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

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have been assigned an average recommendation of “Hold” from the twenty-three research firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $19.5263.

A number of brokerages have commented on FLNC. Canaccord Genuity Group set a $28.00 price objective on shares of Fluence Energy in a research report on Friday, May 8th. Barclays decreased their price objective on shares of 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 boosted their target price on shares of Fluence Energy from $23.00 to $25.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Citigroup raised Fluence Energy from a “neutral” rating to a “buy” rating and dropped their target price for the company from $26.00 to $24.00 in a report on Wednesday. Finally, HSBC upgraded Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 price target on the stock in a research note on Friday, May 8th.

Insider Transactions at Fluence Energy

In other Fluence Energy news, SVP John Zahurancik sold 15,974 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $22.03, for a total value of $351,907.22. Following the transaction, the senior vice president directly owned 71,171 shares in the company, valued at $1,567,897.13. This represents a 18.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Heynitz Harald Von sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the sale, the director directly owned 58,550 shares in the company, valued at approximately $1,463,750. The trade was a 7.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 2,904,146 shares of company stock valued at $61,090,399. Corporate insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Curio Wealth LLC purchased a new stake in Fluence Energy in the fourth quarter valued at $31,000. State of Wyoming acquired a new position in Fluence Energy in the fourth quarter valued at $36,000. GAMMA Investing LLC grew its holdings in shares of Fluence Energy by 22.2% during the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after purchasing an additional 437 shares during the last quarter. Sankala Group LLC purchased a new position in shares of Fluence Energy during the fourth quarter worth about $51,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Fluence Energy by 31.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock worth $38,000 after purchasing an additional 672 shares in the last quarter. 53.16% of the stock is owned by hedge funds and other institutional investors.

Fluence Energy Stock Performance

Shares of FLNC opened at $13.44 on Friday. Fluence Energy has a 1 year low of $6.60 and a 1 year high of $33.51. The stock has a market capitalization of $2.48 billion, a PE ratio of -37.33 and a beta of 2.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.91 and a current ratio of 1.43. The stock has a 50-day simple moving average of $19.91 and a 200-day simple moving average of $18.99.

Fluence Energy (NASDAQ:FLNC) last released 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. The firm had revenue of $464.89 million for 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 business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.24) earnings per share. On average, analysts predict that Fluence Energy will post -0.18 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.