Prescott Group Capital Management L.L.C. Takes Position in Fluence Energy, Inc. (NASDAQ:FLNC)

Prescott Group Capital Management L.L.C. acquired a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 90,000 shares of the company's stock, valued at approximately $1,429,000.

Several other large investors have also modified their holdings of the stock. US Bancorp DE raised its holdings in Fluence Energy by 676.6% in the third quarter. US Bancorp DE now owns 1,693 shares of the company's stock valued at $38,000 after buying an additional 1,475 shares during the period. Point72 DIFC Ltd purchased a new position in Fluence Energy in the 3rd quarter valued at about $74,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Fluence Energy in the fourth quarter worth about $79,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Fluence Energy during the 3rd quarter valued at approximately $87,000. Finally, Morse Asset Management Inc bought a new stake in Fluence Energy during the third quarter valued at $175,000. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, CEO Julian Nebreda acquired 23,500 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $6.35 per share, for a total transaction of $149,225.00. Following the transaction, the chief executive officer now owns 120,455 shares of the company's stock, valued at $764,889.25. This trade represents a 24.24 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Herman E. Bulls bought 10,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $5.41 per share, for a total transaction of $54,100.00. Following the completion of the acquisition, the director now directly owns 115,861 shares in the company, valued at approximately $626,808.01. This trade represents a 9.45 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 89,000 shares of company stock valued at $655,365. 0.65% of the stock is currently owned by insiders.

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Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. BMO Capital Markets lowered shares of Fluence Energy from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $22.00 to $10.00 in a report on Tuesday, February 11th. Canaccord Genuity Group lowered their target price on Fluence Energy from $34.00 to $14.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Baird R W lowered Fluence Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. The Goldman Sachs Group dropped their target price on Fluence Energy from $26.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Finally, Bank of America lowered Fluence Energy from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $20.00 to $8.00 in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $14.34.

Fluence Energy Trading Down 0.4 %

FLNC traded down $0.02 during mid-day trading on Monday, reaching $5.58. The stock had a trading volume of 1,163,765 shares, compared to its average volume of 6,335,414. The stock has a market capitalization of $1.01 billion, a P/E ratio of -111.60 and a beta of 2.49. Fluence Energy, Inc. has a 52 week low of $4.78 and a 52 week high of $26.12. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.57. The firm's fifty day simple moving average is $11.51 and its two-hundred day simple moving average is $16.88.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.15). Fluence Energy had a negative return on equity of 0.36% and a negative net margin of 0.08%. On average, equities analysts predict that Fluence Energy, Inc. will post 0.08 EPS for the current year.

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.