Analysts Set Fluence Energy, Inc. (NASDAQ:FLNC) Price Target at $16.25

Fluence Energy, Inc. (NASDAQ:FLNC) has earned a consensus recommendation of “Hold” from the twenty-one brokerages that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $16.25.

Several research firms recently weighed in on FLNC. Needham & Company LLC initiated coverage on Fluence Energy in a report on Friday, March 20th. They issued a “hold” rating for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Fluence Energy in a report on Monday, December 29th. UBS Group reissued a “neutral” rating on shares of Fluence Energy in a research report on Thursday, January 15th. Roth Mkm reaffirmed a “neutral” rating and set a $26.00 price objective on shares of Fluence Energy in a report on Wednesday, January 28th. Finally, The Goldman Sachs Group raised their target price on shares of Fluence Energy from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th.

Fluence Energy Trading Down 5.4%

Fluence Energy stock opened at $14.15 on Monday. Fluence Energy has a one year low of $3.46 and a one year high of $33.51. The company’s fifty day moving average price is $19.76 and its two-hundred day moving average price is $18.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.08. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of -32.16 and a beta of 2.99.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings results on Wednesday, February 4th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.16). The company had revenue of $475.23 million during the quarter, compared to analyst estimates of $444.23 million. Fluence Energy had a negative return on equity of 10.10% and a negative net margin of 2.04%.Fluence Energy’s quarterly revenue was up 154.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.32) EPS. On average, analysts forecast that Fluence Energy will post 0.08 earnings per share for the current fiscal year.

Insider Transactions at Fluence Energy

In other news, Director Heynitz Harald Von sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total value of $165,000.00. Following the sale, the director directly owned 63,550 shares of the company’s stock, valued at approximately $1,048,575. This trade represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.69% of the stock is owned by company insiders.

Institutional Trading of Fluence Energy

Hedge funds have recently added to or reduced their stakes in the business. Dragoneer Investment Group LLC bought a new position in Fluence Energy in the 3rd quarter worth approximately $65,883,000. Price T Rowe Associates Inc. MD boosted its position in shares of Fluence Energy by 5,489.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock valued at $60,247,000 after acquiring an additional 2,991,292 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Fluence Energy by 189.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after acquiring an additional 2,076,668 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Fluence Energy in the third quarter worth $14,207,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Fluence Energy in the third quarter worth $12,901,000. Institutional investors own 53.16% of the company’s stock.

About Fluence Energy

Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.

The company’s core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.