Charles Schwab Investment Management Inc. Sells 88,250 Shares of Fluence Energy, Inc. $FLNC

Charles Schwab Investment Management Inc. reduced its stake in Fluence Energy, Inc. (NASDAQ:FLNC) by 16.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 435,622 shares of the company’s stock after selling 88,250 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.24% of Fluence Energy worth $2,113,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. raised its stake in shares of Fluence Energy by 462.6% in the first quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company’s stock valued at $39,000 after buying an additional 6,648 shares during the period. Silverlake Wealth Management LLC purchased a new stake in Fluence Energy in the 1st quarter worth about $56,000. Alpha Wealth Funds LLC bought a new stake in Fluence Energy in the 1st quarter valued at about $63,000. Stratos Wealth Partners LTD. purchased a new stake in Fluence Energy during the first quarter valued at about $82,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Fluence Energy by 827.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,516 shares of the company’s stock valued at $88,000 after purchasing an additional 4,921 shares during the last quarter. Institutional investors own 53.16% of the company’s stock.

Fluence Energy Trading Down 4.5%

Shares of FLNC stock opened at $7.40 on Monday. The company has a market capitalization of $1.35 billion, a PE ratio of -35.24 and a beta of 2.66. Fluence Energy, Inc. has a 52-week low of $3.46 and a 52-week high of $24.00. The business’s fifty day moving average is $8.00 and its 200 day moving average is $6.04. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.64.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. The firm had revenue of $602.53 million for the quarter, compared to analyst estimates of $738.52 million. The company’s revenue was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FLNC shares. Hsbc Global Res lowered shares of Fluence Energy from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, August 13th. The Goldman Sachs Group reduced their price objective on shares of Fluence Energy from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, May 9th. JPMorgan Chase & Co. boosted their target price on shares of Fluence Energy from $5.00 to $8.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Seaport Res Ptn downgraded Fluence Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 22nd. Finally, Susquehanna raised their price target on Fluence Energy from $6.00 to $11.00 and gave the stock a “positive” rating in a report on Monday, July 21st. Four equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Fluence Energy currently has a consensus rating of “Hold” and an average target price of $8.08.

Fluence Energy Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.