Fluence Energy, Inc. (NASDAQ:FLNC) Shares Sold by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC reduced its stake in Fluence Energy, Inc. (NASDAQ:FLNC) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 183,775 shares of the company’s stock after selling 11,400 shares during the period. EagleClaw Capital Managment LLC’s holdings in Fluence Energy were worth $2,918,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in FLNC. US Bancorp DE lifted its stake in shares of Fluence Energy by 676.6% in 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 period. Point72 DIFC Ltd bought a new stake in shares of Fluence Energy in the 3rd quarter worth approximately $74,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Fluence Energy in the 4th quarter worth approximately $79,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Fluence Energy in the 3rd quarter worth approximately $87,000. Finally, Morse Asset Management Inc bought a new stake in shares of Fluence Energy in the 3rd quarter worth approximately $175,000. 53.16% of the stock is owned by institutional investors and hedge funds.

Fluence Energy Stock Performance

FLNC stock opened at $5.28 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $958.58 million, a price-to-earnings ratio of -105.60 and a beta of 2.37. Fluence Energy, Inc. has a 12 month low of $4.78 and a 12 month high of $26.12. The firm has a 50 day moving average of $11.73 and a two-hundred day moving average of $16.98.

Fluence Energy (NASDAQ:FLNC) last posted its earnings results on Monday, February 10th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate 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%. As a group, equities analysts anticipate that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on FLNC. Roth Capital downgraded shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Susquehanna dropped their target price on shares of Fluence Energy from $23.00 to $10.00 and set a “positive” rating on the stock in a report on Wednesday, February 12th. UBS Group downgraded shares of Fluence Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $28.00 to $8.00 in a report on Wednesday, February 12th. Robert W. Baird reiterated a “neutral” rating and issued a $20.00 target price (down from $24.00) on shares of Fluence Energy in a report on Wednesday, December 18th. Finally, Royal Bank of Canada lowered shares of Fluence Energy from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $25.00 to $7.00 in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Fluence Energy has a consensus rating of “Hold” and an average price target of $14.34.

Insiders Place Their Bets

In other 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, with a total value of $149,225.00. Following the acquisition, the chief executive officer now owns 120,455 shares in the company, valued at approximately $764,889.25. This represents a 24.24 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Herman E. Bulls acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $5.41 per share, with a total value of $54,100.00. Following the completion of the acquisition, the director now owns 115,861 shares in the company, valued at $626,808.01. This trade represents a 9.45 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 89,000 shares of company stock valued at $655,365 over the last ninety days. Corporate insiders own 0.65% of the company’s stock.

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.