Fluence Energy (NASDAQ:FLNC) Shares Down 7.6% – Should You Sell?

Fluence Energy, Inc. (NASDAQ:FLNC)’s share price dropped 7.6% during mid-day trading on Wednesday . The stock traded as low as $25.18 and last traded at $25.79. Approximately 5,391,815 shares were traded during trading, a decline of 29% from the average daily volume of 7,549,023 shares. The stock had previously closed at $27.91.

Wall Street Analyst Weigh In

FLNC has been the topic of several analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $15.00 price target on shares of Fluence Energy in a research note on Wednesday, April 29th. Mizuho set a $13.00 price target on shares of Fluence Energy in a research note on Friday, February 6th. Needham & Company LLC began coverage on shares of Fluence Energy in a research note on Friday, March 20th. They set a “hold” rating on the stock. 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 report on Monday, April 13th. Finally, Wall Street Zen lowered shares of Fluence Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Fluence Energy currently has an average rating of “Hold” and an average target price of $19.47.

Fluence Energy Stock Performance

The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of -71.61 and a beta of 2.77. 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’s fifty day simple moving average is $16.45 and its two-hundred day simple moving average is $19.04.

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

Insider Activity

In other Fluence Energy news, major shareholder Qatar Investment Authority sold 2,867,172 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $21.00, for a total transaction 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. The trade was a 19.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Heynitz Harald Von sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $16.50, for a total transaction of $165,000.00. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.69% of the company’s stock.

Institutional Trading of Fluence Energy

Several large investors have recently modified their holdings of the company. Dragoneer Investment Group LLC acquired a new position in Fluence Energy during the 3rd quarter valued at $65,883,000. Goldman Sachs Group Inc. increased its position 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 purchasing an additional 2,076,668 shares in the last quarter. Bank of America Corp DE grew its holdings in Fluence Energy by 24.4% during the 1st quarter. Bank of America Corp DE now owns 3,085,730 shares of the company’s stock worth $42,460,000 after acquiring an additional 604,983 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Fluence Energy by 5,489.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock valued at $60,247,000 after purchasing an additional 2,991,292 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Fluence Energy by 65.2% in the 4th quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock valued at $51,940,000 after acquiring an additional 1,036,423 shares during the period. 53.16% of the stock is owned by institutional investors.

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.