Essex Investment Management Co. LLC Makes New Investment in Fluence Energy, Inc. $FLNC

Essex Investment Management Co. LLC acquired a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 53,185 shares of the company’s stock, valued at approximately $574,000.

Several other large investors have also recently made changes to their positions in FLNC. ProShare Advisors LLC lifted its position in shares of Fluence Energy by 55.4% in the third quarter. ProShare Advisors LLC now owns 36,652 shares of the company’s stock worth $396,000 after buying an additional 13,063 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Fluence Energy by 8.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 13,452 shares of the company’s stock worth $160,000 after acquiring an additional 1,063 shares during the last quarter. TFB Advisors LLC raised its holdings in shares of Fluence Energy by 13.8% during the 3rd quarter. TFB Advisors LLC now owns 18,253 shares of the company’s stock worth $197,000 after acquiring an additional 2,215 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of Fluence Energy by 132.0% during the 3rd quarter. AlphaQuest LLC now owns 22,579 shares of the company’s stock worth $244,000 after acquiring an additional 12,845 shares in the last quarter. Finally, Activest Wealth Management boosted its position in shares of Fluence Energy by 128.9% during the 3rd quarter. Activest Wealth Management now owns 23,185 shares of the company’s stock valued at $250,000 after acquiring an additional 13,055 shares during the last quarter. 53.16% of the stock is owned by institutional investors.

Fluence Energy Price Performance

FLNC stock opened at $18.99 on Wednesday. The stock has a market cap of $3.47 billion, a PE ratio of -43.16 and a beta of 2.90. Fluence Energy, Inc. has a 12 month low of $3.46 and a 12 month high of $33.51. The company has a 50-day moving average price of $23.42 and a 200 day moving average price of $16.60. The company has a current ratio of 1.48, a quick ratio of 1.08 and a debt-to-equity ratio of 0.80.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings data 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). The firm had revenue of $475.23 million during the quarter, compared to analysts’ expectations of $444.23 million. Fluence Energy had a negative return on equity of 10.10% and a negative net margin of 2.04%.The business’s revenue for the quarter was up 154.4% compared to the same quarter last year. During the same period last year, the company earned ($0.32) earnings per share. Equities research analysts anticipate that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FLNC shares. BNP Paribas Exane upgraded shares of Fluence Energy to a “strong sell” rating in a research report on Tuesday, October 21st. Barclays lifted their price objective on shares of Fluence Energy from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 14th. Jefferies Financial Group set a $24.00 target price on shares of Fluence Energy in a research report on Monday. The Goldman Sachs Group lifted their price target on Fluence Energy from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, Susquehanna reissued a “positive” rating and set a $27.00 price objective on shares of Fluence Energy in a research note on Friday. Five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.50.

About Fluence Energy

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.