Fluence Energy (NASDAQ:FLNC) Stock Rating Lowered by Zacks Research

Fluence Energy (NASDAQ:FLNC) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

FLNC has been the subject of several other reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $12.00 target price on shares of Fluence Energy in a research report on Tuesday, January 20th. UBS Group reaffirmed a “neutral” rating on shares of Fluence Energy in a research report on Thursday, January 15th. Guggenheim raised Fluence Energy from a “sell” rating to a “neutral” rating in a research report on Thursday, March 19th. Jefferies Financial Group set a $24.00 target price on Fluence Energy in a research report on Monday, February 9th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $26.00 target price on shares of Fluence Energy in a research report on Wednesday, January 28th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $16.25.

Fluence Energy Stock Down 1.0%

FLNC opened at $13.12 on Tuesday. Fluence Energy has a 1-year low of $3.46 and a 1-year high of $33.51. The company has a current ratio of 1.48, a quick ratio of 1.08 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of -29.82 and a beta of 2.96. The business has a 50 day moving average of $17.49 and a 200-day moving average of $18.82.

Fluence Energy (NASDAQ:FLNC) last issued its earnings results on Wednesday, February 4th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.16). The firm had revenue of $475.23 million during the quarter, compared to the consensus estimate of $444.23 million. Fluence Energy had a negative return on equity of 10.10% and a negative net margin of 2.04%.The firm’s revenue for the quarter was up 154.4% compared to the same quarter last year. During the same period last year, the business earned ($0.32) earnings per share. As a group, sell-side analysts anticipate that Fluence Energy will post 0.08 earnings per share for the current year.

Insider Activity

In other Fluence Energy news, Director Heynitz Harald Von sold 10,000 shares of Fluence Energy stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total transaction of $165,000.00. Following the completion of the transaction, the director directly owned 63,550 shares of the company’s stock, valued at approximately $1,048,575. This trade represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.69% of the company’s stock.

Institutional Trading of Fluence Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in FLNC. AQR Capital Management LLC increased its stake in shares of Fluence Energy by 1,441.8% in the first quarter. AQR Capital Management LLC now owns 900,674 shares of the company’s stock valued at $4,368,000 after buying an additional 842,257 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Fluence Energy in the first quarter valued at $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Fluence Energy by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company’s stock valued at $575,000 after buying an additional 3,364 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Fluence Energy by 189.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after buying an additional 2,076,668 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Fluence Energy in the first quarter valued at $93,000. 53.16% of the stock is currently owned by institutional investors and hedge funds.

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.