Fluence Energy (NASDAQ:FLNC) Shares Down 7.6% – Should You Sell?

Fluence Energy, Inc. (NASDAQ:FLNC)’s stock price fell 7.6% during trading on Wednesday . The company traded as low as $25.18 and last traded at $25.79. 5,391,815 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 7,549,023 shares. The stock had previously closed at $27.91.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FLNC. Canaccord Genuity Group set a $28.00 target price on shares of Fluence Energy in a report on Friday, May 8th. Susquehanna upped their target price on shares of Fluence Energy from $23.00 to $25.00 and gave the company a “positive” rating in a report on Friday, May 8th. Wall Street Zen cut shares of Fluence Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Barclays reduced their target price on shares of Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. Finally, Royal Bank Of Canada upped their target price on shares of Fluence Energy from $12.00 to $16.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. Five research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Fluence Energy currently has a consensus rating of “Hold” and an average target price of $19.47.

Fluence Energy Trading Down 7.6%

The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.91. The business’s 50 day moving average price is $16.45 and its 200-day moving average price is $19.04. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of -71.61 and a beta of 2.77.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The business had revenue of $464.89 million for the quarter, compared to analyst estimates of $614.93 million. During the same period in the previous year, the business posted ($0.24) earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. Equities analysts forecast that Fluence Energy, Inc. will post -0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Heynitz Harald Von sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total value of $165,000.00. Following the completion of the transaction, the director directly owned 63,550 shares of the company’s stock, valued at $1,048,575. The trade was a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Qatar Investment Authority sold 2,867,172 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $21.00, for a total value of $60,210,612.00. Following the completion of the transaction, the insider directly owned 11,801,103 shares of the company’s stock, valued at approximately $247,823,163. This trade represents a 19.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.69% of the company’s stock.

Institutional Trading of Fluence Energy

A number of hedge funds have recently bought and sold shares of FLNC. Dragoneer Investment Group LLC acquired a new stake in Fluence Energy during the third quarter worth approximately $65,883,000. Price T Rowe Associates Inc. MD boosted its position in Fluence Energy by 5,489.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock worth $60,247,000 after acquiring an additional 2,991,292 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Fluence Energy by 189.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after acquiring an additional 2,076,668 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Fluence Energy during the first quarter worth approximately $19,579,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Fluence Energy in the 3rd quarter valued at $14,207,000. Institutional investors and hedge funds own 53.16% of the company’s stock.

Fluence Energy Company Profile

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.