UBS Group AG Has $51.94 Million Stock Holdings in Fluence Energy, Inc. $FLNC

UBS Group AG grew its holdings in Fluence Energy, Inc. (NASDAQ:FLNC) by 65.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,625,878 shares of the company’s stock after buying an additional 1,036,423 shares during the quarter. UBS Group AG’s holdings in Fluence Energy were worth $51,940,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Dragoneer Investment Group LLC acquired a new position in shares of Fluence Energy in the 3rd quarter valued at $65,883,000. Goldman Sachs Group Inc. raised its stake 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 in the last quarter. Millennium Management LLC raised its stake in Fluence Energy by 11.3% during the third quarter. Millennium Management LLC now owns 2,232,750 shares of the company’s stock worth $24,114,000 after acquiring an additional 227,080 shares in the last quarter. Voloridge Investment Management LLC raised its stake in Fluence Energy by 82.6% during the third quarter. Voloridge Investment Management LLC now owns 1,965,083 shares of the company’s stock worth $21,223,000 after acquiring an additional 888,893 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Fluence Energy during the third quarter worth $14,207,000. Institutional investors and hedge funds own 53.16% of the company’s stock.

Fluence Energy Trading Up 2.9%

FLNC stock opened at $12.69 on Wednesday. The business has a fifty day moving average price of $14.61 and a 200 day moving average price of $18.82. Fluence Energy, Inc. has a fifty-two week low of $3.93 and a fifty-two week high of $33.51. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of -28.84 and a beta of 2.62. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.08.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings results on Wednesday, February 4th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.16). Fluence Energy had a negative net margin of 2.04% and a negative return on equity of 10.10%. The business had revenue of $475.23 million for the quarter, compared to analyst estimates of $444.23 million. During the same period in the prior year, the business earned ($0.32) earnings per share. The company’s revenue for the quarter was up 154.4% on a year-over-year basis. Analysts expect that Fluence Energy, Inc. will post -0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FLNC. Needham & Company LLC began coverage on Fluence Energy in a research note on Friday, March 20th. They set a “hold” rating for the company. UBS Group reiterated a “sell” rating and set a $8.00 price objective (down from $22.00) on shares of Fluence Energy in a research note on Friday, April 17th. Susquehanna dropped their price objective on Fluence Energy from $27.00 to $23.00 and set a “positive” rating for the company in a research note on Thursday, April 9th. Barclays dropped their price objective on Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating for the company in a research note on Monday, April 13th. Finally, Roth Mkm set a $13.00 price objective on Fluence Energy in a research note on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $16.12.

Insiders Place Their Bets

In related news, Director Heynitz Harald Von sold 10,000 shares of the firm’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 completion of the sale, the director directly owned 63,550 shares of the company’s stock, valued at $1,048,575. This trade represents a 13.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.