Handelsbanken Fonder AB grew its position in Fluence Energy, Inc. (NASDAQ:FLNC – Free Report) by 47.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,376,024 shares of the company’s stock after purchasing an additional 2,047,063 shares during the quarter. Fluence Energy makes up about 0.6% of Handelsbanken Fonder AB’s investment portfolio, making the stock its 24th largest holding. Handelsbanken Fonder AB’s holdings in Fluence Energy were worth $144,800,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP purchased a new position in shares of Fluence Energy during the 4th quarter valued at $38,000. PARK CIRCLE Co bought a new stake in Fluence Energy during the second quarter valued at about $28,000. Pflug Koory LLC purchased a new position in shares of Fluence Energy in the first quarter valued at about $35,000. Baillie Gifford & Co. bought a new position in shares of Fluence Energy in the first quarter worth about $38,000. Finally, GAMMA Investing LLC grew its position in shares of Fluence Energy by 264.9% during the second quarter. GAMMA Investing LLC now owns 2,956 shares of the company’s stock worth $51,000 after purchasing 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 Up 1.9 %
FLNC traded up $0.42 during trading hours on Friday, reaching $21.99. 1,493,491 shares of the company’s stock traded hands, compared to its average volume of 2,291,801. The firm has a 50-day moving average price of $18.89 and a 200 day moving average price of $18.58. The firm has a market capitalization of $3.94 billion, a PE ratio of -56.38, a PEG ratio of 7.24 and a beta of 2.54. Fluence Energy, Inc. has a 52-week low of $12.74 and a 52-week high of $27.80.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on Fluence Energy
Insider Transactions at Fluence Energy
In related news, Director Herman E. Bulls bought 10,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were acquired at an average cost of $16.81 per share, for a total transaction of $168,100.00. Following the purchase, the director now directly owns 65,861 shares of the company’s stock, valued at approximately $1,107,123.41. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.41% of the company’s stock.
Fluence Energy 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.
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