17,406 Shares in Fluence Energy, Inc. (NASDAQ:FLNC) Purchased by Mirova

Mirova bought a new stake in Fluence Energy, Inc. (NASDAQ:FLNC) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 17,406 shares of the company’s stock, valued at approximately $276,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. MetLife Investment Management LLC boosted its position in Fluence Energy by 7.8% during the fourth quarter. MetLife Investment Management LLC now owns 37,557 shares of the company’s stock worth $596,000 after purchasing an additional 2,718 shares in the last quarter. Covalis Capital LLP purchased a new position in Fluence Energy during the 4th quarter valued at about $12,113,000. Dimensional Fund Advisors LP raised its position in Fluence Energy by 22.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,134,173 shares of the company’s stock worth $18,013,000 after acquiring an additional 207,784 shares during the last quarter. First Trust Advisors LP grew its position in shares of Fluence Energy by 9.2% in the fourth quarter. First Trust Advisors LP now owns 856,268 shares of the company’s stock valued at $13,598,000 after purchasing an additional 72,302 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Fluence Energy during the 4th quarter worth approximately $1,469,000. 53.16% of the stock is currently owned by institutional investors and hedge funds.

Fluence Energy Stock Performance

Fluence Energy stock opened at $3.69 on Friday. The firm’s fifty day moving average price is $5.23 and its 200 day moving average price is $13.46. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.57 and a quick ratio of 1.14. The company has a market capitalization of $669.92 million, a price-to-earnings ratio of -73.80 and a beta of 2.48. Fluence Energy, Inc. has a 12-month low of $3.49 and a 12-month high of $26.12.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Monday, February 10th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.15). Fluence Energy had a negative net margin of 0.08% and a negative return on equity of 0.36%. On average, research analysts forecast that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Insider Transactions at Fluence Energy

In related news, CEO Julian Nebreda acquired 23,500 shares of Fluence Energy stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $6.35 per share, for a total transaction of $149,225.00. Following the purchase, the chief executive officer now directly owns 120,455 shares of the company’s stock, valued at $764,889.25. The trade was a 24.24 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Herman E. Bulls bought 30,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $6.53 per share, with a total value of $195,900.00. Following the transaction, the director now directly owns 105,861 shares in the company, valued at approximately $691,272.33. The trade was a 39.55 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 79,000 shares of company stock valued at $499,665. 0.65% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Piper Sandler reduced their price objective on Fluence Energy from $20.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Robert W. Baird lowered their price target on shares of Fluence Energy from $9.00 to $5.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Canaccord Genuity Group reduced their price objective on shares of Fluence Energy from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday. Susquehanna lowered their target price on shares of Fluence Energy from $10.00 to $8.00 and set a “positive” rating for the company in a research note on Monday, April 14th. Finally, Truist Financial reduced their price target on Fluence Energy from $28.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Fluence Energy currently has a consensus rating of “Hold” and a consensus price target of $11.43.

Fluence Energy Company Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.