I REALIZE I AM NOT GIVING YOU THE MEAT AND BONES OF THE FLNC STORY BUT SINCE WE HAVE BEEN ON THIS NAME FOR SO LONG ALL YOU NEED DO IS SEARCH THE SYMBOL ABOVE. IN A NUTSHELL THIS IS BATTERY STORAGE OF GRID SIZED ELECTRICITY. AND REALLY A NEXT TEN YEARS STORY.. AS MORE AND MORE GRIDS SET UP SOLAR SIDE ACTION AND REALIZE HOW MUCH THEY CAN STORE FOR FUTURE USE.. OR SELL INTO THE MARKET PLACE<--- THIS REMINDS ME OF CARBON CONTRACTS TWENTY YEARS AGO....
July 7 IBD ran a piece that I thought was a little shrill but I guess it was for new buyers that had just gotten in on their advice not old souls like us> Fluence Energy (FLNC) has triggered a sell signal after breaking out of a cup base with a 26.78 buy point on June 6. It also topped a handle entry at 24.77 prior to that. The energy storage stock started its climb following its March-ended quarterly report on May 10, when its CEO said the company expects some rewards from the Inflation Reduction Act in the second half of the year. Shares plunged below the 21-day exponential moving average on June 23 in heavy volume. That 7.3% drop triggered the round-trip sell rule from the 26.78 and 24.77 buy points. Shares are now testing the 50-day moving average amid uncertain chart action.
At $28.50 the IBD advice on FLNC looks stale to me. Having bailed at $26 & $24 what are they to tell their viewers now if it gaps up at earn and runs to $33 as I think it will.
These are small purchases but no sellers that's rare-- What Do They Know?- Institutional Investors Weigh In On Ideal Power Hedge funds have recently modified their holdings of the business. State Street Corp grew its position in shares of Ideal Power by 7.9% during the 1st quarter. State Street Corp now owns 18,047 shares of the industrial products company’s stock valued at $159,000 after acquiring an additional 1,319 shares during the period. Worth Venture Partners LLC lifted its stake in shares of Ideal Power by 14.3% during the 1st quarter. Worth Venture Partners LLC now owns 52,888 shares of the industrial products company’s stock valued at $465,000 after buying an additional 6,613 shares in the last quarter. UBS Group AG lifted its stake in shares of Ideal Power by 2.6% during the 3rd quarter. UBS Group AG now owns 52,799 shares of the industrial products company’s stock valued at $547,000 after buying an additional 1,340 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of Ideal Power by 10.8% during the 3rd quarter. Baird Financial Group Inc. now owns 216,560 shares of the industrial products company’s stock valued at $2,241,000 after buying an additional 21,127 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Ideal Power by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 235,870 shares of the industrial products company’s stock valued at $2,441,000 after buying an additional 6,716 shares in the last quarter. Institutional investors own 20.20% of the company’s stock.
A lot of that CTLP buying was when the stock was $4 / but if you scrawl back into Feb they were buying at $7. No selling. That's good stuff.