AXQ Capital LP Purchases New Shares in Fluence Energy, Inc. $FLNC

AXQ Capital LP acquired a new position in Fluence Energy, Inc. (NASDAQ:FLNC) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 30,898 shares of the company’s stock, valued at approximately $334,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FLNC. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Fluence Energy during the 3rd quarter valued at approximately $810,000. ANTIPODES PARTNERS Ltd raised its holdings in Fluence Energy by 64,545.5% in the third quarter. ANTIPODES PARTNERS Ltd now owns 1,091,216 shares of the company’s stock valued at $11,786,000 after acquiring an additional 1,089,528 shares in the last quarter. Essex Investment Management Co. LLC bought a new position in Fluence Energy during the 3rd quarter valued at $574,000. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Fluence Energy by 50.9% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 301,838 shares of the company’s stock worth $3,260,000 after acquiring an additional 101,838 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of Fluence Energy in the 2nd quarter worth about $160,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FLNC has been the topic of several research analyst reports. Bank of America set a $32.00 price target on shares of Fluence Energy in a research report on Tuesday, February 3rd. The Goldman Sachs Group increased their target price on Fluence Energy from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Johnson Rice reiterated a “hold” rating and issued a $18.00 target price on shares of Fluence Energy in a research report on Monday, December 8th. Susquehanna reissued a “positive” rating and set a $27.00 price target on shares of Fluence Energy in a research report on Friday, February 6th. Finally, Canaccord Genuity Group raised their price objective on Fluence Energy from $10.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.25.

Fluence Energy Stock Performance

Shares of FLNC stock opened at $16.33 on Thursday. Fluence Energy, Inc. has a 12-month low of $3.46 and a 12-month high of $33.51. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.08. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of -37.11 and a beta of 2.90. The business has a 50 day simple moving average of $22.26 and a 200 day simple moving average of $17.21.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings results on Wednesday, February 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $475.23 million for the quarter, compared to analyst estimates of $444.23 million. During the same quarter last year, the firm posted ($0.32) EPS. The company’s revenue was up 154.4% compared to the same quarter last year. On average, equities research analysts anticipate that Fluence Energy, Inc. will post 0.08 EPS for the current year.

About Fluence Energy

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.