Fluence Energy, Inc. (NASDAQ:FLNC) Stake Cut by Clarity Capital Partners LLC

Clarity Capital Partners LLC reduced its position in Fluence Energy, Inc. (NASDAQ:FLNC) by 75.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,642 shares of the company’s stock after selling 42,384 shares during the period. Clarity Capital Partners LLC’s holdings in Fluence Energy were worth $310,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Handelsbanken Fonder AB increased its position in Fluence Energy by 47.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 6,376,024 shares of the company’s stock worth $144,800,000 after purchasing an additional 2,047,063 shares during the last quarter. Vanguard Group Inc. increased its position in Fluence Energy by 11.9% in the 1st quarter. Vanguard Group Inc. now owns 6,178,218 shares of the company’s stock worth $107,130,000 after purchasing an additional 656,839 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Fluence Energy by 21.2% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,330,198 shares of the company’s stock valued at $75,086,000 after acquiring an additional 757,105 shares during the last quarter. Lazard Freres Gestion S.A.S. acquired a new position in shares of Fluence Energy during the 2nd quarter valued at about $26,877,000. Finally, Clearbridge Investments LLC increased its holdings in shares of Fluence Energy by 1.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,500,841 shares of the company’s stock valued at $26,025,000 after acquiring an additional 23,927 shares during the last quarter. 53.16% of the stock is owned by institutional investors and hedge funds.

Fluence Energy Stock Performance

Fluence Energy stock opened at $22.15 on Tuesday. Fluence Energy, Inc. has a one year low of $12.74 and a one year high of $27.80. The business has a 50 day simple moving average of $20.80 and a 200 day simple moving average of $19.34.

Insider Buying and Selling

In related 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 acquired at an average price of $16.81 per share, for a total transaction of $168,100.00. Following the transaction, the director now directly owns 65,861 shares of the company’s stock, valued at $1,107,123.41. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.41% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. BMO Capital Markets increased their price objective on Fluence Energy from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Jefferies Financial Group started coverage on Fluence Energy in a report on Wednesday, September 4th. They set a “buy” rating and a $26.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on Fluence Energy from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Susquehanna raised their target price on Fluence Energy from $23.00 to $28.00 and gave the company a “positive” rating in a report on Wednesday, October 16th. Finally, Barclays lowered their target price on Fluence Energy from $30.00 to $28.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.11.

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.