Mirae Asset Global Investments Co. Ltd. Purchases Shares of 75,000 Fluence Energy, Inc. $FLNC

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Fluence Energy, Inc. (NASDAQ:FLNCFree Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 75,000 shares of the company’s stock, valued at approximately $810,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FLNC. Ameritas Investment Partners Inc. boosted its position in shares of Fluence Energy by 25.7% in the second quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company’s stock valued at $52,000 after acquiring an additional 1,586 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of Fluence Energy in the 2nd quarter valued at about $67,000. Activest Wealth Management purchased a new stake in shares of Fluence Energy during the second quarter valued at approximately $68,000. Teacher Retirement System of Texas purchased a new stake in Fluence Energy during the 2nd quarter valued at $79,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of Fluence Energy by 51.9% during the second quarter. SBI Securities Co. Ltd. now owns 12,285 shares of the company’s stock valued at $82,000 after acquiring an additional 4,200 shares during the last quarter. 53.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FLNC has been the subject of several research reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $12.00 target price on shares of Fluence Energy in a research report on Tuesday, January 20th. Jefferies Financial Group upgraded shares of Fluence Energy from an “underperform” rating to a “hold” rating and increased their price target for the stock from $11.00 to $16.00 in a research report on Wednesday, November 26th. Barclays lifted their price target on shares of Fluence Energy from $15.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Morgan Stanley set a $16.00 target price on Fluence Energy in a research note on Monday, January 26th. Finally, Roth Mkm reissued a “neutral” rating and set a $26.00 price target on shares of Fluence Energy in a research note on Wednesday, January 28th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $15.91.

Get Our Latest Stock Report on Fluence Energy

Fluence Energy Stock Down 10.1%

Shares of FLNC stock opened at $28.99 on Thursday. The stock has a market cap of $5.30 billion, a P/E ratio of -69.02 and a beta of 2.90. Fluence Energy, Inc. has a twelve month low of $3.46 and a twelve month high of $33.51. The stock has a 50 day moving average of $23.45 and a 200 day moving average of $16.28. The company has a current ratio of 1.51, a quick ratio of 1.17 and a debt-to-equity ratio of 0.71.

Fluence Energy (NASDAQ:FLNCGet Free Report) last released its quarterly earnings results on Wednesday, February 4th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.14). The firm had revenue of $475.23 million for the quarter, compared to analyst estimates of $444.23 million. Fluence Energy had a negative net margin of 2.14% and a negative return on equity of 9.21%. The firm’s quarterly revenue was up 154.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.32) EPS. As a group, sell-side analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current year.

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About Fluence Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Fluence Energy (NASDAQ:FLNC)

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