Rockefeller Capital Management L.P. Has $1.13 Million Stake in Fluence Energy, Inc. $FLNC

Rockefeller Capital Management L.P. lowered its holdings in Fluence Energy, Inc. (NASDAQ:FLNC) by 49.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,949 shares of the company’s stock after selling 56,046 shares during the period. Rockefeller Capital Management L.P.’s holdings in Fluence Energy were worth $1,126,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLNC. Curio Wealth LLC bought a new stake in Fluence Energy during the 4th quarter worth about $31,000. State of Wyoming bought a new position in shares of Fluence Energy in the 4th quarter valued at about $36,000. GAMMA Investing LLC grew its holdings in shares of Fluence Energy by 22.2% in the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after acquiring an additional 437 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Fluence Energy in the third quarter valued at about $48,000. Finally, Sankala Group LLC acquired a new stake in shares of Fluence Energy in the fourth quarter valued at about $51,000. 53.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fluence Energy

In related news, SVP John Zahurancik sold 15,974 shares of Fluence Energy stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $22.03, for a total transaction of $351,907.22. Following the completion of the transaction, the senior vice president owned 71,171 shares of the company’s stock, valued at $1,567,897.13. This trade represents a 18.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Heynitz Harald Von sold 5,000 shares of Fluence Energy stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $25.00, for a total value of $125,000.00. Following the completion of the transaction, the director directly owned 58,550 shares of the company’s stock, valued at approximately $1,463,750. This trade represents a 7.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,904,146 shares of company stock worth $61,090,399 over the last three months. 0.69% of the stock is owned by company insiders.

Fluence Energy Stock Down 7.4%

Shares of NASDAQ FLNC opened at $17.00 on Friday. 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 1 year low of $6.60 and a 1 year high of $33.51. The firm has a market cap of $3.13 billion, a PE ratio of -47.22 and a beta of 2.75. The company has a 50 day simple moving average of $20.39 and a 200 day simple moving average of $19.53.

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

Analysts Set New Price Targets

FLNC has been the topic of several analyst reports. Canaccord Genuity Group set a $28.00 price target on Fluence Energy in a research report on Friday, May 8th. UBS Group upped their price target on shares of Fluence Energy from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Monday, May 11th. Zacks Research upgraded Fluence Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Needham & Company LLC initiated coverage on shares of Fluence Energy in a report on Friday, March 20th. They set a “hold” rating on the stock. Finally, Wall Street Zen downgraded Fluence Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Six investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $19.83.

About Fluence Energy

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.