SG Americas Securities LLC Boosts Stock Holdings in Fluence Energy, Inc. (NASDAQ:FLNC)

SG Americas Securities LLC raised its stake in Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 79.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,883 shares of the company's stock after purchasing 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 & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Fluence Energy by 40.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 735,183 shares of the company's stock worth $12,755,000 after acquiring an additional 212,654 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Fluence Energy by 3.8% during the 2nd quarter. Hsbc Holdings PLC now owns 24,250 shares of the company's stock worth $420,000 after buying an additional 897 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Fluence Energy by 17.0% in the 2nd quarter. ProShare Advisors LLC now owns 12,328 shares of the company's stock worth $214,000 after buying an additional 1,789 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Fluence Energy by 219.1% in the second quarter. Marshall Wace LLP now owns 114,100 shares of the company's stock valued at $1,978,000 after acquiring an additional 78,344 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Fluence Energy by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 35,610 shares of the company's stock worth $617,000 after acquiring an additional 2,389 shares during the period. Hedge funds and other institutional investors own 53.16% of the company's stock.

Insider Activity

In related news, Director Herman E. Bulls purchased 10,000 shares of the firm's stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $15.57 per share, with a total value 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FLNC. Robert W. Baird reiterated a "neutral" rating and issued a $20.00 target price (down previously from $24.00) on shares of Fluence Energy in a research note on Wednesday, December 18th. Canaccord Genuity Group decreased their target price on shares of Fluence Energy from $37.00 to $34.00 and set a "buy" rating for the company in a research note on Friday, November 29th. Guggenheim reaffirmed a "buy" rating and set a $26.00 price target on shares of Fluence Energy in a research report on Friday, December 6th. Susquehanna lifted their target price on Fluence Energy from $23.00 to $28.00 and gave the company a "positive" rating in a research note on Wednesday, October 16th. Finally, BMO Capital Markets lifted their price objective on shares of Fluence Energy from $24.00 to $25.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $25.60.

Fluence Energy Stock Up 4.3 %

FLNC stock traded up $0.57 during trading on Thursday, hitting $13.82. 6,167,394 shares of the company's stock traded hands, compared to its average volume of 3,589,115. The stock has a fifty day moving average price of $16.65 and a two-hundred day moving average price of $18.41. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 106.31, a price-to-earnings-growth ratio of 0.44 and a beta of 2.42. Fluence Energy, Inc. has a 52 week low of $12.43 and a 52 week high of $26.12.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last announced its 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 business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.28 billion. Fluence Energy had a return on equity of 4.10% and a net margin of 0.89%. The company's quarterly revenue was up 82.5% on a year-over-year basis. During the same quarter last year, the business posted $0.02 earnings per share. As a group, equities research analysts expect that Fluence Energy, Inc. will post 0.55 EPS for the current fiscal 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.