Entropy Technologies LP Makes New Investment in Fluence Energy, Inc. $FLNC

Entropy Technologies LP purchased a new stake in Fluence Energy, Inc. (NASDAQ:FLNC) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 44,154 shares of the company’s stock, valued at approximately $608,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FLNC. Legal & General Group Plc lifted its stake in shares of Fluence Energy by 882.1% in the fourth quarter. Legal & General Group Plc now owns 738,898 shares of the company’s stock worth $14,615,000 after acquiring an additional 663,660 shares during the period. Y Intercept Hong Kong Ltd increased its position in Fluence Energy by 194.3% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 177,037 shares of the company’s stock valued at $2,436,000 after purchasing an additional 116,882 shares during the period. Tudor Investment Corp ET AL bought a new position in Fluence Energy during the 3rd quarter worth approximately $4,062,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Fluence Energy by 493.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 445,350 shares of the company’s stock worth $8,809,000 after purchasing an additional 370,350 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of Fluence Energy by 65.2% in the 4th quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock worth $51,940,000 after purchasing an additional 1,036,423 shares during the period. Institutional investors and hedge funds own 53.16% of the company’s stock.

Fluence Energy Trading Down 5.8%

NASDAQ:FLNC opened at $11.89 on Thursday. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -33.03 and a beta of 2.75. The firm has a fifty day simple moving average of $19.55 and a two-hundred day simple moving average of $18.79. Fluence Energy, Inc. has a 12 month low of $6.60 and a 12 month high of $33.51.

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

Insider Activity

In other Fluence Energy news, major shareholder Qatar Investment Authority sold 2,867,172 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $21.00, for a total value of $60,210,612.00. Following the transaction, the insider owned 11,801,103 shares in the company, valued at approximately $247,823,163. This represents a 19.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Heynitz Harald Von sold 5,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.00, for a total value of $125,000.00. Following the completion of the transaction, the director owned 58,550 shares in the company, valued at approximately $1,463,750. The trade was a 7.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,904,146 shares of company stock worth $61,090,399 in the last three months. Company insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

FLNC has been the topic of a number of analyst reports. Weiss Ratings lowered shares of Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 8th. HSBC raised shares of Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 target price for the company in a research note on Friday, May 8th. Barclays dropped their target price on shares of Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. Susquehanna increased their price target on Fluence Energy from $23.00 to $25.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Fluence Energy from $13.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $19.53.

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.