Fluence Energy, Inc. (NASDAQ:FLNC) Receives Average Rating of “Hold” from Analysts

Fluence Energy, Inc. (NASDAQ:FLNC) has earned an average recommendation of “Hold” from the twenty-two brokerages that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $19.8333.

Several equities analysts have commented on the company. Roth Capital raised Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Friday, May 8th. Wall Street Zen downgraded shares of Fluence Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Zacks Research upgraded shares of Fluence Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Barclays decreased their price target on shares of Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating for the company in a research note on Monday, April 13th. Finally, JPMorgan Chase & Co. increased their price objective on Fluence Energy from $13.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th.

Fluence Energy Price Performance

FLNC stock opened at $16.20 on Wednesday. The stock has a market cap of $2.99 billion, a PE ratio of -45.00 and a beta of 2.75. Fluence Energy has a 12 month low of $6.60 and a 12 month high of $33.51. The company has a 50-day moving average price of $20.60 and a 200 day moving average price of $19.45. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 0.85.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) earnings per share 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 company had revenue of $464.89 million for the quarter, compared to analyst estimates of $614.93 million. During the same period in the prior year, the company posted ($0.24) EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts anticipate that Fluence Energy will post -0.22 earnings per share for the current year.

Insider Activity

In other news, SVP John Zahurancik sold 15,974 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $22.03, for a total value of $351,907.22. Following the completion of the sale, the senior vice president owned 71,171 shares of the company’s stock, valued at approximately $1,567,897.13. This represents a 18.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Heynitz Harald Von sold 5,000 shares of Fluence Energy stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $25.00, for a total transaction of $125,000.00. Following the transaction, the director directly owned 58,550 shares in the company, valued at approximately $1,463,750. The trade was a 7.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 2,904,146 shares of company stock worth $61,090,399. 0.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Fluence Energy

Several hedge funds have recently modified their holdings of the company. Dragoneer Investment Group LLC purchased a new position in shares of Fluence Energy in the 3rd quarter worth approximately $65,883,000. Goldman Sachs Group Inc. increased its holdings 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 purchasing an additional 2,076,668 shares during the period. Bank of America Corp DE raised its position in Fluence Energy by 24.4% during the 1st quarter. Bank of America Corp DE now owns 3,085,730 shares of the company’s stock worth $42,460,000 after buying an additional 604,983 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Fluence Energy by 5,489.8% during the 4th 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. Finally, UBS Group AG increased its stake in shares of Fluence Energy by 65.2% in the fourth quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock worth $51,940,000 after acquiring an additional 1,036,423 shares during the period. 53.16% of the stock is owned by hedge funds and other institutional investors.

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.