Fluence Energy (NASDAQ:FLNC) Trading 8.5% Higher – Time to Buy?

Fluence Energy, Inc. (NASDAQ:FLNC)’s share price shot up 8.5% during mid-day trading on Tuesday . The stock traded as high as $11.23 and last traded at $11.2290. Approximately 3,293,715 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 7,947,335 shares. The stock had previously closed at $10.35.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Barclays cut Fluence Energy from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $16.00 to $10.00 in a report on Thursday, September 3rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Fluence Energy in a research note on Wednesday, August 5th. Royal Bank Of Canada cut their price objective on shares of Fluence Energy from $16.00 to $15.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Glj Research lowered shares of Fluence Energy from a “buy” rating to a “hold” rating and lowered their target price for the stock from $26.00 to $12.89 in a report on Thursday, August 20th. Finally, UBS Group upgraded shares of Fluence Energy from a “sell” rating to a “neutral” rating and upped their target price for the company from $9.00 to $12.00 in a research report on Tuesday, August 25th. Six investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.73.

Fluence Energy Trading Up 8.0%

The company has a market capitalization of $2.06 billion, a P/E ratio of -18.39 and a beta of 2.74. The business has a 50 day moving average price of $13.60 and a 200 day moving average price of $16.36. The company has a current ratio of 1.34, a quick ratio of 0.89 and a debt-to-equity ratio of 0.91.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.24) earnings per share for the quarter. The firm had revenue of $649.85 million for the quarter, compared to the consensus estimate of $818.57 million. Fluence Energy had a negative return on equity of 16.79% and a negative net margin of 3.13%.During the same period in the previous year, the business earned $0.01 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Analysts anticipate that Fluence Energy, Inc. will post -0.51 EPS for the current year.

Insiders Place Their Bets

In related news, Director Harald von Heynitz sold 5,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the sale, the director owned 58,550 shares of the company’s stock, valued at approximately $1,463,750. This trade represents a 7.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP John Zahurancik sold 16,000 shares of Fluence Energy stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $25.18, for a total value of $402,880.00. Following the transaction, the senior vice president owned 87,145 shares in the company, valued at approximately $2,194,311.10. This represents a 15.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 36,974 shares of company stock worth $879,787. Insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Fluence Energy

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its stake in Fluence Energy by 31.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock worth $38,000 after purchasing an additional 672 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Fluence Energy by 4.5% in the first quarter. Sei Investments Co. now owns 16,222 shares of the company’s stock valued at $223,000 after buying an additional 703 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of Fluence Energy by 10.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 9,638 shares of the company’s stock valued at $191,000 after buying an additional 935 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Fluence Energy by 1.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,185 shares of the company’s stock worth $1,082,000 after acquiring an additional 1,082 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Fluence Energy by 5.8% during the fourth quarter. New York State Common Retirement Fund now owns 20,095 shares of the company’s stock worth $397,000 after acquiring an additional 1,100 shares during the period. 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.