Fluence Energy (NASDAQ:FLNC) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of Fluence Energy (NASDAQ:FLNC) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

FLNC has been the subject of a number of other reports. Roth Capital set a $18.00 price target on shares of Fluence Energy in a research report on Friday, August 7th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Fluence Energy in a research note on Thursday, May 7th. UBS Group lifted their price objective on Fluence Energy from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Monday, May 11th. BMO Capital Markets reiterated a “market perform” rating and set a $15.00 target price on shares of Fluence Energy in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. upped 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. Seven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.79.

Fluence Energy Stock Performance

Shares of FLNC opened at $13.22 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.34 and a debt-to-equity ratio of 0.91. Fluence Energy has a 52-week low of $6.60 and a 52-week high of $33.51. The company has a 50-day simple moving average of $17.50 and a 200-day simple moving average of $17.89. The company has a market capitalization of $2.44 billion, a PE ratio of -21.67 and a beta of 2.78.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.24) EPS for the quarter. Fluence Energy had a negative return on equity of 16.79% and a negative net margin of 3.13%.The company had revenue of $649.85 million for the quarter, compared to analysts’ expectations of $818.57 million. During the same period in the prior year, the firm posted $0.01 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts predict that Fluence Energy will post -0.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fluence Energy news, SVP John Zahurancik sold 16,000 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $25.18, for a total transaction of $402,880.00. Following the sale, the senior vice president owned 87,145 shares in the company, valued at approximately $2,194,311.10. This represents a 15.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 stock in a transaction on Monday, June 15th. The shares were sold at an average price of $25.00, for a total value of $125,000.00. Following the sale, the director owned 58,550 shares in the company, valued at approximately $1,463,750. This trade represents a 7.87% decrease in their position. 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. Over the last three months, insiders have sold 36,974 shares of company stock valued at $879,787. Corporate insiders own 0.69% of the company’s stock.

Institutional Trading of Fluence Energy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position in Fluence Energy by 31.8% during the 1st 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. Sei Investments Co. raised its stake in Fluence Energy by 4.5% in the 1st quarter. Sei Investments Co. now owns 16,222 shares of the company’s stock valued at $223,000 after purchasing an additional 703 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in Fluence Energy by 10.7% in the 4th quarter. SBI Securities Co. Ltd. now owns 9,638 shares of the company’s stock valued at $191,000 after purchasing an additional 935 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Fluence Energy by 1.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,185 shares of the company’s stock valued at $1,082,000 after purchasing an additional 1,082 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of Fluence Energy by 5.8% during the 4th quarter. New York State Common Retirement Fund now owns 20,095 shares of the company’s stock worth $397,000 after purchasing an additional 1,100 shares during the last quarter. 53.16% of the stock is currently owned by hedge funds and other 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.