Fluence Energy, Inc. $FLNC Shares Sold by Bryce Point Capital LLC

Bryce Point Capital LLC lowered its position in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 27.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,679 shares of the company’s stock after selling 33,161 shares during the period. Bryce Point Capital LLC’s holdings in Fluence Energy were worth $595,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Atria Investments Inc purchased a new stake in Fluence Energy during the 2nd quarter worth about $206,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of Fluence Energy during the 2nd quarter worth about $160,000. Teacher Retirement System of Texas purchased a new stake in Fluence Energy during the second quarter worth approximately $79,000. Canal Insurance CO boosted its holdings in Fluence Energy by 16.0% in the second quarter. Canal Insurance CO now owns 580,000 shares of the company’s stock valued at $3,892,000 after purchasing an additional 80,000 shares in the last quarter. Finally, TFB Advisors LLC boosted its holdings in Fluence Energy by 47.5% in the second quarter. TFB Advisors LLC now owns 16,038 shares of the company’s stock valued at $108,000 after purchasing an additional 5,165 shares in the last quarter. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FLNC shares. Royal Bank Of Canada reduced their price objective 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. Mizuho reissued a “neutral” rating and issued a $10.00 price target (up from $6.00) on shares of Fluence Energy in a research report on Monday, July 14th. BNP Paribas Exane restated an “underperform” rating and issued a $9.00 price objective on shares of Fluence Energy in a research note on Tuesday, October 21st. JPMorgan Chase & Co. lifted their target price on Fluence Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Finally, Hsbc Global Res downgraded Fluence Energy from a “hold” rating to a “moderate sell” rating in a report on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Fluence Energy presently has an average rating of “Reduce” and a consensus price target of $9.12.

Fluence Energy Trading Down 7.8%

NASDAQ FLNC opened at $19.18 on Wednesday. The firm’s fifty day moving average is $12.80 and its two-hundred day moving average is $8.68. Fluence Energy, Inc. has a one year low of $3.46 and a one year high of $24.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.64. The firm has a market cap of $3.50 billion, a PE ratio of -91.33 and a beta of 2.87.

Fluence Energy (NASDAQ:FLNC) last announced its earnings results on Monday, August 11th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $602.53 million during the quarter, compared to the consensus estimate of $738.52 million. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. Analysts expect that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Fluence Energy 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.