Mitsubishi UFJ Asset Management Co. Ltd. Has $481,000 Stock Position in Fluence Energy, Inc. $FLNC

Mitsubishi UFJ Asset Management Co. Ltd. lowered its position in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 55.3% during the fourth quarter, Holdings Channel reports. The fund owned 24,315 shares of the company’s stock after selling 30,054 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Fluence Energy were worth $481,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in FLNC. Dragoneer Investment Group LLC acquired a new position in Fluence Energy in the 3rd quarter worth approximately $65,883,000. Goldman Sachs Group Inc. grew its position in Fluence Energy by 189.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after purchasing an additional 2,076,668 shares in the last quarter. UBS Group AG raised its stake in Fluence Energy by 65.2% during the 4th quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock valued at $51,940,000 after purchasing an additional 1,036,423 shares during the period. Millennium Management LLC lifted its holdings in shares of Fluence Energy by 11.3% in the third quarter. Millennium Management LLC now owns 2,232,750 shares of the company’s stock valued at $24,114,000 after purchasing an additional 227,080 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its holdings in shares of Fluence Energy by 82.6% in the third quarter. Voloridge Investment Management LLC now owns 1,965,083 shares of the company’s stock valued at $21,223,000 after purchasing an additional 888,893 shares in the last quarter. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FLNC. Wall Street Zen downgraded Fluence Energy from a “hold” rating to a “sell” rating in a report on Saturday. BMO Capital Markets reissued a “market perform” rating and issued a $15.00 price objective on shares of Fluence Energy in a research note on Wednesday, April 29th. Roth Mkm upgraded Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday. Barclays lowered their target price on Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Monday, April 13th. Finally, UBS Group upped their target price on Fluence Energy from $8.00 to $9.00 and gave the company a “sell” rating in a report on Monday. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.82.

Key Fluence Energy News

Here are the key news stories impacting Fluence Energy this week:

• Negative Sentiment: Controlling stockholders are selling 20 million shares in a public offering, which can pressure the share price and raise dilution/overhang concerns. Article Title
• Negative Sentiment: Fluence will not receive any proceeds from the offering, so the transaction does not directly strengthen the company’s balance sheet or fund growth initiatives. Article Title
• Neutral Sentiment: Reputable underwriters Barclays, Goldman Sachs, and J.P. Morgan are handling the deal, which supports execution but does not change the underlying impact for shareholders. Article Title
• Neutral Sentiment: Earlier commentary noted improved analyst attention and a recent price target increase to $17, but the stock’s move today appears driven mainly by the share sale announcement. Article Title

Fluence Energy Trading Down 15.7%

NASDAQ FLNC opened at $21.28 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 0.85. Fluence Energy, Inc. has a 1-year low of $4.40 and a 1-year high of $33.51. The firm’s fifty day simple moving average is $15.06 and its 200-day simple moving average is $18.93. The company has a market capitalization of $3.91 billion, a PE ratio of -59.11 and a beta of 2.62.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.64%.The firm had revenue of $464.89 million during the quarter, compared to analysts’ expectations of $614.93 million. During the same quarter last year, the firm earned ($0.24) earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Fluence Energy, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Fluence Energy

In other news, Director Heynitz Harald Von sold 10,000 shares of Fluence Energy stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total transaction of $165,000.00. Following the completion of the sale, the director directly owned 63,550 shares in the company, valued at $1,048,575. The trade was a 13.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is owned by company insiders.

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.