Fluence Energy, Inc. (NASDAQ:FLNC) Receives Average Rating of “Hold” from Brokerages

Fluence Energy, Inc. (NASDAQ:FLNC) has been given a consensus recommendation of “Hold” by the twenty-three analysts that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $19.5263.

Several equities analysts have recently issued reports on FLNC shares. Zacks Research raised shares of Fluence Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. HSBC upgraded shares of Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 price target for the company in a research report on Friday, May 8th. BMO Capital Markets reiterated a “market perform” rating and issued a $15.00 price objective on shares of Fluence Energy in a research report on Wednesday, April 29th. Citigroup upgraded shares of Fluence Energy from a “neutral” rating to a “buy” rating and cut their price objective for the company from $26.00 to $24.00 in a research report on Wednesday, July 22nd. Finally, Susquehanna boosted their target price on shares of Fluence Energy from $23.00 to $25.00 and gave the company a “positive” rating in a research note on Friday, May 8th.

Fluence Energy Trading Up 3.4%

Shares of NASDAQ FLNC opened at $13.93 on Friday. Fluence Energy has a 12-month low of $6.60 and a 12-month high of $33.51. The company has a market cap of $2.57 billion, a price-to-earnings ratio of -38.69 and a beta of 2.75. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 0.85. The stock’s 50 day simple moving average is $19.26 and its 200 day simple moving average is $18.69.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.62%.The firm had revenue of $464.89 million during the quarter, compared to the consensus estimate of $614.93 million. During the same period in the prior year, the business earned ($0.24) EPS. The firm’s revenue was up 7.7% on a year-over-year basis. Equities research analysts expect that Fluence Energy will post -0.18 EPS for the current year.

Insider Activity

In related 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 value of $125,000.00. Following the completion of the transaction, the director directly owned 58,550 shares of the company’s stock, valued at $1,463,750. This represents a 7.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Qatar Investment Authority sold 2,867,172 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $21.00, for a total value of $60,210,612.00. Following the completion of the sale, the insider owned 11,801,103 shares in the company, valued at approximately $247,823,163. This represents a 19.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,904,146 shares of company stock valued at $61,090,399. Insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Steadtrust LLC acquired a new position in shares of Fluence Energy during the second quarter valued at $235,000. Assenagon Asset Management S.A. bought a new stake in shares of Fluence Energy during the second quarter valued at about $510,000. Bank of America Corp DE lifted its holdings in 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 worth $42,460,000 after purchasing an additional 604,983 shares during the period. Edgestream Partners L.P. lifted its holdings 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 worth $5,309,000 after purchasing an additional 353,282 shares during the period. Finally, Altshuler Shaham Ltd grew its position in Fluence Energy by 84.6% in the 1st quarter. Altshuler Shaham Ltd now owns 84,150 shares of the company’s stock valued at $1,158,000 after buying an additional 38,556 shares in the last quarter. 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.