UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 3,395 Shares of Fluence Energy, Inc. (NASDAQ:FLNC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,207 shares of the company’s stock after acquiring an additional 3,395 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Fluence Energy were worth $3,661,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its holdings in Fluence Energy by 9.0% during the 3rd quarter. FMR LLC now owns 1,606,100 shares of the company’s stock worth $36,475,000 after buying an additional 132,868 shares during the period. DRW Securities LLC acquired a new stake in shares of Fluence Energy in the third quarter valued at approximately $1,124,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Fluence Energy by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 501,940 shares of the company’s stock valued at $11,399,000 after purchasing an additional 25,143 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Fluence Energy in the third quarter valued at approximately $309,000. Finally, Moors & Cabot Inc. acquired a new stake in shares of Fluence Energy in the third quarter valued at approximately $404,000. Institutional investors own 53.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FLNC shares. BNP Paribas upgraded shares of Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 price objective on the stock in a report on Friday, November 8th. Susquehanna lifted their price objective on shares of Fluence Energy from $23.00 to $28.00 and gave the company a “positive” rating in a report on Wednesday, October 16th. Truist Financial boosted their target price on shares of Fluence Energy from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Robert W. Baird lowered their target price on shares of Fluence Energy from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Finally, Royal Bank of Canada lowered their target price on shares of Fluence Energy from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.85.

Fluence Energy Stock Up 2.4 %

FLNC opened at $17.07 on Friday. The stock has a market cap of $3.09 billion, a PE ratio of 131.31, a PEG ratio of 0.55 and a beta of 2.39. The business has a 50 day moving average of $20.24 and a 200-day moving average of $19.52. Fluence Energy, Inc. has a 52 week low of $12.74 and a 52 week high of $27.39.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Monday, November 25th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 earnings per share. Equities analysts anticipate that Fluence Energy, Inc. will post 0.56 EPS for the current year.

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.