Nuveen LLC Takes Position in Fluence Energy, Inc. $FLNC

Nuveen LLC purchased a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 194,273 shares of the company’s stock, valued at approximately $942,000. Nuveen LLC owned 0.11% of Fluence Energy as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Ameriprise Financial Inc. lifted its stake in shares of Fluence Energy by 0.4% during the fourth quarter. Ameriprise Financial Inc. now owns 440,002 shares of the company’s stock valued at $6,988,000 after acquiring an additional 1,734 shares during the period. Alps Advisors Inc. lifted its stake in shares of Fluence Energy by 2.5% during the first quarter. Alps Advisors Inc. now owns 99,891 shares of the company’s stock valued at $484,000 after acquiring an additional 2,444 shares during the period. MetLife Investment Management LLC lifted its stake in shares of Fluence Energy by 7.8% during the fourth quarter. MetLife Investment Management LLC now owns 37,557 shares of the company’s stock valued at $596,000 after acquiring an additional 2,718 shares during the period. Vident Advisory LLC lifted its stake in shares of Fluence Energy by 35.8% during the fourth quarter. Vident Advisory LLC now owns 13,930 shares of the company’s stock valued at $221,000 after acquiring an additional 3,672 shares during the period. Finally, Moors & Cabot Inc. lifted its stake in shares of Fluence Energy by 7.0% during the first quarter. Moors & Cabot Inc. now owns 56,250 shares of the company’s stock valued at $273,000 after acquiring an additional 3,675 shares during the period. Institutional investors and hedge funds own 53.16% of the company’s stock.

Fluence Energy Stock Down 4.5%

Shares of Fluence Energy stock opened at $7.40 on Tuesday. Fluence Energy, Inc. has a 1 year low of $3.46 and a 1 year high of $24.00. The business has a 50-day moving average of $8.03 and a two-hundred day moving average of $6.05. The company has a market capitalization of $1.35 billion, a P/E ratio of -35.24 and a beta of 2.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 1.06.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Mizuho reiterated a “neutral” rating and issued a $10.00 price objective (up previously from $6.00) on shares of Fluence Energy in a report on Monday, July 14th. Royal Bank Of Canada dropped their price objective on Fluence Energy from $8.00 to $7.00 and set a “sector perform” rating for the company in a report on Wednesday, August 13th. Hsbc Global Res downgraded Fluence Energy from a “hold” rating to a “moderate sell” rating in a report on Wednesday, August 13th. Barclays dropped their price objective on Fluence Energy from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, August 12th. Finally, Morgan Stanley upped their price objective on Fluence Energy from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. Four 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $8.08.

Fluence Energy Company 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.