Dockside LLC Makes New Investment in Fluence Energy, Inc. $FLNC

Dockside LLC bought a new position in shares of Fluence Energy, Inc. (NASDAQ:FLNC) during the 4th quarter, Holdings Channel.com reports. The fund bought 21,404 shares of the company’s stock, valued at approximately $423,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Curio Wealth LLC acquired a new position in Fluence Energy during the 4th quarter worth approximately $31,000. State of Wyoming acquired a new position in Fluence Energy during the 4th quarter worth approximately $36,000. GAMMA Investing LLC increased its position in Fluence Energy by 22.2% during the 4th 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. Advisory Services Network LLC acquired a new position in Fluence Energy during the 3rd quarter worth approximately $48,000. Finally, Quantbot Technologies LP acquired a new position in Fluence Energy during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 53.16% of the company’s stock.

Insiders Place Their Bets

In other Fluence Energy news, major shareholder Qatar Investment Authority sold 2,867,172 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $21.00, for a total transaction of $60,210,612.00. Following the transaction, the insider owned 11,801,103 shares of the company’s stock, valued at $247,823,163. This represents a 19.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Heynitz Harald Von sold 10,000 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total value of $165,000.00. Following the transaction, the director directly owned 63,550 shares in the company, valued at approximately $1,048,575. This represents a 13.60% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Weiss Ratings cut Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. upped their price target on Fluence Energy from $13.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. BMO Capital Markets restated a “market perform” rating and issued a $15.00 price target on shares of Fluence Energy in a report on Wednesday, April 29th. Citigroup upped their price target on Fluence Energy from $15.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Finally, Zacks Research upgraded Fluence Energy from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $19.47.

Fluence Energy Stock Performance

Shares of Fluence Energy stock opened at $23.71 on Monday. Fluence Energy, Inc. has a fifty-two week low of $4.68 and a fifty-two week high of $33.51. The firm has a market cap of $4.37 billion, a PE ratio of -65.86 and a beta of 2.76. The business’s fifty day moving average is $18.21 and its two-hundred day moving average is $19.52. The company has a quick ratio of 0.91, a current ratio of 1.43 and a debt-to-equity ratio of 0.85.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.62%.The company had revenue of $464.89 million for the quarter, compared to analyst estimates of $614.93 million. During the same quarter in the prior year, the company posted ($0.24) EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts anticipate that Fluence Energy, Inc. will post -0.22 earnings per share 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.