Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 200,000 shares of the company’s stock, valued at approximately $1,342,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of Fluence Energy at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC bought a new position in Fluence Energy during the second quarter valued at about $30,000. Activest Wealth Management purchased a new position in Fluence Energy in the second quarter valued at about $68,000. TFB Advisors LLC bought a new position in shares of Fluence Energy during the 1st quarter valued at approximately $53,000. Voleon Capital Management LP bought a new position in shares of Fluence Energy during the 1st quarter valued at approximately $55,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Fluence Energy during the 2nd quarter worth approximately $79,000. 53.16% of the stock is owned by hedge funds and other institutional investors.
Fluence Energy Stock Performance
Shares of FLNC opened at $18.99 on Thursday. The stock’s 50-day simple moving average is $16.32 and its 200 day simple moving average is $10.22. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of -45.21 and a beta of 2.88. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.64. Fluence Energy, Inc. has a 52-week low of $3.46 and a 52-week high of $23.74.
Analysts Set New Price Targets
Several equities analysts recently commented on FLNC shares. Barclays upped their price objective on Fluence Energy from $13.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday. Susquehanna boosted their target price on Fluence Energy from $17.00 to $20.00 and gave the company a “positive” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on Fluence Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Morgan Stanley boosted their price objective on Fluence Energy from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Roth Capital upped their price objective on shares of Fluence Energy from $7.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, Fluence Energy has an average rating of “Reduce” and an average price target of $11.39.
Read Our Latest Stock Report on Fluence Energy
Fluence Energy Company Profile
Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.
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