Fluence Energy (NASDAQ:FLNC – Get Free Report) has been assigned a $5.00 price target by BMO Capital Markets in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential downside of 19.22% from the company’s current price.
A number of other analysts have also issued reports on the company. Hsbc Global Res lowered Fluence Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 28th. Jefferies Financial Group lowered Fluence Energy from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $4.00 to $3.00 in a research note on Thursday, May 15th. Piper Sandler dropped their price objective on Fluence Energy from $10.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, April 21st. Guggenheim cut their target price on Fluence Energy from $6.00 to $2.00 and set a “sell” rating on the stock in a research report on Tuesday, April 15th. Finally, HSBC cut Fluence Energy from a “buy” rating to a “hold” rating and set a $4.00 target price for the company. in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.88.
View Our Latest Stock Report on FLNC
Fluence Energy Trading Up 4.9%
Fluence Energy (NASDAQ:FLNC – Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.03). Fluence Energy had a negative net margin of 1.10% and a negative return on equity of 4.40%. The firm had revenue of $431.62 million for the quarter, compared to analyst estimates of $328.17 million. During the same period in the previous year, the business posted ($0.07) earnings per share. Fluence Energy’s revenue for the quarter was down 30.7% on a year-over-year basis. Analysts expect that Fluence Energy will post 0.08 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Cynthia A. Arnold acquired 33,000 shares of Fluence Energy stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average price of $5.90 per share, for a total transaction of $194,700.00. Following the transaction, the director now directly owns 86,202 shares of the company’s stock, valued at $508,591.80. This trade represents a 62.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.65% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in FLNC. Altshuler Shaham Ltd bought a new stake in shares of Fluence Energy during the fourth quarter valued at approximately $34,000. SBI Securities Co. Ltd. grew its stake in shares of Fluence Energy by 462.6% in the first quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company’s stock worth $39,000 after purchasing an additional 6,648 shares in the last quarter. TFB Advisors LLC acquired a new position in shares of Fluence Energy during the first quarter valued at $53,000. Voleon Capital Management LP bought a new stake in shares of Fluence Energy during the first quarter valued at about $55,000. Finally, Silverlake Wealth Management LLC bought a new stake in shares of Fluence Energy during the first quarter valued at about $56,000. 53.16% of the stock is currently owned by institutional investors.
Fluence Energy Company Profile
Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.
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