KBC Group NV Has $2.93 Million Stake in Fluence Energy, Inc. $FLNC

KBC Group NV lowered its stake in Fluence Energy, Inc. (NASDAQ:FLNC) by 25.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,872 shares of the company’s stock after selling 50,025 shares during the quarter. KBC Group NV owned 0.08% of Fluence Energy worth $2,925,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Fluence Energy by 22.2% in the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after purchasing an additional 437 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Fluence Energy by 17.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the company’s stock valued at $79,000 after buying an additional 586 shares during the period. Jones Financial Companies Lllp increased its position in Fluence Energy by 8.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 13,452 shares of the company’s stock valued at $160,000 after buying an additional 1,063 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Fluence Energy by 1.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,185 shares of the company’s stock worth $1,082,000 after buying an additional 1,082 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Fluence Energy by 4.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,657 shares of the company’s stock worth $669,000 after buying an additional 1,434 shares during the period. Institutional investors and hedge funds own 53.16% of the company’s stock.

Fluence Energy Stock Down 0.1%

Shares of NASDAQ:FLNC opened at $13.53 on Monday. The business’s 50 day moving average is $15.62 and its 200 day moving average is $19.01. Fluence Energy, Inc. has a 12-month low of $3.46 and a 12-month high of $33.51. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of -30.75 and a beta of 2.96. The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 0.80.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings results on Wednesday, February 4th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.16). Fluence Energy had a negative net margin of 2.04% and a negative return on equity of 10.10%. The company had revenue of $475.23 million during the quarter, compared to analysts’ expectations of $444.23 million. During the same period in the previous year, the company posted ($0.32) earnings per share. The company’s quarterly revenue was up 154.4% compared to the same quarter last year. On average, sell-side analysts forecast that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on FLNC. The Goldman Sachs Group reduced their price objective on Fluence Energy from $28.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $12.00 target price on shares of Fluence Energy in a report on Tuesday, January 20th. Susquehanna reduced their price target on shares of Fluence Energy from $27.00 to $23.00 and set a “positive” rating for the company in a research report on Thursday, April 9th. Jefferies Financial Group set a $24.00 price target on shares of Fluence Energy in a research report on Monday, February 9th. Finally, Barclays decreased their price target on shares of Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating for the company in a research note on Monday, April 13th. Four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $15.89.

Insider Activity

In other news, Director Heynitz Harald Von sold 10,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $16.50, for a total value of $165,000.00. Following the completion of the sale, the director owned 63,550 shares in the company, valued at $1,048,575. This represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by insiders.

Fluence Energy Company 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.