. AQR Capital Management LLC boosted its holdings in Fluence Energy by 1,441.8% during the first quarter. AQR Capital Management LLC now owns 900,674 shares of the company’s stock worth $4,368,000 after buying an additional 842,257 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Fluence Energy during the first quarter worth $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Fluence Energy by 2.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company’s stock worth $575,000 after acquiring an additional 3,364 shares during the period. Goldman Sachs Group Inc. raised its position in Fluence Energy by 189.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after acquiring an additional 2,076,668 shares during the period. Finally, Strs Ohio acquired a new position in Fluence Energy during the first quarter worth $93,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FLNC. The Goldman Sachs Group restated a “buy” rating and set a $22.00 price objective on shares of Fluence Energy in a research report on Thursday, May 7th. Canaccord Genuity Group set a $28.00 price objective on shares of Fluence Energy in a research report on Friday, May 8th. Roth Mkm upgraded shares of Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, May 8th. Susquehanna upped their price objective on shares of Fluence Energy from $23.00 to $25.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Finally, UBS Group upped their price objective on shares of Fluence Energy from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.47.

Fluence Energy Price Performance

Shares of NASDAQ FLNC opened at $23.71 on Friday. The firm has a 50-day simple moving average of $18.21 and a 200-day simple moving average of $19.50. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of -65.86 and a beta of 2.77. 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 $4.68 and a 52 week high of $33.51.

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

Insider Transactions at Fluence Energy

In other news, Director Heynitz Harald Von sold 10,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $16.50, for a total value of $165,000.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Qatar Investment Authority sold 2,867,172 shares of the stock in a transaction dated 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 owned 11,801,103 shares of the company’s stock, valued at $247,823,163. This trade represents a 19.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.69% of the stock is owned by corporate insiders.

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.