Militia Capital Partners LP Purchases New Position in Fluence Energy, Inc. $FLNC

Militia Capital Partners LP purchased a new position in shares of Fluence Energy, Inc. (NASDAQ:FLNC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 36,300 shares of the company’s stock, valued at approximately $392,000.

Other institutional investors also recently bought and sold shares of the company. Millennium Management LLC increased its position in shares of 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 buying an additional 227,080 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Fluence Energy by 1.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,185 shares of the company’s stock valued at $1,082,000 after buying an additional 1,082 shares in the last quarter. Divisadero Street Capital Management LP acquired a new stake in Fluence Energy in the 3rd quarter valued at $108,000. Dragoneer Investment Group LLC acquired a new stake in Fluence Energy in the 3rd quarter valued at $65,883,000. Finally, Cinctive Capital Management LP purchased a new stake in Fluence Energy in the 3rd quarter worth $115,000. 53.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FLNC. Canaccord Genuity Group upped their price objective on shares of Fluence Energy from $10.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Royal Bank Of Canada reissued a “sector perform” rating and set a $12.00 target price on shares of Fluence Energy in a research note on Tuesday, January 20th. Jefferies Financial Group set a $24.00 price target on shares of Fluence Energy in a research report on Monday, February 9th. The Goldman Sachs Group raised their price target on shares of Fluence Energy from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $26.00 price objective on shares of Fluence Energy in a report on Wednesday, January 28th. Four investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Fluence Energy presently has a consensus rating of “Hold” and an average target price of $16.25.

Fluence Energy Trading Up 2.4%

Shares of FLNC opened at $16.78 on Tuesday. Fluence Energy, Inc. has a 52-week low of $3.46 and a 52-week high of $33.51. The stock has a market cap of $3.09 billion, a PE ratio of -38.14 and a beta of 2.99. The firm’s fifty day moving average is $21.13 and its two-hundred day moving average is $18.04. The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 0.80.

Fluence Energy (NASDAQ:FLNC) last issued its earnings results on Wednesday, February 4th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.16). The business had revenue of $475.23 million during the quarter, compared to analyst estimates of $444.23 million. Fluence Energy had a negative net margin of 2.04% and a negative return on equity of 10.10%. Fluence Energy’s quarterly revenue was up 154.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.32) earnings per share. Research analysts forecast that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

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.