Dockside LLC Makes New Investment in Fluence Energy, Inc. $FLNC

Dockside LLC purchased a new position in shares of Fluence Energy, Inc. (NASDAQ:FLNC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 21,404 shares of the company’s stock, valued at approximately $423,000.

A number of other institutional investors also recently bought and sold shares of FLNC. Curio Wealth LLC purchased a new stake in Fluence Energy during the 4th quarter worth about $31,000. State of Wyoming purchased a new stake in Fluence Energy during the 4th quarter worth about $36,000. GAMMA Investing LLC lifted its holdings in Fluence Energy by 22.2% during the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after buying an additional 437 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Fluence Energy in the 3rd quarter valued at about $48,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Fluence Energy in the 3rd quarter valued at about $51,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

Fluence Energy Price Performance

FLNC opened at $23.71 on Monday. The business has a 50 day moving average price of $18.21 and a two-hundred day moving average price of $19.52. The company has a quick ratio of 0.91, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. The company has a market cap of $4.37 billion, a PE ratio of -65.86 and a beta of 2.76. Fluence Energy, Inc. has a 52 week low of $4.68 and a 52 week high of $33.51.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.02. The firm had revenue of $464.89 million during the quarter, compared to the consensus estimate of $614.93 million. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.62%.The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.24) EPS. As a group, research analysts anticipate that Fluence Energy, Inc. will post -0.22 EPS for the current year.

Insider Activity at Fluence Energy

In other Fluence Energy news, major shareholder Qatar Investment Authority sold 2,867,172 shares of the company’s 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 directly owned 11,801,103 shares of the company’s stock, valued at $247,823,163. This represents a 19.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Heynitz Harald Von sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $16.50, for a total value of $165,000.00. Following the sale, the director directly owned 63,550 shares of the company’s stock, valued at approximately $1,048,575. This represents a 13.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.69% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FLNC has been the subject of several research reports. Roth Mkm raised Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a report on Friday, May 8th. Canaccord Genuity Group set a $28.00 target price on Fluence Energy in a report on Friday, May 8th. Citigroup boosted their target price on Fluence Energy from $15.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Barclays reduced their target price on Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $15.00 target price on shares of Fluence Energy in a report on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Fluence Energy has an average rating of “Hold” and an average price target of $19.47.

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.