Analysts Set Fluence Energy, Inc. (NASDAQ:FLNC) Target Price at $18.58

Fluence Energy, Inc. (NASDAQ:FLNC) has been given a consensus rating of “Hold” by the twenty-three ratings firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $17.8889.

Several analysts recently commented on FLNC shares. Susquehanna increased their price objective on shares of Fluence Energy from $23.00 to $25.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Roth Capital set a $18.00 price objective on Fluence Energy in a research report on Friday, August 7th. Glj Research cut shares of Fluence Energy from a “buy” rating to a “hold” rating and dropped their price target for the stock from $26.00 to $12.89 in a research note on Thursday, August 20th. Truist Financial began coverage on Fluence Energy in a research note on Monday, July 13th. They set a “hold” rating and a $16.00 price objective for the company. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $15.00 target price on shares of Fluence Energy in a report on Wednesday, April 29th.

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, SVP John Zahurancik sold 15,974 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $22.03, for a total transaction of $351,907.22. Following the completion of the transaction, the senior vice president owned 71,171 shares of the company’s stock, valued at $1,567,897.13. This represents a 18.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 that occurred 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 transaction, the director directly owned 58,550 shares of the company’s stock, valued at approximately $1,463,750. The trade was a 7.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 36,974 shares of company stock worth $879,787. Corporate insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in Fluence Energy by 189.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after purchasing an additional 2,076,668 shares during the last quarter. Bank of America Corp DE boosted its position in Fluence Energy by 24.4% during the 1st quarter. Bank of America Corp DE now owns 3,085,730 shares of the company’s stock valued at $42,460,000 after acquiring an additional 604,983 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Fluence Energy by 5,489.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock valued at $60,247,000 after purchasing an additional 2,991,292 shares in the last quarter. UBS Group AG raised its stake in shares of Fluence Energy by 65.2% during the 4th quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock worth $51,940,000 after acquiring an additional 1,036,423 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Fluence Energy by 11.3% during the third quarter. Millennium Management LLC now owns 2,232,750 shares of the company’s stock worth $24,114,000 after purchasing an additional 227,080 shares in the last quarter. Institutional investors own 53.16% of the company’s stock.

Fluence Energy Trading Down 4.2%

NASDAQ FLNC opened at $10.86 on Thursday. The stock’s 50 day moving average is $15.87 and its 200 day moving average is $16.98. The firm has a market capitalization of $2.00 billion, a PE ratio of -17.80 and a beta of 2.78. 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 twelve month low of $6.60 and a twelve month high of $33.51.

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

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.