Alpha Wealth Funds LLC Buys 13,000 Shares of Fluence Energy, Inc. $FLNC

Alpha Wealth Funds LLC grew its stake in Fluence Energy, Inc. (NASDAQ:FLNC) by 100.0% during the second quarter, Holdings Channel.com reports. The fund owned 26,000 shares of the company’s stock after purchasing an additional 13,000 shares during the quarter. Alpha Wealth Funds LLC’s holdings in Fluence Energy were worth $159,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Alps Advisors Inc. grew its stake in Fluence Energy by 2.5% in the 1st quarter. Alps Advisors Inc. now owns 99,891 shares of the company’s stock worth $484,000 after acquiring an additional 2,444 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Fluence Energy by 10.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 28,967 shares of the company’s stock worth $194,000 after acquiring an additional 2,669 shares in the last quarter. Vident Advisory LLC grew its stake in Fluence Energy by 19.8% in the 1st quarter. Vident Advisory LLC now owns 16,694 shares of the company’s stock worth $81,000 after acquiring an additional 2,764 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Fluence Energy by 2.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company’s stock worth $575,000 after acquiring an additional 3,364 shares in the last quarter. Finally, Moors & Cabot Inc. grew its stake in Fluence Energy by 7.0% in the 1st quarter. Moors & Cabot Inc. now owns 56,250 shares of the company’s stock worth $273,000 after acquiring an additional 3,675 shares in the last quarter. 53.16% of the stock is currently owned by institutional investors.

Fluence Energy Trading Down 6.4%

NASDAQ:FLNC opened at $18.33 on Friday. Fluence Energy, Inc. has a 52 week low of $3.46 and a 52 week high of $24.00. The firm has a 50 day moving average of $10.17 and a 200 day moving average of $7.39. The company has a quick ratio of 1.06, a current ratio of 1.64 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of -87.29 and a beta of 2.76.

Fluence Energy (NASDAQ:FLNC) last posted its earnings results on Monday, August 11th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. The company had revenue of $602.53 million during the quarter, compared to analysts’ expectations of $738.52 million. The business’s revenue was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Hsbc Global Res downgraded shares of Fluence Energy from a “hold” rating to a “moderate sell” rating in a research note on Wednesday, August 13th. Barclays set a $13.00 price target on shares of Fluence Energy in a research report on Tuesday, October 7th. Royal Bank Of Canada lowered their price target on shares of Fluence Energy from $8.00 to $7.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fluence Energy in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their price target on shares of Fluence Energy from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Fluence Energy has an average rating of “Hold” and an average target price of $9.33.

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.