AXQ Capital LP Invests $334,000 in Fluence Energy, Inc. $FLNC

AXQ Capital LP acquired a new stake in Fluence Energy, Inc. (NASDAQ:FLNC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 30,898 shares of the company’s stock, valued at approximately $334,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLNC. AQR Capital Management LLC boosted its stake in Fluence Energy by 1,441.8% during the 1st quarter. AQR Capital Management LLC now owns 900,674 shares of the company’s stock valued at $4,368,000 after purchasing an additional 842,257 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Fluence Energy in the first quarter valued at $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Fluence Energy by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company’s stock valued at $575,000 after buying an additional 3,364 shares during the period. Goldman Sachs Group Inc. boosted its stake in Fluence Energy by 189.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after buying an additional 2,076,668 shares in the last quarter. Finally, Strs Ohio acquired a new position in Fluence Energy during the first quarter worth about $93,000. Institutional investors own 53.16% of the company’s stock.

Fluence Energy Trading Down 1.0%

NASDAQ FLNC opened at $16.33 on Thursday. The firm’s 50 day moving average price is $22.26 and its two-hundred day moving average price is $17.21. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.08 and a current ratio of 1.48. Fluence Energy, Inc. has a twelve month low of $3.46 and a twelve month high of $33.51. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of -37.11 and a beta of 2.90.

Fluence Energy (NASDAQ:FLNC) last issued its earnings results on Wednesday, February 4th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.16). The business had revenue of $475.23 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 154.4% on a year-over-year basis. During the same period last year, the business earned ($0.32) EPS. Equities analysts anticipate that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Fluence Energy in a report on Monday, December 29th. The Goldman Sachs Group increased their target price on shares of Fluence Energy from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Roth Mkm restated a “neutral” rating and set a $26.00 target price on shares of Fluence Energy in a report on Wednesday, January 28th. Susquehanna reaffirmed a “positive” rating and issued a $27.00 price target on shares of Fluence Energy in a report on Friday, February 6th. Finally, UBS Group reiterated a “neutral” rating on shares of Fluence Energy in a research report on Thursday, January 15th. 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.25.

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.