Fluence Energy, Inc. $FLNC Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. decreased its holdings in Fluence Energy, Inc. (NASDAQ:FLNC) by 55.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,315 shares of the company’s stock after selling 30,054 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Fluence Energy were worth $481,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC lifted 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 worth $48,000 after purchasing an additional 437 shares during the period. Advisory Services Network LLC acquired a new position in Fluence Energy during the 3rd quarter valued at about $48,000. Quantbot Technologies LP acquired a new position in Fluence Energy during the 3rd quarter valued at about $51,000. Quarry LP raised its position in shares of Fluence Energy by 4,371.4% during the 3rd quarter. Quarry LP now owns 5,947 shares of the company’s stock worth $64,000 after buying an additional 5,814 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Fluence Energy by 442.9% during the 4th quarter. Farther Finance Advisors LLC now owns 3,377 shares of the company’s stock worth $67,000 after buying an additional 2,755 shares in the last quarter. 53.16% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Fluence Energy

Here are the key news stories impacting Fluence Energy this week:

• Negative Sentiment: Controlling stockholders are selling 20 million shares in a public offering, which can pressure the share price and raise dilution/overhang concerns. Article Title
• Negative Sentiment: Fluence will not receive any proceeds from the offering, so the transaction does not directly strengthen the company’s balance sheet or fund growth initiatives. Article Title
• Neutral Sentiment: Reputable underwriters Barclays, Goldman Sachs, and J.P. Morgan are handling the deal, which supports execution but does not change the underlying impact for shareholders. Article Title
• Neutral Sentiment: Earlier commentary noted improved analyst attention and a recent price target increase to $17, but the stock’s move today appears driven mainly by the share sale announcement. Article Title

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FLNC. UBS Group increased their price objective on shares of Fluence Energy from $8.00 to $9.00 and gave the company a “sell” rating in a report on Monday. Guggenheim raised Fluence Energy from a “sell” rating to a “neutral” rating in a report on Thursday, March 19th. Barclays cut their target price on Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating for the company in a research report on Monday, April 13th. Jefferies Financial Group set a $24.00 price target on Fluence Energy in a research report on Monday, February 9th. Finally, Canaccord Genuity Group set a $28.00 price objective on Fluence Energy in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.82.

Insider Activity

In other news, Director Heynitz Harald Von sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total transaction of $165,000.00. Following the sale, the director directly owned 63,550 shares of the company’s stock, valued at $1,048,575. The trade was a 13.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is owned by insiders.

Fluence Energy Stock Down 15.7%

FLNC stock opened at $21.28 on Wednesday. The firm has a market cap of $3.91 billion, a PE ratio of -59.11 and a beta of 2.62. Fluence Energy, Inc. has a 12 month low of $4.40 and a 12 month high of $33.51. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.91. The firm has a 50 day simple moving average of $15.06 and a 200 day simple moving average of $18.93.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.02. Fluence Energy had a negative net margin of 1.64% and a negative return on equity of 8.29%. The firm had revenue of $464.89 million for the quarter, compared to analyst estimates of $614.93 million. During the same quarter in the previous year, the business posted ($0.24) earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities research analysts forecast that Fluence Energy, Inc. will post -0.22 earnings per share for the current fiscal year.

About Fluence Energy

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.