Hsbc Holdings PLC Purchases 35,309 Shares of Fluence Energy, Inc. $FLNC

Hsbc Holdings PLC raised its position in Fluence Energy, Inc. (NASDAQ:FLNC) by 28.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 157,575 shares of the company’s stock after acquiring an additional 35,309 shares during the period. Hsbc Holdings PLC owned approximately 0.09% of Fluence Energy worth $3,144,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Dragoneer Investment Group LLC bought a new position in shares of Fluence Energy in the 3rd quarter worth $65,883,000. Price T Rowe Associates Inc. MD increased its stake in Fluence Energy by 5,489.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock valued at $60,247,000 after purchasing an additional 2,991,292 shares in the last quarter. Goldman Sachs Group Inc. increased its stake 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 valued at $15,380,000 after purchasing an additional 2,076,668 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Fluence Energy during the 3rd quarter valued at $14,207,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Fluence Energy during the third quarter worth $12,901,000. Institutional investors own 53.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Guggenheim raised shares of Fluence Energy from a “sell” rating to a “neutral” rating in a research note on Thursday, March 19th. Roth Mkm raised shares of Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Friday, May 8th. Wall Street Zen lowered shares of Fluence Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. 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 report on Monday, April 13th. Finally, Zacks Research upgraded Fluence Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $19.47.

Fluence Energy Stock Performance

Shares of FLNC stock opened at $19.27 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.91. The firm has a 50-day moving average of $19.98 and a 200-day moving average of $19.68. Fluence Energy, Inc. has a one year low of $6.06 and a one year high of $33.51. The company has a market cap of $3.55 billion, a P/E ratio of -53.53 and a beta of 2.76.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.02. The business had revenue of $464.89 million for 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%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.24) earnings per share. Equities research analysts forecast that Fluence Energy, Inc. will post -0.22 EPS for the current fiscal year.

Insider Transactions at Fluence Energy

In related news, Director Heynitz Harald Von sold 5,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the completion of the sale, the director directly owned 58,550 shares of the company’s stock, valued at approximately $1,463,750. This trade represents a 7.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Qatar Investment Authority sold 2,867,172 shares of Fluence Energy stock in a transaction on Friday, May 15th. The stock was sold at an average price of $21.00, for a total value of $60,210,612.00. Following the sale, the insider owned 11,801,103 shares in the company, valued at $247,823,163. This trade represents a 19.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,904,146 shares of company stock worth $61,090,399 in the last 90 days. Insiders own 0.69% of the company’s stock.

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.