Rockefeller Capital Management L.P. Has $1.13 Million Stock Holdings in Fluence Energy, Inc. $FLNC

Rockefeller Capital Management L.P. decreased its position in Fluence Energy, Inc. (NASDAQ:FLNC) by 49.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,949 shares of the company’s stock after selling 56,046 shares during the period. Rockefeller Capital Management L.P.’s holdings in Fluence Energy were worth $1,126,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dragoneer Investment Group LLC bought a new position in shares of Fluence Energy in the 3rd quarter valued at about $65,883,000. Price T Rowe Associates Inc. MD raised its stake in shares of Fluence Energy by 5,489.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock worth $60,247,000 after buying an additional 2,991,292 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Fluence Energy by 189.7% in 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 during the period. Jacobs Levy Equity Management Inc. acquired a new position in Fluence Energy in the third quarter valued at approximately $14,207,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Fluence Energy in the third quarter valued at approximately $12,901,000. 53.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on FLNC shares. Zacks Research raised shares of Fluence Energy from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Weiss Ratings lowered Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 8th. Guggenheim upgraded Fluence Energy from a “sell” rating to a “neutral” rating in a report on Thursday, March 19th. Glj Research initiated coverage on Fluence Energy in a report on Wednesday. They set a “buy” rating and a $26.00 target price on the stock. Finally, Susquehanna upped their price target on Fluence Energy from $23.00 to $25.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Six analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.83.

Insider Buying and Selling at Fluence Energy

In related news, SVP John Zahurancik sold 15,974 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $22.03, for a total transaction of $351,907.22. Following the completion of the transaction, the senior vice president directly owned 71,171 shares in the company, valued at approximately $1,567,897.13. This trade represents a 18.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 that occurred on Friday, May 15th. The shares were sold at an average price of $21.00, for a total value of $60,210,612.00. Following the completion of the sale, the insider directly owned 11,801,103 shares in the company, valued at approximately $247,823,163. This represents a 19.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,904,146 shares of company stock valued at $61,090,399 in the last 90 days. 0.69% of the stock is currently owned by company insiders.

Fluence Energy Stock Down 7.4%

Fluence Energy stock opened at $17.00 on Friday. The company has a 50 day moving average of $20.39 and a 200-day moving average of $19.53. The company has a quick ratio of 0.91, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. Fluence Energy, Inc. has a twelve month low of $6.60 and a twelve month high of $33.51. The stock has a market capitalization of $3.13 billion, a PE ratio of -47.22 and a beta of 2.75.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. The business had revenue of $464.89 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted ($0.24) earnings per share. On average, equities research analysts anticipate that Fluence Energy, Inc. will post -0.22 EPS for the current fiscal 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.