Thompson Siegel & Walmsley LLC Buys Shares of 225,820 Fluence Energy, Inc. (NASDAQ:FLNC)

Thompson Siegel & Walmsley LLC purchased a new position in Fluence Energy, Inc. (NASDAQ:FLNC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 225,820 shares of the company’s stock, valued at approximately $3,916,000. Thompson Siegel & Walmsley LLC owned about 0.13% of Fluence Energy as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Swiss National Bank lifted its holdings in Fluence Energy by 37.7% in the fourth quarter. Swiss National Bank now owns 123,900 shares of the company’s stock worth $2,955,000 after acquiring an additional 33,900 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Fluence Energy in the 1st quarter worth approximately $3,247,000. SG Americas Securities LLC acquired a new position in Fluence Energy during the 1st quarter valued at approximately $4,082,000. Norges Bank bought a new position in Fluence Energy during the 4th quarter worth $13,931,000. Finally, Quadrature Capital Ltd acquired a new stake in Fluence Energy in the fourth quarter worth $1,136,000. 53.16% of the stock is owned by institutional investors and hedge funds.

Fluence Energy Price Performance

Shares of Fluence Energy stock opened at $21.73 on Monday. The firm has a fifty day moving average price of $17.35 and a two-hundred day moving average price of $17.88. Fluence Energy, Inc. has a fifty-two week low of $12.74 and a fifty-two week high of $27.80. The company has a market cap of $3.90 billion, a PE ratio of -55.72, a price-to-earnings-growth ratio of 3.99 and a beta of 2.51.

Insider Activity at Fluence Energy

In other news, Director Herman E. Bulls acquired 10,000 shares of Fluence Energy stock in a transaction on Tuesday, August 13th. The stock was bought at an average price of $16.81 per share, for a total transaction of $168,100.00. Following the transaction, the director now owns 65,861 shares of the company’s stock, valued at $1,107,123.41. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on FLNC shares. Truist Financial started coverage on shares of Fluence Energy in a research report on Wednesday, July 10th. They set a “buy” rating and a $25.00 price target for the company. Bank of America decreased their target price on shares of Fluence Energy from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Piper Sandler cut their price target on Fluence Energy from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Barclays decreased their price objective on Fluence Energy from $30.00 to $28.00 and set an “overweight” rating for the company in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. boosted their price target on Fluence Energy from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.