Vident Advisory LLC Grows Holdings in Fluence Energy, Inc. $FLNC

Vident Advisory LLC grew its holdings in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 19.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,694 shares of the company’s stock after buying an additional 2,764 shares during the quarter. Vident Advisory LLC’s holdings in Fluence Energy were worth $81,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FLNC. Northern Trust Corp boosted its stake in shares of Fluence Energy by 3.9% during the 4th quarter. Northern Trust Corp now owns 597,881 shares of the company’s stock valued at $9,494,000 after buying an additional 22,308 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Fluence Energy by 0.4% during the 4th quarter. Ameriprise Financial Inc. now owns 440,002 shares of the company’s stock valued at $6,988,000 after buying an additional 1,734 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Fluence Energy during the 4th quarter valued at approximately $1,107,000. Bank of America Corp DE boosted its stake in shares of Fluence Energy by 44.4% during the 4th quarter. Bank of America Corp DE now owns 578,750 shares of the company’s stock valued at $9,191,000 after buying an additional 177,931 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Fluence Energy by 130.4% during the 4th quarter. Deutsche Bank AG now owns 99,043 shares of the company’s stock valued at $1,573,000 after buying an additional 56,055 shares during the last quarter. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

Fluence Energy Price Performance

Shares of NASDAQ FLNC opened at $6.94 on Friday. Fluence Energy, Inc. has a 1-year low of $3.46 and a 1-year high of $24.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 1.06. The business’s fifty day moving average price is $8.06 and its two-hundred day moving average price is $6.06. The firm has a market capitalization of $1.27 billion, a PE ratio of -33.05 and a beta of 2.66.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates 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. On average, research analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FLNC shares. JPMorgan Chase & Co. raised their price objective on Fluence Energy from $5.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Seaport Res Ptn cut Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada reduced their price objective on Fluence Energy from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 13th. Mizuho restated a “neutral” rating and set a $10.00 price objective (up from $6.00) on shares of Fluence Energy in a research note on Monday, July 14th. Finally, UBS Group raised their price objective on Fluence Energy from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 27th. Four equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Fluence Energy has a consensus rating of “Hold” and a consensus price target of $8.08.

About Fluence Energy

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.