Fluence Energy (NASDAQ:FLNC) Now Covered by Glj Research

Stock analysts at Glj Research assumed coverage on shares of Fluence Energy (NASDAQ:FLNC) in a note issued to investors on Wednesday,Benzinga reports. The firm set a “buy” rating and a $26.00 price target on the stock. Glj Research’s price objective indicates a potential upside of 30.78% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada increased their price target on shares of Fluence Energy from $12.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Monday, May 11th. Barclays dropped their price objective on Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. HSBC raised Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 target price on the stock in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on Fluence Energy from $13.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Citigroup boosted their price target on Fluence Energy from $15.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Six analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Fluence Energy has an average rating of “Hold” and a consensus price target of $19.83.

Fluence Energy Trading Up 3.8%

NASDAQ FLNC opened at $19.88 on Wednesday. Fluence Energy has a 12 month low of $6.50 and a 12 month high of $33.51. The company has a 50-day moving average of $20.19 and a 200-day moving average of $19.62. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.91. The company has a market cap of $3.66 billion, a P/E ratio of -55.22 and a beta of 2.77.

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, topping 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 for the quarter, compared to analyst estimates of $614.93 million. During the same period in the prior year, the firm posted ($0.24) EPS. The company’s revenue was up 7.7% on a year-over-year basis. As a group, equities analysts predict that Fluence Energy will post -0.22 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP John Zahurancik sold 15,974 shares of Fluence Energy stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $22.03, for a total transaction of $351,907.22. Following the transaction, the senior vice president owned 71,171 shares in the company, valued at approximately $1,567,897.13. The trade was a 18.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Heynitz Harald Von sold 5,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the sale, the director directly owned 58,550 shares of the company’s stock, valued at approximately $1,463,750. This trade represents a 7.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,904,146 shares of company stock worth $61,090,399 over the last ninety days. 0.69% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of Fluence Energy by 24.4% in the first quarter. Bank of America Corp DE now owns 3,085,730 shares of the company’s stock valued at $42,460,000 after buying an additional 604,983 shares in the last quarter. Edgestream Partners L.P. grew its position in Fluence Energy by 1,086.3% in the first quarter. Edgestream Partners L.P. now owns 385,804 shares of the company’s stock valued at $5,309,000 after acquiring an additional 353,282 shares in the last quarter. Altshuler Shaham Ltd raised its stake in shares of Fluence Energy by 84.6% during the first quarter. Altshuler Shaham Ltd now owns 84,150 shares of the company’s stock valued at $1,158,000 after purchasing an additional 38,556 shares during the period. Amundi lifted its position in shares of Fluence Energy by 8.9% during the first quarter. Amundi now owns 95,673 shares of the company’s stock worth $1,316,000 after purchasing an additional 7,848 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Fluence Energy by 31.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock worth $38,000 after purchasing an additional 672 shares in the last quarter. Institutional investors and hedge funds own 53.16% of the company’s stock.

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.