Fluence Energy, Inc. (NASDAQ:FLNC) Receives $18.58 Average Price Target from Brokerages

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have been assigned an average recommendation of “Hold” from the twenty-three research firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $17.8889.

Several equities research analysts have weighed in on FLNC shares. Glj Research lowered Fluence Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from $26.00 to $12.89 in a research report on Thursday. BMO Capital Markets restated a “market perform” rating and set a $15.00 price objective on shares of Fluence Energy in a research note on Wednesday, April 29th. Truist Financial assumed coverage on shares of Fluence Energy in a research report on Monday, July 13th. They set a “hold” rating and a $16.00 price objective for the company. Citigroup decreased their target price on shares of Fluence Energy from $24.00 to $20.00 and set a “buy” rating for the company in a report on Friday, August 14th. Finally, Morgan Stanley set a $15.00 price objective on shares of Fluence Energy in a research report on Friday, August 7th.

Insider Activity

In other Fluence Energy news, Director Heynitz Harald Von sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.00, for a total value of $125,000.00. Following the sale, the director owned 58,550 shares of the company’s stock, valued at $1,463,750. This trade represents a 7.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP John Zahurancik sold 15,974 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $22.03, for a total transaction of $351,907.22. Following the transaction, the senior vice president owned 71,171 shares in the company, valued at approximately $1,567,897.13. The trade was a 18.33% decrease in their position. 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 have sold 36,974 shares of company stock valued at $879,787. 0.69% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. AlphaGrep UK Ltd bought a new position in shares of Fluence Energy during the 2nd quarter worth about $232,000. FirstWave Capital Management LLC acquired a new position in shares of Fluence Energy in the 2nd quarter worth approximately $1,757,000. Wedbush Securities Inc. acquired a new position in Fluence Energy in the second quarter worth $217,000. Steadtrust LLC bought a new position in shares of Fluence Energy in the second quarter valued at about $235,000. Finally, Assenagon Asset Management S.A. acquired a new position in Fluence Energy during the 2nd quarter worth about $510,000. 53.16% of the stock is owned by institutional investors.

Fluence Energy Stock Performance

Shares of FLNC stock opened at $11.32 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.34 and a debt-to-equity ratio of 0.91. The business has a 50 day moving average of $16.14 and a two-hundred day moving average of $17.22. Fluence Energy has a 52 week low of $6.60 and a 52 week high of $33.51. The company has a market cap of $2.09 billion, a P/E ratio of -18.56 and a beta of 2.78.

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

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.