Fluence Energy (NASDAQ:FLNC) Raised to “Buy” at Citigroup

Fluence Energy (NASDAQ:FLNC) was upgraded by investment analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm presently has a $24.00 price target on the stock, down from their previous price target of $26.00. Citigroup’s price objective points to a potential upside of 66.44% from the stock’s current price.

Several other equities analysts also recently commented on FLNC. Susquehanna upped their price target on shares of Fluence Energy from $23.00 to $25.00 and gave the company a “positive” rating in a research note on Friday, May 8th. HSBC upgraded shares of Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 price objective for the company in a research note on Friday, May 8th. Zacks Research raised shares of Fluence Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Roth Capital 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 research report on Friday, May 8th. Finally, Weiss Ratings cut shares of Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.53.

Fluence Energy Trading Down 1.6%

Shares of FLNC stock opened at $14.42 on Wednesday. Fluence Energy has a 12-month low of $6.60 and a 12-month high of $33.51. The company has a market capitalization of $2.66 billion, a PE ratio of -40.05 and a beta of 2.75. The firm has a 50 day moving average price of $20.06 and a two-hundred day moving average price of $19.03. 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 (NASDAQ:FLNC) last posted its earnings results on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.02. The company had revenue of $464.89 million for the quarter, compared to the consensus estimate of $614.93 million. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.62%.The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.24) earnings per share. As a group, analysts predict that Fluence Energy will post -0.18 earnings per share for the current year.

Insider Activity at Fluence Energy

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

Institutional Trading of Fluence Energy

Several large investors have recently made changes to their positions in the company. Legal & General Group Plc grew its stake in shares of Fluence Energy by 882.1% during the fourth quarter. Legal & General Group Plc now owns 738,898 shares of the company’s stock worth $14,615,000 after buying an additional 663,660 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of Fluence Energy by 194.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 177,037 shares of the company’s stock worth $2,436,000 after buying an additional 116,882 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Fluence Energy in the 3rd quarter valued at $4,062,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Fluence Energy by 493.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 445,350 shares of the company’s stock valued at $8,809,000 after acquiring an additional 370,350 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Fluence Energy by 65.2% during the 4th quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock valued at $51,940,000 after acquiring an additional 1,036,423 shares in the last quarter. 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.