Fluence Energy (NASDAQ:FLNC) Rating Lowered to Strong Sell at Zacks Research

Fluence Energy (NASDAQ:FLNC) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

FLNC has been the topic of a number of other research reports. Jefferies Financial Group set a $24.00 price target on shares of Fluence Energy in a research note on Monday, February 9th. Guggenheim raised shares of Fluence Energy from a “sell” rating to a “neutral” rating in a research note on Thursday, March 19th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $12.00 target price on shares of Fluence Energy in a research note on Tuesday, January 20th. The Goldman Sachs Group raised their target price on shares of Fluence Energy from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Johnson Rice reissued a “hold” rating and issued a $18.00 target price on shares of Fluence Energy in a research note on Monday, December 8th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.25.

Fluence Energy Stock Performance

NASDAQ:FLNC opened at $13.12 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. The company has a market cap of $2.41 billion, a P/E ratio of -29.82 and a beta of 2.96. Fluence Energy has a fifty-two week low of $3.46 and a fifty-two week high of $33.51. The firm’s 50 day moving average is $17.49 and its two-hundred day moving average is $18.82.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings results on Wednesday, February 4th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.16). The company had revenue of $475.23 million for the quarter, compared to analysts’ expectations of $444.23 million. Fluence Energy had a negative return on equity of 10.10% and a negative net margin of 2.04%.The business’s revenue for the quarter was up 154.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.32) EPS. Analysts expect that Fluence Energy will post 0.08 EPS for the current year.

Insiders Place Their Bets

In other Fluence Energy news, Director Heynitz Harald Von sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $16.50, for a total transaction of $165,000.00. Following the completion of the transaction, the director directly owned 63,550 shares of the company’s stock, valued at $1,048,575. This trade represents a 13.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FLNC. Curio Wealth LLC acquired a new position in shares of Fluence Energy in the 4th quarter valued at about $31,000. State of Wyoming acquired a new position in shares of Fluence Energy in the 4th quarter valued at about $36,000. GAMMA Investing LLC boosted its holdings in shares of Fluence Energy by 22.2% in the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after buying an additional 437 shares during the period. Advisory Services Network LLC acquired a new position in shares of Fluence Energy in the 3rd quarter valued at about $48,000. Finally, Sankala Group LLC acquired a new position in shares of Fluence Energy in the 4th quarter valued at about $51,000. 53.16% of the stock is owned by institutional investors and hedge funds.

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.