Prospera Financial Services Inc Trims Stock Position in Fluence Energy, Inc. $FLNC

Prospera Financial Services Inc cut its holdings in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 45.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,508 shares of the company’s stock after selling 33,801 shares during the quarter. Prospera Financial Services Inc’s holdings in Fluence Energy were worth $801,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Fluence Energy during the third quarter worth about $810,000. ANTIPODES PARTNERS Ltd lifted its position in Fluence Energy by 64,545.5% during the third quarter. ANTIPODES PARTNERS Ltd now owns 1,091,216 shares of the company’s stock worth $11,786,000 after buying an additional 1,089,528 shares during the period. Essex Investment Management Co. LLC purchased a new position in Fluence Energy during the third quarter worth about $574,000. Tudor Investment Corp ET AL purchased a new position in Fluence Energy during the third quarter worth about $4,062,000. Finally, Dragoneer Investment Group LLC purchased a new position in Fluence Energy during the third quarter worth about $65,883,000. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

Fluence Energy Stock Performance

Fluence Energy stock opened at $18.88 on Friday. The stock’s 50-day moving average is $16.22 and its 200-day moving average is $19.01. The company has a market cap of $3.48 billion, a price-to-earnings ratio of -52.44 and a beta of 2.62. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.91. Fluence Energy, Inc. has a 12 month low of $4.40 and a 12 month high of $33.51.

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

Insider Transactions at Fluence Energy

In other news, major shareholder Qatar Investment Authority sold 2,867,172 shares of the stock in a transaction dated 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 completion of the sale, the insider owned 11,801,103 shares in the company, valued at approximately $247,823,163. This trade represents a 19.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Heynitz Harald Von sold 10,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $16.50, for a total value of $165,000.00. Following the completion of the sale, the director owned 63,550 shares of the company’s stock, valued at approximately $1,048,575. This trade represents a 13.60% decrease in their position. The SEC filing for this sale provides additional information. 0.69% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FLNC shares. Royal Bank Of Canada increased their target price on Fluence Energy from $12.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Monday, May 11th. Mizuho set a $13.00 price objective on Fluence Energy in a report on Friday, February 6th. Susquehanna raised their price objective on Fluence Energy from $23.00 to $25.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Jefferies Financial Group set a $24.00 price objective on Fluence Energy in a report on Monday, February 9th. Finally, HSBC upgraded Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 price objective on the stock in a report on Friday, May 8th. Five research 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 MarketBeat.com, Fluence Energy presently has a consensus rating of “Hold” and an average target price of $19.47.

Fluence Energy Company 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.