ANTIPODES PARTNERS Ltd Grows Position in Fluence Energy, Inc. $FLNC

ANTIPODES PARTNERS Ltd grew its stake in Fluence Energy, Inc. (NASDAQ:FLNC) by 64,545.5% during the 3rd quarter, Holdings Channel reports. The fund owned 1,091,216 shares of the company’s stock after acquiring an additional 1,089,528 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in Fluence Energy were worth $11,786,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in Fluence Energy by 189.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after purchasing an additional 2,076,668 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Fluence Energy by 1,794.8% during the 2nd quarter. SG Americas Securities LLC now owns 1,868,711 shares of the company’s stock worth $12,539,000 after purchasing an additional 1,770,090 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Fluence Energy by 10.0% during the second quarter. Geode Capital Management LLC now owns 1,683,637 shares of the company’s stock worth $11,298,000 after buying an additional 153,614 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Fluence Energy by 83.7% in the second quarter. Federated Hermes Inc. now owns 994,064 shares of the company’s stock valued at $6,670,000 after buying an additional 452,896 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Fluence Energy by 1,441.8% in the first quarter. AQR Capital Management LLC now owns 900,674 shares of the company’s stock valued at $4,368,000 after buying an additional 842,257 shares during the last quarter. Institutional investors and hedge funds own 53.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays lifted their target price 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. Susquehanna restated a “positive” rating and set a $27.00 price objective on shares of Fluence Energy in a report on Friday, February 6th. The Goldman Sachs Group lifted their price objective on Fluence Energy from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Morgan Stanley set a $16.00 target price on Fluence Energy in a research report on Monday, January 26th. Finally, Bank of America set a $32.00 price target on Fluence Energy in a report on Tuesday, February 3rd. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Fluence Energy currently has an average rating of “Hold” and a consensus price target of $16.25.

Fluence Energy Stock Down 0.1%

FLNC opened at $16.55 on Friday. Fluence Energy, Inc. has a 1 year low of $3.46 and a 1 year high of $33.51. The firm has a 50 day moving average price of $22.51 and a 200 day moving average price of $17.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.08 and a current ratio of 1.48. The company has a market cap of $3.04 billion, a PE ratio of -37.61 and a beta of 2.90.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Wednesday, February 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.16). Fluence Energy had a negative return on equity of 10.10% and a negative net margin of 2.04%.The business had revenue of $475.23 million for the quarter, compared to analysts’ expectations of $444.23 million. During the same quarter in the prior year, the firm earned ($0.32) earnings per share. Fluence Energy’s quarterly revenue was up 154.4% compared to the same quarter last year. Sell-side analysts expect that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

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.