Fluence Energy, Inc. (NASDAQ:FLNC) Given Consensus Rating of “Hold” by Analysts

Fluence Energy, Inc. (NASDAQ:FLNC) has been assigned a consensus recommendation of “Hold” from the twenty-one analysts that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $19.4706.

A number of brokerages have weighed in on FLNC. UBS Group boosted their target price on shares of Fluence Energy from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Monday, May 11th. Wall Street Zen downgraded shares of Fluence Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Canaccord Genuity Group set a $28.00 price target on shares of Fluence Energy in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on shares of Fluence Energy from $13.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Guggenheim upgraded shares of Fluence Energy from a “sell” rating to a “neutral” rating in a research report on Thursday, March 19th.

Fluence Energy Trading Down 15.6%

Shares of NASDAQ FLNC opened at $22.91 on Friday. Fluence Energy has a 1-year low of $4.64 and a 1-year high of $33.51. The company has a market cap of $4.22 billion, a PE ratio of -63.64 and a beta of 2.77. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average of $17.24 and a two-hundred day moving average of $19.25.

Fluence Energy (NASDAQ:FLNC) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $614.93 million. During the same period in the previous year, the firm posted ($0.24) earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. As a group, equities analysts expect that Fluence Energy will post -0.22 earnings per share for the current fiscal year.

Insider Activity at Fluence Energy

In other news, Director Heynitz Harald Von sold 10,000 shares of Fluence Energy stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $16.50, for a total transaction of $165,000.00. Following the completion of the sale, the director owned 63,550 shares in the company, valued at $1,048,575. The trade was a 13.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Qatar Investment Authority sold 2,867,172 shares of Fluence Energy stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $21.00, for a total transaction of $60,210,612.00. Following the sale, the insider owned 11,801,103 shares of the company’s stock, valued at approximately $247,823,163. This represents a 19.55% decrease in their position. The SEC filing for this sale provides additional information. 0.69% of the stock is owned by insiders.

Institutional Investors Weigh In On Fluence Energy

Several institutional investors have recently modified their holdings of FLNC. AQR Capital Management LLC grew its position in shares of Fluence Energy by 1,441.8% during the 1st quarter. AQR Capital Management LLC now owns 900,674 shares of the company’s stock worth $4,368,000 after buying an additional 842,257 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Fluence Energy during the 1st quarter worth approximately $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Fluence Energy by 2.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company’s stock worth $575,000 after buying an additional 3,364 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Fluence Energy by 189.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after buying an additional 2,076,668 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Fluence Energy during the 1st quarter worth approximately $93,000. Institutional investors and hedge funds own 53.16% of the company’s stock.

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.