Mizuho Markets Americas LLC Has $2.62 Million Stock Position in Fluence Energy, Inc. $FLNC

Mizuho Markets Americas LLC increased its holdings in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 39.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 190,794 shares of the company’s stock after buying an additional 54,359 shares during the quarter. Mizuho Markets Americas LLC owned 0.10% of Fluence Energy worth $2,625,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FLNC. Price T Rowe Associates Inc. MD boosted its holdings in shares of Fluence Energy by 5,489.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock valued at $60,247,000 after acquiring an additional 2,991,292 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Fluence Energy by 189.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after purchasing an additional 2,076,668 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in Fluence Energy during the third quarter worth $14,207,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Fluence Energy in the third quarter worth approximately $12,901,000. Finally, UBS Group AG grew its position in Fluence Energy by 65.2% in the 4th quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock valued at $51,940,000 after purchasing an additional 1,036,423 shares during the period. Institutional investors and hedge funds own 53.16% of the company’s stock.

Insider Activity

In other news, 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 completion of the transaction, the insider owned 11,801,103 shares of the company’s stock, valued at approximately $247,823,163. This represents a 19.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Zahurancik sold 16,000 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $25.18, for a total transaction of $402,880.00. Following the completion of the transaction, the senior vice president owned 87,145 shares of the company’s stock, valued at approximately $2,194,311.10. The trade was a 15.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 2,904,146 shares of company stock valued at $61,090,399. Company insiders own 0.69% of the company’s stock.

Fluence Energy Trading Down 1.6%

NASDAQ FLNC opened at $14.42 on Friday. The firm has a market cap of $2.66 billion, a PE ratio of -40.05 and a beta of 2.75. Fluence Energy, Inc. has a 1-year low of $6.60 and a 1-year high of $33.51. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average of $20.06 and a 200-day moving average of $19.03.

Fluence Energy (NASDAQ:FLNC) last issued its 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. The firm had revenue of $464.89 million for the quarter, compared to analysts’ expectations of $614.93 million. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.24) earnings per share. As a group, sell-side analysts forecast that Fluence Energy, Inc. will post -0.18 EPS for the current year.

Wall Street Analysts Forecast Growth

FLNC has been the subject of a number of analyst reports. Susquehanna lifted their price target on Fluence Energy from $23.00 to $25.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Truist Financial started coverage on shares of Fluence Energy in a research note on Monday, July 13th. They issued a “hold” rating and a $16.00 target price on the stock. HSBC upgraded Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 price target for the company in a research note on Friday, May 8th. UBS Group lifted their price objective on shares of Fluence Energy from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Monday, May 11th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $22.00 price objective on shares of Fluence Energy in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Fluence Energy has a consensus rating of “Hold” and an average price target of $19.53.

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.