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

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have been assigned a consensus rating of “Hold” from the twenty-one brokerages that are presently covering the stock, MarketBeat.com reports. Four 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 12-month price objective among brokers that have issued a report on the stock in the last year is $19.4706.

Several equities analysts have recently issued reports on the company. Barclays reduced their price objective on Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating for the company in a research report on Monday, April 13th. Susquehanna upped their price objective on shares of Fluence Energy from $23.00 to $25.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Canaccord Genuity Group set a $28.00 target price on shares of Fluence Energy in a research note on Friday, May 8th. Wall Street Zen downgraded Fluence Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Roth Mkm upgraded shares of Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Friday, May 8th.

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, Director Heynitz Harald Von sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $25.00, for a total value of $125,000.00. Following the transaction, the director owned 58,550 shares in the company, valued at approximately $1,463,750. This represents a 7.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Qatar Investment Authority sold 2,867,172 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $21.00, for a total value of $60,210,612.00. Following the completion of the transaction, the insider owned 11,801,103 shares in the company, valued at $247,823,163. This trade represents a 19.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,904,146 shares of company stock valued at $61,090,399 in the last three months. 0.69% of the stock is currently owned by company insiders.

Institutional Trading of Fluence Energy

Large investors have recently made changes to their positions in the stock. Dragoneer Investment Group LLC bought a new stake in shares of Fluence Energy during the 3rd quarter worth $65,883,000. Price T Rowe Associates Inc. MD boosted its holdings in Fluence Energy by 5,489.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock valued at $60,247,000 after acquiring an additional 2,991,292 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Fluence Energy by 189.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after acquiring an additional 2,076,668 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Fluence Energy in the first quarter valued at about $19,579,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Fluence Energy in the third quarter worth about $14,207,000. Institutional investors own 53.16% of the company’s stock.

Fluence Energy Trading Up 3.8%

Shares of NASDAQ FLNC opened at $19.88 on Wednesday. The stock has a market capitalization of $3.66 billion, a P/E ratio of -55.22 and a beta of 2.77. The stock’s 50 day moving average price is $20.19 and its two-hundred day moving average price is $19.62. The company has a quick ratio of 0.91, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. Fluence Energy has a 52-week low of $6.50 and a 52-week high of $33.51.

Fluence Energy (NASDAQ:FLNC) last issued its earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. The firm had revenue of $464.89 million for the quarter, compared to analysts’ expectations of $614.93 million. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. Fluence Energy’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.24) earnings per share. On average, analysts anticipate that Fluence Energy will post -0.22 earnings per share for the current fiscal year.

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.