Fluence Energy (NASDAQ:FLNC) Director Heynitz Harald Von Sells 5,000 Shares

Fluence Energy, Inc. (NASDAQ:FLNC) Director Heynitz Harald Von sold 5,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were 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 $1,463,750. This represents a 7.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Heynitz Harald Von also recently made the following trade(s):

• On Wednesday, March 18th, Heynitz Harald Von sold 10,000 shares of Fluence Energy stock. The stock was sold at an average price of $16.50, for a total transaction of $165,000.00.

Fluence Energy Price Performance

NASDAQ:FLNC opened at $23.92 on Wednesday. The company has a 50-day moving average of $18.64 and a 200-day moving average of $19.61. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of -66.44 and a beta of 2.77. Fluence Energy, Inc. has a 52 week low of $5.32 and a 52 week high of $33.51. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.91 and a current ratio of 1.43.

Fluence Energy (NASDAQ:FLNC) last released 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. The company had revenue of $464.89 million during the quarter, compared to the consensus estimate of $614.93 million. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.24) EPS. As a group, equities research analysts anticipate that Fluence Energy, Inc. will post -0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Roth Mkm raised shares of Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, May 8th. Barclays lowered their price target on shares of Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating for the company in a research report on Monday, April 13th. JPMorgan Chase & Co. lifted their price target on shares of Fluence Energy from $13.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. BMO Capital Markets reiterated a “market perform” rating and set a $15.00 price target on shares of Fluence Energy in a research report on Wednesday, April 29th. Finally, UBS Group lifted their price target on shares of Fluence Energy from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fluence Energy presently has a consensus rating of “Hold” and a consensus target price of $19.47.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Curio Wealth LLC bought a new stake in shares of Fluence Energy in the fourth quarter worth $31,000. State of Wyoming bought a new stake in shares of Fluence Energy in the fourth quarter worth $36,000. EverSource Wealth Advisors LLC lifted its position in shares of Fluence Energy by 31.8% in the first quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock worth $38,000 after purchasing an additional 672 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Fluence Energy by 22.2% in the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after purchasing an additional 437 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Fluence Energy in the third quarter worth $48,000. Institutional investors own 53.16% of the company’s stock.

Fluence Energy Company Profile

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.