Fluence Energy (NASDAQ:FLNC) Shares Gap Up – Should You Buy?

Fluence Energy, Inc. (NASDAQ:FLNC)’s share price gapped up prior to trading on Friday . The stock had previously closed at $13.47, but opened at $15.13. Fluence Energy shares last traded at $13.6770, with a volume of 2,140,854 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FLNC shares. Susquehanna upped their target price on shares of Fluence Energy from $23.00 to $25.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Royal Bank Of Canada boosted their price target on Fluence Energy from $12.00 to $16.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. JPMorgan Chase & Co. increased their price objective on Fluence Energy from $13.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Zacks Research upgraded Fluence Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, HSBC raised Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 target price for the company in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Fluence Energy has an average rating of “Hold” and a consensus target price of $19.53.

Fluence Energy Stock Performance

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 company has a market cap of $2.56 billion, a PE ratio of -38.62 and a beta of 2.75. The business has a fifty day simple moving average of $19.41 and a two-hundred day simple moving average of $18.72.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. The business had revenue of $464.89 million for the quarter, compared to the consensus estimate of $614.93 million. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.62%.The business’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted ($0.24) EPS. Research analysts anticipate that Fluence Energy, Inc. will post -0.18 earnings per share for the current year.

Insider Activity at Fluence Energy

In other Fluence Energy news, major shareholder Qatar Investment Authority sold 2,867,172 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $21.00, for a total value of $60,210,612.00. Following the completion of the transaction, the insider directly owned 11,801,103 shares in the company, valued at approximately $247,823,163. The trade was a 19.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John Zahurancik sold 15,974 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,904,146 shares of company stock valued at $61,090,399 over the last quarter. 0.69% of the stock is owned by corporate insiders.

Institutional Trading of Fluence Energy

A number of institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in shares of Fluence Energy by 5,489.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock worth $60,247,000 after buying an additional 2,991,292 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Fluence Energy by 189.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after acquiring an additional 2,076,668 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Fluence Energy in the first quarter valued at approximately $19,579,000. Jacobs Levy Equity Management Inc. acquired a new stake in Fluence Energy in the third quarter valued at approximately $14,207,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Fluence Energy in the third quarter worth $12,901,000. 53.16% of the stock is currently owned by 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.