Cwm LLC Sells 2,254 Shares of Fluence Energy, Inc. $FLNC

Cwm LLC reduced its position in Fluence Energy, Inc. (NASDAQ:FLNC) by 5.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 38,377 shares of the company’s stock after selling 2,254 shares during the period. Cwm LLC’s holdings in Fluence Energy were worth $258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FLNC. Bryce Point Capital LLC bought a new stake in shares of Fluence Energy during the first quarter valued at about $591,000. Janney Montgomery Scott LLC bought a new stake in Fluence Energy during the 1st quarter worth approximately $403,000. Mizuho Markets Americas LLC increased its holdings in Fluence Energy by 343.1% during the 1st quarter. Mizuho Markets Americas LLC now owns 281,185 shares of the company’s stock worth $1,364,000 after acquiring an additional 217,725 shares during the period. Federated Hermes Inc. increased its holdings in Fluence Energy by 2,409.2% during the 1st quarter. Federated Hermes Inc. now owns 541,168 shares of the company’s stock worth $2,625,000 after acquiring an additional 519,601 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in Fluence Energy by 616.2% during the 1st quarter. Hsbc Holdings PLC now owns 140,534 shares of the company’s stock worth $669,000 after acquiring an additional 120,913 shares during the period. 53.16% of the stock is currently owned by institutional investors.

Fluence Energy Trading Down 4.0%

NASDAQ FLNC opened at $18.74 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.64 and a debt-to-equity ratio of 0.75. Fluence Energy, Inc. has a twelve month low of $3.46 and a twelve month high of $24.00. The firm has a market capitalization of $3.42 billion, a PE ratio of -89.24 and a beta of 2.76. The stock’s 50 day moving average is $11.30 and its 200 day moving average is $7.97.

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. The firm had revenue of $602.53 million for the quarter, compared to analysts’ expectations of $738.52 million. Fluence Energy had a negative return on equity of 3.42% and a negative net margin of 0.76%.The firm’s quarterly revenue was up 24.7% on a year-over-year basis. Fluence Energy has set its FY 2025 guidance at EPS. Research analysts forecast that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FLNC. The Goldman Sachs Group upped their target price on Fluence Energy from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Bank of America upped their price objective on shares of Fluence Energy from $11.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday. Hsbc Global Res lowered shares of Fluence Energy from a “hold” rating to a “moderate sell” rating in a report on Wednesday, August 13th. BNP Paribas set a $9.00 price target on shares of Fluence Energy and gave the stock an “underperform” rating in a report on Tuesday, October 21st. Finally, Susquehanna increased their price target on shares of Fluence Energy from $9.00 to $17.00 and gave the stock a “positive” rating in a report on Monday, October 13th. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fluence Energy currently has a consensus rating of “Reduce” and a consensus price target of $9.12.

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.