Y Intercept Hong Kong Ltd Grows Position in Fluence Energy, Inc. $FLNC

Y Intercept Hong Kong Ltd increased its holdings in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 194.3% in the first quarter, Holdings Channel reports. The firm owned 177,037 shares of the company’s stock after buying an additional 116,882 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Fluence Energy were worth $2,436,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Legal & General Group Plc raised its stake in shares of Fluence Energy by 882.1% in the 4th quarter. Legal & General Group Plc now owns 738,898 shares of the company’s stock valued at $14,615,000 after acquiring an additional 663,660 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of Fluence Energy during the 3rd quarter worth approximately $4,062,000. Dragoneer Investment Group LLC acquired a new stake in Fluence Energy in the 3rd quarter valued at approximately $65,883,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Fluence Energy by 493.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 445,350 shares of the company’s stock valued at $8,809,000 after purchasing an additional 370,350 shares during the last quarter. Finally, UBS Group AG raised its position in Fluence Energy by 65.2% in the fourth quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock valued at $51,940,000 after purchasing an additional 1,036,423 shares during the period. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fluence Energy

In related news, SVP John Zahurancik sold 15,974 shares of Fluence Energy stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $22.03, for a total transaction of $351,907.22. Following the sale, the senior vice president directly owned 71,171 shares in the company, valued at $1,567,897.13. This trade represents a 18.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Heynitz Harald Von sold 5,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $25.00, for a total transaction of $125,000.00. Following the completion of the sale, the director directly owned 58,550 shares of the company’s stock, valued at approximately $1,463,750. This trade represents a 7.87% decrease in their ownership of the stock. 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. In the last quarter, insiders sold 2,904,146 shares of company stock worth $61,090,399. 0.69% of the stock is currently owned by insiders.

Fluence Energy Trading Down 9.1%

NASDAQ:FLNC opened at $16.20 on Wednesday. Fluence Energy, Inc. has a 1 year low of $6.60 and a 1 year high of $33.51. The stock has a market cap of $2.99 billion, a P/E ratio of -45.00 and a beta of 2.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.91 and a current ratio of 1.43. The stock has a 50-day simple moving average of $20.60 and a 200-day simple moving average of $19.45.

Fluence Energy (NASDAQ:FLNC) last posted its earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.02. The firm had revenue of $464.89 million during the quarter, compared to analysts’ expectations of $614.93 million. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.62%.The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.24) earnings per share. As a group, analysts anticipate that Fluence Energy, Inc. will post -0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FLNC shares. Susquehanna raised their price target on Fluence Energy from $23.00 to $25.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. UBS Group boosted their target price on Fluence Energy from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Monday, May 11th. Roth Capital upgraded Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Friday, May 8th. Glj Research started coverage on shares of Fluence Energy in a research note on Wednesday, July 1st. They set a “buy” rating and a $26.00 target price on the stock. Finally, Guggenheim upgraded shares of Fluence Energy from a “sell” rating to a “neutral” rating in a research note on Thursday, March 19th. Six analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $19.83.

Fluence Energy Company 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.