Union Bancaire Privee UBP SA Makes New Investment in Fluence Energy, Inc. (NASDAQ:FLNC)

Union Bancaire Privee UBP SA acquired a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,980 shares of the company’s stock, valued at approximately $340,000.

Several other large investors have also modified their holdings of the stock. US Bancorp DE boosted its position 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 shares of Fluence Energy by 164.4% in the third quarter. CWM LLC now owns 2,842 shares of the company’s stock worth $65,000 after acquiring an additional 1,767 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Fluence Energy during the third quarter valued at approximately $74,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Fluence Energy in the 3rd quarter valued at approximately $87,000. Finally, Blue Trust Inc. boosted its stake in Fluence Energy by 45.3% in the 3rd quarter. Blue Trust Inc. now owns 4,821 shares of the company’s stock worth $109,000 after purchasing an additional 1,502 shares during the period. 53.16% of the stock is owned by institutional investors.

Fluence Energy Stock Performance

NASDAQ FLNC opened at $12.65 on Wednesday. The stock has a 50-day simple moving average of $16.82 and a 200 day simple moving average of $18.44. Fluence Energy, Inc. has a twelve month low of $12.43 and a twelve month high of $26.12. The stock has a market capitalization of $2.29 billion, a PE ratio of 97.31, a P/E/G ratio of 0.44 and a beta of 2.42.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results 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 company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company earned $0.02 earnings per share. The company’s quarterly revenue was up 82.5% compared to the same quarter last year. As a group, equities research analysts forecast that Fluence Energy, Inc. will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling

In other Fluence Energy news, Director Herman E. Bulls purchased 10,000 shares of the stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $15.57 per share, with a total value of $155,700.00. Following the acquisition, the director now directly owns 75,861 shares of the company’s stock, valued at $1,181,155.77. This represents a 15.18 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.41% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FLNC. Barclays reduced their target price on Fluence Energy from $28.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. BMO Capital Markets lifted their target price on Fluence Energy from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Guggenheim restated a “buy” rating and set a $26.00 price target on shares of Fluence Energy in a report on Friday, December 6th. Truist Financial boosted their price objective 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, Piper Sandler increased their target price on shares of Fluence Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.