Bryce Point Capital LLC Has $474,000 Stake in Fluence Energy, Inc. $FLNC

Bryce Point Capital LLC reduced its position in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 50.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 43,864 shares of the company’s stock after selling 44,815 shares during the period. Bryce Point Capital LLC’s holdings in Fluence Energy were worth $474,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. 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 worth $52,000 after buying an additional 1,586 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Fluence Energy in the 2nd quarter worth about $67,000. Activest Wealth Management purchased a new stake in Fluence Energy in the 2nd quarter worth about $68,000. Chesley Taft & Associates LLC acquired a new stake in Fluence Energy during the 3rd quarter worth about $110,000. Finally, Teacher Retirement System of Texas purchased a new position in Fluence Energy during the 2nd quarter valued at about $79,000. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Fluence Energy Price Performance

Shares of FLNC opened at $18.99 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.08 and a current ratio of 1.48. The firm has a market cap of $3.47 billion, a PE ratio of -43.16 and a beta of 2.90. The firm’s 50 day moving average price is $23.42 and its 200 day moving average price is $16.60. Fluence Energy, Inc. has a twelve month low of $3.46 and a twelve month high of $33.51.

Fluence Energy (NASDAQ:FLNC) last posted its earnings results on Wednesday, February 4th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.16). The business had revenue of $475.23 million during the quarter, compared to the consensus estimate of $444.23 million. Fluence Energy had a negative return on equity of 10.10% and a negative net margin of 2.04%.The business’s revenue was up 154.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.32) earnings per share. As a group, research analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FLNC. Mizuho set a $13.00 target price on Fluence Energy in a report on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fluence Energy in a research report on Monday, December 29th. Morgan Stanley set a $16.00 target price on shares of Fluence Energy in a research report on Monday, January 26th. Canaccord Genuity Group lifted their target price on shares of Fluence Energy from $10.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Finally, Citigroup boosted their price target on shares of Fluence Energy from $7.50 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $16.50.

Fluence Energy Company Profile

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.