SG Americas Securities LLC Acquires 21,597 Shares of Fluence Energy, Inc. (NASDAQ:FLNC)

SG Americas Securities LLC grew its position in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 79.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,883 shares of the company’s stock after acquiring an additional 21,597 shares during the quarter. SG Americas Securities LLC’s holdings in Fluence Energy were worth $776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of FLNC. US Bancorp DE boosted its holdings in Fluence Energy by 676.6% during the 3rd quarter. US Bancorp DE now owns 1,693 shares of the company’s stock worth $38,000 after acquiring an additional 1,475 shares during the last quarter. CWM LLC boosted its holdings in shares of Fluence Energy by 164.4% in the 3rd quarter. CWM LLC now owns 2,842 shares of the company’s stock worth $65,000 after buying an additional 1,767 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Fluence Energy in the 3rd quarter worth about $74,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Fluence Energy in the 4th quarter worth about $79,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Fluence Energy in the 3rd quarter worth about $87,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fluence Energy

In other Fluence Energy news, Director Herman E. Bulls purchased 10,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of $15.57 per share, for a total transaction of $155,700.00. Following the completion of the purchase, the director now directly owns 75,861 shares of the company’s stock, valued at $1,181,155.77. This trade represents a 15.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

Fluence Energy Stock Up 4.7 %

Fluence Energy stock opened at $13.25 on Thursday. Fluence Energy, Inc. has a twelve month low of $12.43 and a twelve month high of $26.12. The company has a market capitalization of $2.40 billion, a P/E ratio of 101.92, a PEG ratio of 0.44 and a beta of 2.42. The stock’s 50 day moving average is $16.65 and its 200 day moving average is $18.41.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Monday, November 25th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.11. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.28 billion. Fluence Energy had a return on equity of 4.10% and a net margin of 0.89%. The company’s revenue was up 82.5% on a year-over-year basis. During the same period last year, the company earned $0.02 earnings per share. As a group, equities analysts expect that Fluence Energy, Inc. will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada cut their price target on shares of Fluence Energy from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Jefferies Financial Group downgraded shares of Fluence Energy from a “buy” rating to a “hold” rating and cut their price target for the stock from $22.00 to $15.00 in a report on Wednesday, January 22nd. Baird R W downgraded shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Robert W. Baird reissued a “neutral” rating and issued a $20.00 price target (down from $24.00) on shares of Fluence Energy in a report on Wednesday, December 18th. Finally, Canaccord Genuity Group dropped their price objective on shares of Fluence Energy from $37.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, November 29th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Fluence Energy has an average rating of “Moderate Buy” and an average price target of $25.60.

Fluence Energy Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.