Andar Capital Management HK Ltd Makes New Investment in Fluence Energy, Inc. $FLNC

Andar Capital Management HK Ltd bought a new position in Fluence Energy, Inc. (NASDAQ:FLNC) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $2,160,000. Fluence Energy makes up about 2.2% of Andar Capital Management HK Ltd’s portfolio, making the stock its 16th biggest holding. Andar Capital Management HK Ltd owned about 0.11% of Fluence Energy at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Stratos Wealth Partners LTD. grew its position in shares of Fluence Energy by 28.3% during the third quarter. Stratos Wealth Partners LTD. now owns 27,594 shares of the company’s stock worth $298,000 after purchasing an additional 6,084 shares in the last quarter. Essex Investment Management Co. LLC bought a new position in Fluence Energy in the 3rd quarter worth approximately $574,000. ProShare Advisors LLC grew its holdings in Fluence Energy by 55.4% during the 3rd quarter. ProShare Advisors LLC now owns 36,652 shares of the company’s stock valued at $396,000 after buying an additional 13,063 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Fluence Energy by 8.6% during the third 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 during the last quarter. Finally, TFB Advisors LLC raised its position in shares of Fluence Energy by 13.8% during the third quarter. TFB Advisors LLC now owns 18,253 shares of the company’s stock valued at $197,000 after buying an additional 2,215 shares during the last quarter. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Analysts Set New Price Targets

FLNC has been the subject of several research analyst reports. Morgan Stanley set a $16.00 target price on shares of Fluence Energy in a research note on Monday, January 26th. Canaccord Genuity Group increased their price objective on shares of Fluence Energy from $10.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Mizuho set a $13.00 target price on Fluence Energy in a report on Friday, February 6th. Roth Mkm reiterated a “neutral” rating and issued a $26.00 target price on shares of Fluence Energy in a research report on Wednesday, January 28th. Finally, UBS Group restated a “neutral” rating on shares of Fluence Energy in a report on Thursday, January 15th. Four investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $16.25.

Fluence Energy Stock Up 5.8%

NASDAQ FLNC opened at $18.46 on Friday. 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, Inc. has a 52 week low of $3.46 and a 52 week high of $33.51. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of -41.95 and a beta of 2.90. The company has a fifty day moving average of $23.15 and a two-hundred day moving average of $16.74.

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

Fluence Energy 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.