Piper Sandler Upgrades Fluence Energy (NASDAQ:FLNC) to Strong Sell

Fluence Energy (NASDAQ:FLNC) was upgraded by investment analysts at Piper Sandler to a “strong sell” rating in a note issued to investors on Tuesday, Zacks reports.

Several other equities analysts have also recently issued reports on the stock. Barclays cut shares of Fluence Energy from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $16.00 to $10.00 in a research note on Thursday, September 3rd. Glj Research cut shares of Fluence Energy from a “buy” rating to a “hold” rating and reduced their target price for the stock from $26.00 to $12.89 in a report on Thursday, August 20th. Morgan Stanley set a $15.00 price target on Fluence Energy in a report on Friday, August 7th. Citigroup cut their price objective on Fluence Energy from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Finally, UBS Group raised Fluence Energy from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $9.00 to $12.00 in a research report on Tuesday, August 25th. Six research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.14.

Fluence Energy Stock Performance

Shares of NASDAQ FLNC opened at $10.12 on Tuesday. Fluence Energy has a 1 year low of $6.60 and a 1 year high of $33.51. The firm has a market cap of $1.87 billion, a P/E ratio of -16.59 and a beta of 2.74. The stock has a fifty day moving average price of $13.26 and a two-hundred day moving average price of $16.27. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.89 and a current ratio of 1.34.

Fluence Energy (NASDAQ:FLNC) last announced its earnings results on Wednesday, August 5th. The company reported ($0.24) earnings per share for the quarter. Fluence Energy had a negative net margin of 3.13% and a negative return on equity of 16.79%. The firm had revenue of $649.85 million for the quarter, compared to the consensus estimate of $818.57 million. During the same period in the prior year, the business earned $0.01 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Research analysts forecast that Fluence Energy will post -0.51 EPS for the current fiscal year.

Insider Buying and Selling at Fluence Energy

In other news, SVP John Zahurancik sold 16,000 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were 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. The trade was a 15.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Harald von Heynitz sold 5,000 shares of the business’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 transaction, the director directly owned 58,550 shares of the company’s stock, valued at approximately $1,463,750. This 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. Insiders have sold 36,974 shares of company stock worth $879,787 over the last three months. Company insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Curio Wealth LLC bought a new position in Fluence Energy during the fourth quarter worth about $31,000. IFP Advisors Inc lifted its holdings in Fluence Energy by 184.1% during the 2nd quarter. IFP Advisors Inc now owns 1,540 shares of the company’s stock worth $31,000 after buying an additional 998 shares in the last quarter. State of Wyoming bought a new position in Fluence Energy in the 4th quarter valued at $36,000. EverSource Wealth Advisors LLC increased its stake in shares of Fluence Energy by 31.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock valued at $38,000 after buying an additional 672 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of Fluence Energy during the third quarter worth $48,000. Institutional investors and hedge funds own 53.16% of the company’s stock.

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.