Qatar Investment Authority Sells 2,867,172 Shares of Fluence Energy (NASDAQ:FLNC) Stock

Fluence Energy, Inc. (NASDAQ:FLNC) major shareholder Qatar Investment Authority sold 2,867,172 shares of Fluence Energy stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $21.00, for a total transaction of $60,210,612.00. Following the completion of the sale, the insider owned 11,801,103 shares of the company’s stock, valued at $247,823,163. This trade represents a 19.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Fluence Energy Stock Down 8.3%

FLNC stock opened at $17.91 on Wednesday. The firm has a 50 day moving average of $15.56 and a 200 day moving average of $18.99. The stock has a market capitalization of $3.30 billion, a PE ratio of -49.75 and a beta of 2.62. The company has a quick ratio of 0.91, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. Fluence Energy, Inc. has a 52 week low of $4.40 and a 52 week high of $33.51.

Fluence Energy (NASDAQ:FLNC) last released its earnings results on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. The company had revenue of $464.89 million during 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%. Fluence Energy’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the business earned ($0.24) EPS. Sell-side analysts forecast that Fluence Energy, Inc. will post -0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FLNC shares. Bank of America set a $32.00 price target on shares of Fluence Energy in a research report on Tuesday, February 3rd. Barclays dropped their price target on shares of 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. Zacks Research raised shares of Fluence Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Weiss Ratings cut shares of Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 8th. Finally, Wall Street Zen cut shares of Fluence Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Five analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.47.

Institutional Trading of Fluence Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Curio Wealth LLC purchased a new position in Fluence Energy in the fourth quarter worth approximately $31,000. State of Wyoming acquired a new position in Fluence Energy in the fourth quarter valued at approximately $36,000. EverSource Wealth Advisors LLC boosted its holdings in Fluence Energy by 31.8% in the first quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock valued at $38,000 after purchasing an additional 672 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Fluence Energy by 22.2% in the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after acquiring an additional 437 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Fluence Energy in the third quarter valued at approximately $48,000. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

Fluence Energy Company 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.