Fluence Energy (NASDAQ:FLNC) Stock Rating Lowered by Zacks Research

Fluence Energy (NASDAQ:FLNC) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group set a $24.00 price target on Fluence Energy in a report on Monday, February 9th. Roth Mkm reiterated a “neutral” rating and set a $26.00 price target on shares of Fluence Energy in a report on Wednesday, January 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fluence Energy in a report on Monday, December 29th. Susquehanna reiterated a “positive” rating and set a $27.00 price target on shares of Fluence Energy in a report on Friday, February 6th. Finally, UBS Group reiterated a “neutral” rating on shares of Fluence Energy in a report on Thursday, January 15th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Fluence Energy presently has an average rating of “Hold” and a consensus target price of $16.25.

Fluence Energy Trading Down 1.0%

NASDAQ:FLNC opened at $13.12 on Tuesday. The stock’s 50 day moving average price is $17.49 and its 200 day moving average price is $18.82. Fluence Energy has a 52 week low of $3.46 and a 52 week high of $33.51. The company has a market capitalization of $2.41 billion, a P/E ratio of -29.82 and a beta of 2.96. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.08 and a current ratio of 1.48.

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

Insider Buying and Selling at Fluence Energy

In other news, Director Heynitz Harald Von sold 10,000 shares of the stock in a transaction that occurred 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 sale, the director directly owned 63,550 shares of the company’s stock, valued at approximately $1,048,575. This represents a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Fluence Energy

Several hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC boosted its position in shares of Fluence Energy by 28.9% in the fourth quarter. Hsbc Holdings PLC now owns 157,575 shares of the company’s stock valued at $3,144,000 after acquiring an additional 35,309 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Fluence Energy in the fourth quarter valued at approximately $502,000. Sankala Group LLC bought a new stake in shares of Fluence Energy in the fourth quarter valued at approximately $51,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Fluence Energy in the fourth quarter valued at approximately $221,000. Finally, Vident Advisory LLC boosted its position in shares of Fluence Energy by 65.8% in the fourth quarter. Vident Advisory LLC now owns 26,103 shares of the company’s stock valued at $516,000 after acquiring an additional 10,362 shares during the period. 53.16% of the stock is owned by 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.