Herman E. Bulls Purchases 30,000 Shares of Fluence Energy, Inc. (NASDAQ:FLNC) Stock

Fluence Energy, Inc. (NASDAQ:FLNC) Director Herman E. Bulls acquired 30,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $6.53 per share, with a total value of $195,900.00. Following the completion of the transaction, the director now directly owns 105,861 shares of the company’s stock, valued at $691,272.33. This trade represents a 39.55 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Fluence Energy Price Performance

Fluence Energy stock opened at $6.43 on Friday. Fluence Energy, Inc. has a 1-year low of $6.05 and a 1-year high of $26.12. The stock has a market cap of $1.16 billion, a PE ratio of 49.46, a P/E/G ratio of 0.49 and a beta of 2.37. The stock’s fifty day moving average is $14.60 and its two-hundred day moving average is $17.93.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings data on Monday, February 10th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.15). Fluence Energy had a return on equity of 4.10% and a net margin of 0.89%. On average, research analysts expect that Fluence Energy, Inc. will post 0.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fluence Energy

Several hedge funds have recently made changes to their positions in the company. Duff & Phelps Investment Management Co. grew its holdings in shares of Fluence Energy by 5.6% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 27,192 shares of the company’s stock worth $432,000 after purchasing an additional 1,432 shares during the last quarter. US Bancorp DE grew its holdings in shares of Fluence Energy by 676.6% during the third quarter. US Bancorp DE now owns 1,693 shares of the company’s stock worth $38,000 after buying an additional 1,475 shares during the last quarter. Lazard Freres Gestion S.A.S. grew its holdings in shares of Fluence Energy by 7.3% during the fourth quarter. Lazard Freres Gestion S.A.S. now owns 22,180 shares of the company’s stock worth $352,000 after buying an additional 1,500 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Fluence Energy by 45.3% during the third quarter. Blue Trust Inc. now owns 4,821 shares of the company’s stock worth $109,000 after buying an additional 1,502 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Fluence Energy by 1.6% during the fourth quarter. KBC Group NV now owns 108,296 shares of the company’s stock worth $1,720,000 after buying an additional 1,671 shares during the last quarter. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Guggenheim lowered Fluence Energy from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $26.00 to $6.00 in a research report on Tuesday, February 11th. BMO Capital Markets cut Fluence Energy from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $22.00 to $10.00 in a research note on Tuesday, February 11th. Roth Capital cut Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley decreased their price target on Fluence Energy from $20.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Barclays decreased their price target on Fluence Energy from $22.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $14.64.

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.