John Zahurancik Sells 15,974 Shares of Fluence Energy (NASDAQ:FLNC) Stock

Fluence Energy, Inc. (NASDAQ:FLNC) SVP John Zahurancik sold 15,974 shares of Fluence Energy stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $22.03, for a total value of $351,907.22. Following the sale, the senior vice president owned 71,171 shares of the company’s stock, valued at approximately $1,567,897.13. This trade represents a 18.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Zahurancik also recently made the following trade(s):

• On Monday, June 22nd, John Zahurancik sold 16,000 shares of Fluence Energy stock. The shares were sold at an average price of $25.18, for a total transaction of $402,880.00.

Fluence Energy Trading Down 1.9%

NASDAQ FLNC opened at $19.38 on Friday. The stock has a market cap of $3.57 billion, a PE ratio of -53.83 and a beta of 2.77. Fluence Energy, Inc. has a 12 month low of $6.06 and a 12 month high of $33.51. The company’s 50-day moving average price is $19.90 and its 200-day moving average price is $19.70. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 0.85.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. The company had revenue of $464.89 million during the quarter, compared to analyst estimates of $614.93 million. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.24) EPS. Equities research analysts forecast that Fluence Energy, Inc. will post -0.22 earnings per share for the current year.

Hedge Funds Weigh In On Fluence Energy

Institutional investors have recently bought and sold shares of the business. Curio Wealth LLC bought a new position in Fluence Energy in the fourth quarter worth approximately $31,000. State of Wyoming purchased a new stake in Fluence Energy during the fourth quarter worth $36,000. EverSource Wealth Advisors LLC boosted its position in Fluence Energy by 31.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock valued at $38,000 after acquiring an additional 672 shares in the last quarter. GAMMA Investing LLC boosted its position in Fluence Energy by 22.2% during the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after acquiring an additional 437 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Fluence Energy in the 3rd quarter valued at $48,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FLNC has been the subject of a number of research reports. Zacks Research upgraded Fluence Energy from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. UBS Group raised their price objective on Fluence Energy from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Monday, May 11th. Needham & Company LLC began coverage on Fluence Energy in a research report on Friday, March 20th. They set a “hold” rating for the company. Barclays lowered their target price on Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $22.00 price target on shares of Fluence Energy in a research note on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $19.47.

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.