Fluence Energy (NASDAQ:FLNC) Trading Down 7.4% – Should You Sell?

Fluence Energy, Inc. (NASDAQ:FLNC)’s share price dropped 7.4% during mid-day trading on Wednesday . The company traded as low as $22.03 and last traded at $21.7240. Approximately 13,545,046 shares changed hands during mid-day trading, an increase of 71% from the average daily volume of 7,903,010 shares. The stock had previously closed at $23.46.

Analyst Ratings Changes

A number of brokerages recently weighed in on FLNC. Canaccord Genuity Group set a $28.00 price objective on shares of Fluence Energy in a research report on Friday, May 8th. UBS Group raised their price objective on shares of Fluence Energy from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Monday, May 11th. Needham & Company LLC initiated coverage on Fluence Energy in a report on Friday, March 20th. They issued a “hold” rating on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $22.00 price target on shares of Fluence Energy in a research report on Thursday, May 7th. Finally, Citigroup increased their price target on shares of Fluence Energy from $15.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.47.

Fluence Energy Stock Down 6.1%

The firm’s 50-day simple moving average is $17.61 and its 200-day simple moving average is $19.36. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of -60.98 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.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. The business had revenue of $464.89 million during 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 firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.24) earnings per share. Sell-side analysts forecast that Fluence Energy, Inc. will post -0.22 earnings per share for the current year.

Insider Transactions at Fluence Energy

In other news, major shareholder Qatar Investment Authority sold 2,867,172 shares of the firm’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 approximately $247,823,163. This trade represents a 19.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Heynitz Harald Von sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was 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. Additional details regarding this sale are available in the official SEC disclosure. 0.69% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fluence Energy

Institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its holdings in Fluence Energy by 882.1% during the 4th quarter. Legal & General Group Plc now owns 738,898 shares of the company’s stock valued at $14,615,000 after purchasing an additional 663,660 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted its holdings in Fluence Energy by 64,545.5% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,091,216 shares of the company’s stock valued at $11,786,000 after purchasing an additional 1,089,528 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in Fluence Energy during the 3rd quarter valued at about $574,000. Tudor Investment Corp ET AL bought a new position in Fluence Energy during the 3rd quarter valued at about $4,062,000. Finally, Dragoneer Investment Group LLC bought a new position in Fluence Energy during the 3rd quarter valued at about $65,883,000. 53.16% of the stock is owned by institutional investors.

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.