Green Alpha Advisors LLC Sells 1,086 Shares of Fluence Energy, Inc. (NASDAQ:FLNC)

Green Alpha Advisors LLC lowered its stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 3.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 31,800 shares of the company’s stock after selling 1,086 shares during the period. Green Alpha Advisors LLC’s holdings in Fluence Energy were worth $505,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its holdings in shares of Fluence Energy by 3.8% in the second quarter. Hsbc Holdings PLC now owns 24,250 shares of the company’s stock valued at $420,000 after acquiring an additional 897 shares in the last quarter. US Bancorp DE grew its position in shares of Fluence Energy by 676.6% during the 3rd quarter. US Bancorp DE now owns 1,693 shares of the company’s stock valued at $38,000 after acquiring an additional 1,475 shares during the period. Blue Trust Inc. increased its stake in shares of Fluence Energy by 45.3% during the 3rd quarter. Blue Trust Inc. now owns 4,821 shares of the company’s stock worth $109,000 after purchasing an additional 1,502 shares during the last quarter. CWM LLC raised its holdings in shares of Fluence Energy by 164.4% in the 3rd quarter. CWM LLC now owns 2,842 shares of the company’s stock worth $65,000 after purchasing an additional 1,767 shares during the period. Finally, ProShare Advisors LLC lifted its stake in Fluence Energy by 17.0% in the second quarter. ProShare Advisors LLC now owns 12,328 shares of the company’s stock valued at $214,000 after purchasing an additional 1,789 shares during the last quarter. 53.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citigroup lowered Fluence Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $32.00 to $24.00 in a report on Tuesday, October 1st. BMO Capital Markets boosted their price target on shares of Fluence Energy from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. BNP Paribas upgraded shares of Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 price objective for the company in a research note on Friday, November 8th. Guggenheim reaffirmed a “buy” rating and issued a $26.00 price target on shares of Fluence Energy in a report on Friday, December 6th. Finally, Bank of America cut their target price on Fluence Energy from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Fluence Energy has a consensus rating of “Moderate Buy” and a consensus target price of $26.65.

Insider Activity

In other news, Director Herman E. Bulls bought 10,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were purchased at an average price of $15.57 per share, for a total transaction of $155,700.00. Following the completion of the acquisition, the director now owns 75,861 shares of the company’s stock, valued at approximately $1,181,155.77. This trade represents a 15.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.41% of the company’s stock.

Fluence Energy Price Performance

NASDAQ:FLNC opened at $16.09 on Monday. Fluence Energy, Inc. has a 1-year low of $12.74 and a 1-year high of $26.12. The business has a 50 day moving average of $18.29 and a 200 day moving average of $18.67. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 123.77, a PEG ratio of 0.56 and a beta of 2.42.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Monday, November 25th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.11. Fluence Energy had a net margin of 0.89% and a return on equity of 4.10%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business posted $0.02 EPS. The business’s quarterly revenue was up 82.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Fluence Energy, Inc. will post 0.56 EPS for the current year.

About Fluence Energy

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.