Fluence Energy (NASDAQ:FLNC) Trading 10.9% Higher – Should You Buy?

Fluence Energy, Inc. (NASDAQ:FLNC) traded up 10.9% during trading on Friday . The stock traded as high as $22.00 and last traded at $22.3840. 4,496,048 shares traded hands during trading, a decline of 35% from the average session volume of 6,929,583 shares. The stock had previously closed at $20.19.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings downgraded Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 8th. Roth Mkm upgraded Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, May 8th. Wall Street Zen downgraded Fluence Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Mizuho set a $13.00 target price on Fluence Energy in a research note on Friday, February 6th. Finally, Guggenheim upgraded Fluence Energy from a “sell” rating to a “neutral” rating in a research note on Thursday, March 19th. Five research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Fluence Energy has an average rating of “Hold” and a consensus target price of $19.47.

Fluence Energy Price Performance

The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of -59.69 and a beta of 2.62. 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 company has a fifty day simple moving average of $15.78 and a two-hundred day simple moving average of $18.99.

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 the consensus estimate of ($0.18) by $0.02. The firm had revenue of $464.89 million during the quarter, compared to analysts’ expectations of $614.93 million. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.62%.The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.24) EPS. As a group, equities research analysts expect that Fluence Energy, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Fluence Energy

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 value of $165,000.00. Following the completion of the transaction, the director directly owned 63,550 shares of the company’s stock, valued at $1,048,575. The trade was a 13.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Qatar Investment Authority sold 2,867,172 shares of Fluence Energy stock in a transaction on 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 completion of the transaction, the insider directly owned 11,801,103 shares of the company’s stock, valued at $247,823,163. This represents a 19.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.69% of the stock is owned by insiders.

Hedge Funds Weigh In On Fluence Energy

A number of institutional investors have recently modified their holdings of FLNC. Dragoneer Investment Group LLC acquired a new position in shares of Fluence Energy during the 3rd quarter worth $65,883,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Fluence Energy by 5,489.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock worth $60,247,000 after buying an additional 2,991,292 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Fluence Energy by 189.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after buying an additional 2,076,668 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Fluence Energy during the 1st quarter worth $19,579,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Fluence Energy during the 3rd quarter worth $14,207,000. Institutional investors and hedge funds own 53.16% of the company’s stock.

About Fluence Energy

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.