Insider Trading Report: Fluence Energy (FLNC)

Harald von Heynitz, a director at Fluence Energy (FLNC) recently added 1,000 shares. That represents an initial stake for the director, and came to a total cost of $28,000.

  • Special: This Company’s Share Price has Increased 1650% Since 2016
  • He was joined by director Herman Bulls, who picked up 10,000 shares, paying $280,000 to do so. That was also an initial buy. The company is a subsidiary of German conglomerate Siemens, and shares went public on October 28, so more insider buys may be in store in the weeks to come.

    Full data on insider ownership is not yet available, but funds only own about 37 percent of shares. The energy storage company’s shares are up about 5.5 percent overall since going public.

    Besides traditional storage products, the company also offers digital applications for renewable and storage applications worldwide, trying to create an energy-as-a-service business model.

    Action to take: The company’s business model looks to move the utility industry into today’s hyper-technological world, and makes shares worth looking into here. Investors may want to wait until more operating data is available, and shares are likely some ways off from paying a dividend if they can use cash flow to build up its tech side first.

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  • Traders might want to consider shares here, given the slight uptrend in the stock’s limited operating history so far. In a few weeks, traders will also likely be able to trade options, and should wait until a trading pattern in shares can be established.

     

    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.