Mezzasalma Advisors LLC Takes Position in Fluence Energy, Inc. (NASDAQ:FLNC)

Mezzasalma Advisors LLC purchased a new stake in Fluence Energy, Inc. (NASDAQ:FLNC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,928 shares of the company’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sanders Morris Harris LLC purchased a new stake in shares of Fluence Energy in the 4th quarter valued at approximately $812,000. SG Americas Securities LLC increased its holdings in shares of Fluence Energy by 79.2% in the 4th quarter. SG Americas Securities LLC now owns 48,883 shares of the company’s stock valued at $776,000 after acquiring an additional 21,597 shares during the last quarter. FMR LLC raised its holdings in Fluence Energy by 9.0% during the third quarter. FMR LLC now owns 1,606,100 shares of the company’s stock worth $36,475,000 after purchasing an additional 132,868 shares in the last quarter. Principal Financial Group Inc. acquired a new position in Fluence Energy in the third quarter valued at $5,742,000. Finally, Erste Asset Management GmbH purchased a new position in shares of Fluence Energy during the third quarter worth approximately $22,059,000. Institutional investors and hedge funds own 53.16% of the company’s stock.

Insider Transactions at Fluence Energy

In related news, Director Herman E. Bulls purchased 10,000 shares of Fluence Energy stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of $15.57 per share, with a total value of $155,700.00. Following the transaction, the director now owns 75,861 shares of the company’s stock, valued at approximately $1,181,155.77. The trade was a 15.18 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.65% of the company’s stock.

Fluence Energy Stock Performance

Shares of FLNC stock opened at $12.53 on Friday. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 96.38, a price-to-earnings-growth ratio of 0.49 and a beta of 2.37. Fluence Energy, Inc. has a one year low of $11.89 and a one year high of $26.12. The company has a 50 day moving average price of $15.58 and a 200 day moving average price of $18.20.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Monday, November 25th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.11. Fluence Energy had a return on equity of 4.10% and a net margin of 0.89%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the firm posted $0.02 EPS. The business’s revenue for the quarter was up 82.5% on a year-over-year basis. As a group, equities analysts forecast that Fluence Energy, Inc. will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on FLNC shares. BNP Paribas upgraded Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 target price on the stock in a research note on Friday, November 8th. BMO Capital Markets lifted their price target on Fluence Energy from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Barclays decreased their target price on shares of Fluence Energy from $28.00 to $22.00 and set an “overweight” rating on the stock in a research 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. Finally, Canaccord Genuity Group dropped their target price on shares of Fluence Energy from $37.00 to $34.00 and set a “buy” rating for the company in a report on Friday, November 29th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fluence Energy has a consensus rating of “Moderate Buy” and a consensus target price of $25.60.

Fluence Energy Company 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.