Siemens AG Reduces Position in Fluence Energy, Inc. $FLNC

Siemens AG decreased its position in Fluence Energy, Inc. (NASDAQ:FLNC) by 50.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,738,064 shares of the company’s stock after selling 20,000,000 shares during the quarter. Fluence Energy comprises approximately 100.0% of Siemens AG’s investment portfolio, making the stock its biggest position. Siemens AG owned about 0.11% of Fluence Energy worth $390,419,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FLNC. Curio Wealth LLC bought a new position in shares of Fluence Energy during the fourth quarter worth approximately $31,000. State of Wyoming bought a new position in shares of Fluence Energy during the fourth quarter worth approximately $36,000. GAMMA Investing LLC increased its stake in shares of Fluence Energy by 22.2% during 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 bought a new position in shares of Fluence Energy during the third quarter worth approximately $48,000. Finally, Quantbot Technologies LP bought a new position in shares of Fluence Energy during the third quarter worth approximately $51,000. Institutional investors own 53.16% of the company’s stock.

Wall Street Analyst Weigh In

FLNC has been the topic of a number of recent research reports. Weiss Ratings lowered Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 8th. Guggenheim upgraded Fluence Energy from a “sell” rating to a “neutral” rating in a research note on Thursday, March 19th. Barclays lowered their target price on Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Monday, April 13th. Royal Bank Of Canada increased their target price on Fluence Energy from $12.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Monday, May 11th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $15.00 target price on shares of Fluence Energy in a research note on Wednesday, April 29th. Five 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $19.47.

Insider Buying and Selling

In related news, Director Heynitz Harald Von sold 5,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the sale, the director owned 58,550 shares of the company’s stock, valued at $1,463,750. This represents a 7.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Qatar Investment Authority sold 2,867,172 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $21.00, for a total value of $60,210,612.00. Following the sale, the insider directly owned 11,801,103 shares in the company, valued at $247,823,163. This represents a 19.55% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.69% of the company’s stock.

Fluence Energy Trading Down 1.1%

Shares of NASDAQ:FLNC opened at $23.92 on Wednesday. The company has a market capitalization of $4.41 billion, a P/E ratio of -66.44 and a beta of 2.77. Fluence Energy, Inc. has a 1 year low of $5.32 and a 1 year 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 business’s 50 day simple moving average is $18.64 and its 200 day simple moving average is $19.61.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. The business had revenue of $464.89 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.24) earnings per share. On average, research analysts anticipate that Fluence Energy, Inc. will post -0.22 EPS 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.