Zacks Research Upgrades Fluence Energy (NASDAQ:FLNC) to Strong-Buy

Fluence Energy (NASDAQ:FLNC) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities analysts also recently commented on the company. Roth Capital upgraded Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Friday, May 8th. Truist Financial assumed coverage on Fluence Energy in a report on Monday. They set a “hold” rating and a $16.00 target price on the stock. Glj Research initiated coverage on Fluence Energy in a research report on Wednesday, July 1st. They issued a “buy” rating and a $26.00 target price for the company. Guggenheim upgraded Fluence Energy from a “sell” rating to a “neutral” rating in a report on Thursday, March 19th. Finally, Wall Street Zen lowered Fluence Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $19.63.

Fluence Energy Trading Down 1.5%

NASDAQ FLNC opened at $15.37 on Tuesday. Fluence Energy has a 12 month low of $6.60 and a 12 month high of $33.51. 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 capitalization of $2.83 billion, a price-to-earnings ratio of -42.69 and a beta of 2.75. The company’s fifty day moving average price is $20.97 and its two-hundred day moving average price is $19.28.

Fluence Energy (NASDAQ:FLNC) last released its earnings results 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. The company had revenue of $464.89 million during the quarter, compared to the consensus estimate of $614.93 million. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.24) EPS. As a group, research analysts predict that Fluence Energy will post -0.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Fluence Energy

In other news, Director Heynitz Harald Von sold 5,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $1,463,750. This represents a 7.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP John Zahurancik sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $25.18, for a total value of $402,880.00. Following the completion of the sale, the senior vice president directly owned 87,145 shares in the company, valued at approximately $2,194,311.10. This trade represents a 15.51% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Company insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Fluence Energy

Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its holdings in shares of Fluence Energy by 882.1% in the 4th quarter. Legal & General Group Plc now owns 738,898 shares of the company’s stock worth $14,615,000 after acquiring an additional 663,660 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in Fluence Energy by 194.3% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 177,037 shares of the company’s stock valued at $2,436,000 after purchasing an additional 116,882 shares during the period. Tudor Investment Corp ET AL acquired a new position in Fluence Energy during the 3rd quarter valued at about $4,062,000. Mirae Asset Global Investments Co. Ltd. grew its position in Fluence Energy by 493.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 445,350 shares of the company’s stock worth $8,809,000 after purchasing an additional 370,350 shares during the last quarter. Finally, UBS Group AG grew its position in Fluence Energy by 65.2% in the 4th quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock worth $51,940,000 after purchasing an additional 1,036,423 shares during the last quarter. 53.16% of the stock is 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.