Thompson Siegel & Walmsley LLC Invests $3.92 Million in Fluence Energy, Inc. (NASDAQ:FLNC)

Thompson Siegel & Walmsley LLC purchased a new stake in Fluence Energy, Inc. (NASDAQ:FLNC) during the 2nd quarter, HoldingsChannel reports. The fund purchased 225,820 shares of the company’s stock, valued at approximately $3,916,000.

A number of other large investors have also recently bought and sold shares of FLNC. Federated Hermes Inc. lifted its holdings in shares of Fluence Energy by 9.6% during the second quarter. Federated Hermes Inc. now owns 21,069 shares of the company’s stock valued at $365,000 after acquiring an additional 1,851 shares during the period. DekaBank Deutsche Girozentrale boosted its position in Fluence Energy by 32.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 510,056 shares of the company’s stock valued at $8,844,000 after buying an additional 124,896 shares in the last quarter. Wellington Shields & Co. LLC bought a new stake in Fluence Energy during the second quarter worth about $217,000. Headlands Technologies LLC bought a new stake in Fluence Energy during the second quarter worth about $160,000. Finally, Wellington Shields Capital Management LLC increased its holdings in shares of Fluence Energy by 122.7% during the second quarter. Wellington Shields Capital Management LLC now owns 49,000 shares of the company’s stock worth $850,000 after buying an additional 27,000 shares in the last quarter. 53.16% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Herman E. Bulls purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of $16.81 per share, with a total value of $168,100.00. Following the completion of the purchase, the director now directly owns 65,861 shares in the company, valued at $1,107,123.41. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Fluence Energy Trading Up 0.4 %

Shares of FLNC stock opened at $21.73 on Monday. The stock has a market cap of $3.90 billion, a P/E ratio of -55.72, a price-to-earnings-growth ratio of 3.99 and a beta of 2.51. Fluence Energy, Inc. has a 1 year low of $12.74 and a 1 year high of $27.80. The stock has a 50 day simple moving average of $17.35 and a 200 day simple moving average of $17.88.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FLNC shares. Susquehanna reduced their target price on Fluence Energy from $24.00 to $23.00 and set a “positive” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada upgraded Fluence Energy to a “moderate buy” rating in a report on Friday, August 9th. Jefferies Financial Group assumed coverage on shares of Fluence Energy in a research report on Wednesday, September 4th. They set a “buy” rating and a $26.00 price target on the stock. Piper Sandler lowered their price objective on shares of Fluence Energy from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Fluence Energy from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $26.63.

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.