Fluence Energy (NASDAQ:FLNC) Shares Up 2.9% – Should You Buy?

Fluence Energy, Inc. (NASDAQ:FLNC) rose 2.9% during mid-day trading on Friday . The company traded as high as $5.18 and last traded at $5.17. Approximately 428,783 shares changed hands during trading, a decline of 86% from the average daily volume of 3,104,869 shares. The stock had previously closed at $5.03.

Analyst Upgrades and Downgrades

Several research firms have commented on FLNC. BMO Capital Markets cut shares of Fluence Energy from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $22.00 to $10.00 in a research note on Tuesday, February 11th. Guggenheim downgraded Fluence Energy from a “buy” rating to a “sell” rating and lowered their price objective for the company from $26.00 to $6.00 in a research report on Tuesday, February 11th. Barclays reduced their target price on Fluence Energy from $22.00 to $9.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Susquehanna lowered their price target on Fluence Energy from $23.00 to $10.00 and set a “positive” rating for the company in a report on Wednesday, February 12th. Finally, Roth Capital lowered shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $14.34.

Fluence Energy Stock Up 1.1 %

The stock has a market capitalization of $923.18 million, a price-to-earnings ratio of -102.30 and a beta of 2.49. The firm has a 50-day moving average of $8.38 and a 200 day moving average of $15.62. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74.

Fluence Energy (NASDAQ:FLNC) last posted its earnings results on Monday, February 10th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.15). Fluence Energy had a negative return on equity of 0.36% and a negative net margin of 0.08%. On average, sell-side analysts anticipate that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, CFO Ahmed Pasha bought 15,500 shares of the business’s stock in a transaction on Friday, February 14th. The shares were bought at an average cost of $6.48 per share, with a total value of $100,440.00. Following the transaction, the chief financial officer now directly owns 24,703 shares in the company, valued at approximately $160,075.44. This trade represents a 168.42 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Herman E. Bulls bought 30,000 shares of Fluence Energy stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $6.53 per share, with a total value of $195,900.00. Following the completion of the purchase, the director now owns 105,861 shares in the company, valued at approximately $691,272.33. The trade was a 39.55 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 79,000 shares of company stock valued at $499,665 in the last ninety days. Insiders own 0.65% of the company’s stock.

Institutional Trading of Fluence Energy

Institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its holdings in Fluence Energy by 29.4% during the 4th quarter. Wellington Management Group LLP now owns 755,718 shares of the company’s stock worth $12,001,000 after acquiring an additional 171,836 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Fluence Energy by 18.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,459 shares of the company’s stock worth $3,040,000 after purchasing an additional 30,252 shares in the last quarter. Zimmer Partners LP increased its holdings in Fluence Energy by 757.7% in the fourth quarter. Zimmer Partners LP now owns 2,144,301 shares of the company’s stock valued at $34,052,000 after buying an additional 1,894,301 shares during the last quarter. Vident Advisory LLC lifted its holdings in Fluence Energy by 35.8% during the 4th quarter. Vident Advisory LLC now owns 13,930 shares of the company’s stock worth $221,000 after buying an additional 3,672 shares during the last quarter. Finally, Wexford Capital LP bought a new position in Fluence Energy during the 4th quarter worth approximately $2,480,000. 53.16% of the stock is owned by institutional investors and hedge funds.

Fluence Energy Company Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.