CenterBook Partners LP Acquires 223,099 Shares of Fluence Energy, Inc. $FLNC

CenterBook Partners LP boosted its stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 99.8% during the third quarter, Holdings Channel.com reports. The firm owned 446,711 shares of the company’s stock after purchasing an additional 223,099 shares during the quarter. CenterBook Partners LP’s holdings in Fluence Energy were worth $4,824,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in shares of Fluence Energy by 8.6% during the third quarter. Jones Financial Companies Lllp now owns 13,452 shares of the company’s stock valued at $160,000 after buying an additional 1,063 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Fluence Energy by 25.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company’s stock worth $52,000 after acquiring an additional 1,586 shares in the last quarter. TFB Advisors LLC lifted its position in Fluence Energy by 13.8% during the third quarter. TFB Advisors LLC now owns 18,253 shares of the company’s stock valued at $197,000 after acquiring an additional 2,215 shares during the last quarter. American Century Companies Inc. boosted its stake in Fluence Energy by 3.4% in the second quarter. American Century Companies Inc. now owns 80,288 shares of the company’s stock valued at $539,000 after acquiring an additional 2,674 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Fluence Energy by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company’s stock worth $575,000 after purchasing an additional 3,364 shares during the last quarter. 53.16% of the stock is currently owned by institutional investors.

Fluence Energy Price Performance

NASDAQ:FLNC opened at $17.43 on Thursday. The company has a 50 day moving average price of $22.81 and a 200-day moving average price of $16.94. Fluence Energy, Inc. has a 1-year low of $3.46 and a 1-year high of $33.51. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of -39.61 and a beta of 2.90. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.08.

Fluence Energy (NASDAQ:FLNC) last posted its earnings results on Wednesday, February 4th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.16). The business 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 2.04% and a negative return on equity of 10.10%. Fluence Energy’s revenue was up 154.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.32) earnings per share. Equities research analysts forecast that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. The Goldman Sachs Group raised their price objective on Fluence Energy from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Wall Street Zen raised Fluence Energy from a “sell” rating to a “hold” rating in a report on Sunday, November 2nd. Citigroup boosted their price target on Fluence Energy from $7.50 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. UBS Group reaffirmed a “neutral” rating on shares of Fluence Energy in a research report on Thursday, January 15th. Finally, Roth Mkm reissued a “neutral” rating and set a $26.00 target price on shares of Fluence Energy in a research report on Wednesday, January 28th. Four equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Fluence Energy has a consensus rating of “Hold” and an average price target of $16.25.

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.