13,928 Shares in Fluence Energy, Inc. (NASDAQ:FLNC) Bought by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC purchased a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,928 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes 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 valued at $38,000 after purchasing an additional 1,475 shares during the period. CWM LLC increased its position in Fluence Energy by 164.4% during the third 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 acquired a new position in shares of Fluence Energy in the third quarter valued at $74,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Fluence Energy during the fourth quarter worth approximately $79,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Fluence Energy during the third quarter worth about $87,000. Institutional investors own 53.16% of the company’s stock.

Insider Activity at Fluence Energy

In other news, Director Herman E. Bulls acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were bought 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 $1,181,155.77. This trade represents a 15.18 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.65% of the stock is owned by corporate insiders.

Fluence Energy Price Performance

Shares of NASDAQ FLNC opened at $12.53 on Friday. Fluence Energy, Inc. has a 1 year low of $11.89 and a 1 year high of $26.12. The stock has a market capitalization of $2.27 billion, a P/E ratio of 96.38, a P/E/G ratio of 0.49 and a beta of 2.37. The company’s 50-day moving average is $15.58 and its 200 day moving average is $18.20.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Monday, November 25th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.11. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. Fluence Energy had a net margin of 0.89% and a return on equity of 4.10%. Fluence Energy’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same period last year, the business earned $0.02 EPS. Research analysts anticipate that Fluence Energy, Inc. will post 0.48 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on FLNC. Canaccord Genuity Group reduced their price objective on shares of Fluence Energy from $37.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. Jefferies Financial Group lowered shares of Fluence Energy from a “buy” rating to a “hold” rating and lowered their price target for the stock from $22.00 to $15.00 in a report on Wednesday, January 22nd. Bank of America cut their price target on Fluence Energy from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Truist Financial lifted their price target on shares of Fluence Energy from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Baird R W lowered shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Fluence Energy currently has an average rating of “Moderate Buy” and a consensus price target of $25.60.

About Fluence Energy

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.