Fluence Energy (NASDAQ:FLNC) SVP Sells $402,880.00 in Stock

Fluence Energy, Inc. (NASDAQ:FLNC) SVP John Zahurancik sold 16,000 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $25.18, for a total transaction of $402,880.00. Following the completion of the transaction, the senior vice president owned 87,145 shares of the company’s stock, valued at $2,194,311.10. This trade represents a 15.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Zahurancik also recently made the following trade(s):

• On Tuesday, June 23rd, John Zahurancik sold 15,974 shares of Fluence Energy stock. The stock was sold at an average price of $22.03, for a total value of $351,907.22.

Fluence Energy Price Performance

Shares of Fluence Energy stock traded down $1.46 during trading on Wednesday, hitting $19.75. The stock had a trading volume of 8,025,459 shares, compared to its average volume of 13,256,077. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.91. The firm has a market cap of $3.64 billion, a P/E ratio of -54.86 and a beta of 2.77. The business has a fifty day moving average of $19.81 and a two-hundred day moving average of $19.74. Fluence Energy, Inc. has a fifty-two week low of $5.74 and a fifty-two week high of $33.51.

Fluence Energy (NASDAQ:FLNC) last released its earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share (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 for the quarter, compared to analyst estimates of $614.93 million. During the same period in the previous year, the company earned ($0.24) earnings per share. Fluence Energy’s revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts expect that Fluence Energy, Inc. will post -0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FLNC. Susquehanna lifted their price target on shares of Fluence Energy from $23.00 to $25.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $22.00 price objective on shares of Fluence Energy in a research report on Thursday, May 7th. HSBC raised Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 price objective for the company in a research note on Friday, May 8th. Guggenheim upgraded Fluence Energy from a “sell” rating to a “neutral” rating in a report on Thursday, March 19th. Finally, Weiss Ratings lowered Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 8th. Five analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Fluence Energy presently has a consensus rating of “Hold” and an average target price of $19.47.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Curio Wealth LLC acquired a new stake in shares of Fluence Energy during the fourth quarter valued at approximately $31,000. State of Wyoming acquired a new position in Fluence Energy in the 4th quarter worth approximately $36,000. EverSource Wealth Advisors LLC boosted its stake in Fluence Energy by 31.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock worth $38,000 after purchasing an additional 672 shares during the period. GAMMA Investing LLC grew its position in Fluence Energy by 22.2% during the 4th 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 acquired a new stake in Fluence Energy during the 3rd quarter valued at $48,000. 53.16% of the stock is 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.