Dimensional Fund Advisors LP Sells 472,330 Shares of Fluence Energy, Inc. $FLNC

Dimensional Fund Advisors LP cut its holdings in Fluence Energy, Inc. (NASDAQ:FLNC) by 85.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 78,283 shares of the company’s stock after selling 472,330 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Fluence Energy were worth $1,077,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Legal & General Group Plc grew its stake in shares of Fluence Energy by 882.1% during the 4th quarter. Legal & General Group Plc now owns 738,898 shares of the company’s stock worth $14,615,000 after acquiring an additional 663,660 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in Fluence Energy by 194.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 177,037 shares of the company’s stock worth $2,436,000 after acquiring an additional 116,882 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Fluence Energy by 493.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 445,350 shares of the company’s stock worth $8,809,000 after purchasing an additional 370,350 shares during the last quarter. UBS Group AG increased its position in shares of Fluence Energy by 65.2% during the 4th quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock worth $51,940,000 after purchasing an additional 1,036,423 shares during the last quarter. Finally, Hel Ved Capital Management Ltd bought a new stake in shares of Fluence Energy during the 4th quarter worth approximately $1,735,000. Institutional investors own 53.16% of the company’s stock.

Insider Activity at Fluence Energy

In other news, Director Heynitz Harald Von sold 5,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $25.00, for a total value of $125,000.00. Following the sale, the director directly owned 58,550 shares of the company’s stock, valued at approximately $1,463,750. This represents a 7.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP John Zahurancik sold 15,974 shares of Fluence Energy stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $22.03, for a total transaction of $351,907.22. Following the transaction, the senior vice president directly owned 71,171 shares of the company’s stock, valued at $1,567,897.13. This represents a 18.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 36,974 shares of company stock worth $879,787 over the last quarter. 0.69% of the stock is currently owned by company insiders.

Fluence Energy Price Performance

FLNC stock opened at $13.14 on Friday. The company has a market capitalization of $2.43 billion, a P/E ratio of -21.54 and a beta of 2.78. The company has a fifty day moving average price of $17.30 and a 200-day moving average price of $17.85. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.89 and a current ratio of 1.34. Fluence Energy, Inc. has a 52-week low of $6.60 and a 52-week high of $33.51.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.24) earnings per share for the quarter. The business had revenue of $649.85 million during the quarter, compared to the consensus estimate of $818.57 million. Fluence Energy had a negative return on equity of 16.79% and a negative net margin of 3.13%.The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS. As a group, equities analysts expect that Fluence Energy, Inc. will post -0.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on FLNC shares. HSBC upgraded shares of 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. The Goldman Sachs Group reissued a “buy” rating and set a $22.00 price target on shares of Fluence Energy in a research report on Thursday, May 7th. Susquehanna upped their price objective on Fluence Energy from $23.00 to $25.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Wall Street Zen lowered shares of Fluence Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Royal Bank Of Canada cut their target price on shares of Fluence Energy from $16.00 to $15.00 and set a “sector perform” rating for the company in a research note on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.58.

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.