Mizuho Markets Americas LLC Sells 62,750 Shares of Fluence Energy, Inc. $FLNC

Mizuho Markets Americas LLC cut its stake in Fluence Energy, Inc. (NASDAQ:FLNC) by 31.5% during the fourth quarter, HoldingsChannel reports. The fund owned 136,435 shares of the company’s stock after selling 62,750 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Fluence Energy were worth $2,699,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FLNC. GAMMA Investing LLC lifted its stake in shares of 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 last quarter. Nisa Investment Advisors LLC grew its stake in Fluence Energy by 17.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the company’s stock valued at $79,000 after purchasing an additional 586 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in Fluence Energy by 10.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 9,638 shares of the company’s stock worth $191,000 after purchasing an additional 935 shares in the last quarter. Jones Financial Companies Lllp lifted 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, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Fluence Energy by 1.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,185 shares of the company’s stock valued at $1,082,000 after buying an additional 1,082 shares during the last quarter. 53.16% of the stock is owned by institutional investors.

Fluence Energy Stock Performance

Shares of Fluence Energy stock opened at $21.49 on Friday. The company has a 50 day moving average price of $15.78 and a 200 day moving average price of $18.99. The firm has a market capitalization of $3.96 billion, a P/E ratio of -59.69 and a beta of 2.62. 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, Inc. has a 52 week low of $4.40 and a 52 week high of $33.51.

Fluence Energy (NASDAQ:FLNC) last released its earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share for the quarter, topping 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 company had revenue of $464.89 million for the quarter, compared to the consensus estimate of $614.93 million. During the same quarter in the previous year, the firm earned ($0.24) EPS. Fluence Energy’s revenue was up 7.7% compared to the same quarter last year. Sell-side analysts expect that Fluence Energy, Inc. will post -0.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FLNC shares. Citigroup lifted their price objective on shares of Fluence Energy from $15.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. increased their target price on shares of Fluence Energy from $13.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Susquehanna raised their target price on shares of Fluence Energy from $23.00 to $25.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Weiss Ratings lowered shares of Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 8th. Finally, Zacks Research raised Fluence Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.47.

Insider Buying and Selling at Fluence Energy

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

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.