SG Americas Securities LLC Raises Stock Holdings in Fluence Energy, Inc. $FLNC

SG Americas Securities LLC lifted its stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 1,794.8% in the second quarter, Holdings Channel reports. The institutional investor owned 1,868,711 shares of the company’s stock after buying an additional 1,770,090 shares during the quarter. SG Americas Securities LLC’s holdings in Fluence Energy were worth $12,539,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FLNC. Parallel Advisors LLC acquired a new position in Fluence Energy during the 2nd quarter worth $30,000. SBI Securities Co. Ltd. lifted its position in shares of Fluence Energy by 462.6% during the first quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company’s stock worth $39,000 after purchasing an additional 6,648 shares during the last quarter. TFB Advisors LLC acquired a new position in Fluence Energy in the first quarter worth about $53,000. Voleon Capital Management LP bought a new stake in Fluence Energy in the first quarter valued at about $55,000. Finally, Activest Wealth Management acquired a new stake in Fluence Energy during the second quarter valued at approximately $68,000. 53.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FLNC shares. Seaport Res Ptn downgraded Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Fluence Energy in a report on Friday, October 31st. Hsbc Global Res cut shares of Fluence Energy from a “hold” rating to a “moderate sell” rating in a report on Wednesday, August 13th. Royal Bank Of Canada reduced their price target on shares of Fluence Energy from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 13th. Finally, BNP Paribas set a $9.00 price objective on shares of Fluence Energy and gave the stock an “underperform” rating in a research note on Tuesday, October 21st. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, Fluence Energy presently has an average rating of “Reduce” and an average price target of $9.48.

Fluence Energy Trading Up 10.2%

Shares of FLNC stock opened at $17.91 on Friday. Fluence Energy, Inc. has a 1 year low of $3.46 and a 1 year high of $24.00. The firm has a market capitalization of $3.27 billion, a PE ratio of -85.29 and a beta of 2.88. The stock has a fifty day moving average of $14.79 and a two-hundred day moving average of $9.53. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.64.

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.