Fluence Energy (NASDAQ:FLNC) Shares Up 7.9% – Still a Buy?

Fluence Energy, Inc. (NASDAQ:FLNC)’s stock price shot up 7.9% on Tuesday . The company traded as high as $13.42 and last traded at $13.6340. 1,018,994 shares were traded during mid-day trading, a decline of 80% from the average session volume of 5,164,293 shares. The stock had previously closed at $12.63.

Analyst Ratings Changes

A number of research firms recently weighed in on FLNC. Barclays lowered their price objective on shares of Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Monday, April 13th. Jefferies Financial Group set a $24.00 price objective on shares of Fluence Energy in a research report on Monday, February 9th. The Goldman Sachs Group lowered their price objective on shares of Fluence Energy from $28.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Citigroup lowered their price objective on shares of Fluence Energy from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Zacks Research lowered shares of Fluence Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Fluence Energy presently has a consensus rating of “Reduce” and an average price target of $16.29.

Fluence Energy Stock Up 0.2%

The company has a market capitalization of $2.49 billion, a PE ratio of -30.74 and a beta of 2.96. The firm’s 50-day simple moving average is $15.28 and its 200 day simple moving average is $18.96. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.08 and a current ratio of 1.48.

Fluence Energy (NASDAQ:FLNC) last issued its earnings results on Wednesday, February 4th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate 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%.Fluence Energy’s revenue for the quarter was up 154.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. As a group, equities research analysts forecast that Fluence Energy, Inc. will post -0.22 earnings per share for the current year.

Insider Activity at Fluence Energy

In other Fluence Energy news, Director Heynitz Harald Von sold 10,000 shares of the business’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 sale, the director directly owned 63,550 shares in the company, valued at approximately $1,048,575. The trade was a 13.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Fluence Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Curio Wealth LLC purchased a new stake in shares of Fluence Energy in the 4th quarter worth about $31,000. State of Wyoming purchased a new stake in shares of Fluence Energy in the 4th quarter worth about $36,000. GAMMA Investing LLC boosted its position 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 worth $48,000 after buying an additional 437 shares in the last quarter. Sankala Group LLC acquired a new position in shares of Fluence Energy during the 4th quarter worth approximately $51,000. Finally, Farther Finance Advisors LLC lifted its stake in Fluence Energy by 442.9% in the 4th quarter. Farther Finance Advisors LLC now owns 3,377 shares of the company’s stock valued at $67,000 after buying an additional 2,755 shares in 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.