Granite Bay Wealth Management LLC bought a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC – Free Report) during the second quarter, HoldingsChannel reports. The firm bought 10,925 shares of the company’s stock, valued at approximately $209,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. PARK CIRCLE Co purchased a new position in Fluence Energy during the 2nd quarter valued at about $28,000. Pflug Koory LLC purchased a new position in shares of Fluence Energy during the first quarter valued at approximately $35,000. Baillie Gifford & Co. bought a new stake in shares of Fluence Energy in the 1st quarter worth approximately $38,000. Quarry LP purchased a new stake in shares of Fluence Energy in the 4th quarter worth approximately $38,000. Finally, GAMMA Investing LLC increased its position in Fluence Energy by 264.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,956 shares of the company’s stock valued at $51,000 after buying an additional 2,146 shares in the last quarter. 53.16% of the stock is owned by hedge funds and other institutional investors.
Fluence Energy Stock Performance
Shares of NASDAQ:FLNC opened at $21.57 on Wednesday. Fluence Energy, Inc. has a 52-week low of $12.74 and a 52-week high of $27.80. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of -55.31, a PEG ratio of 7.24 and a beta of 2.51. The stock’s 50-day simple moving average is $18.43 and its two-hundred day simple moving average is $18.43.
Wall Street Analyst Weigh In
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Insider Activity at Fluence Energy
In other Fluence Energy news, Director Herman E. Bulls bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average cost of $16.81 per share, for a total transaction of $168,100.00. Following the completion of the transaction, the director now owns 65,861 shares of the company’s stock, valued at approximately $1,107,123.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by company insiders.
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.
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