Fluence Energy (NASDAQ:FLNC) Trading Up 8.5% on Analyst Upgrade

Fluence Energy, Inc. (NASDAQ:FLNC) rose 8.5% during mid-day trading on Tuesday after Piper Sandler upgraded the stock to a strong sell rating. The stock traded as high as $11.23 and last traded at $11.2290. 3,293,715 shares traded hands during trading, a decline of 59% from the average daily volume of 7,947,335 shares. The stock had previously closed at $10.35.

FLNC has been the subject of several other reports. Truist Financial started coverage on Fluence Energy in a research report on Monday, July 13th. They issued a “hold” rating and a $16.00 price target for the company. Zacks Research lowered Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Morgan Stanley set a $15.00 target price on Fluence Energy in a research note on Friday, August 7th. Barclays downgraded shares of Fluence Energy from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $16.00 to $10.00 in a report on Thursday, September 3rd. Finally, Citigroup decreased their price target on shares of Fluence Energy from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Six analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.14.

Insiders Place Their Bets

In related news, Director Harald von Heynitz sold 5,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was 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 in the company, valued at $1,463,750. The trade was a 7.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP John Zahurancik sold 15,974 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $22.03, for a total value of $351,907.22. Following the transaction, the senior vice president owned 71,171 shares in the company, valued at approximately $1,567,897.13. This trade represents a 18.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 36,974 shares of company stock valued at $879,787 in the last three months. Insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Fluence Energy

A number of large investors have recently modified their holdings of FLNC. AQR Capital Management LLC raised its position in shares of Fluence Energy by 1,441.8% in the 1st quarter. AQR Capital Management LLC now owns 900,674 shares of the company’s stock valued at $4,368,000 after purchasing an additional 842,257 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Fluence Energy during the 1st quarter worth approximately $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Fluence Energy by 2.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company’s stock valued at $575,000 after purchasing an additional 3,364 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Fluence Energy by 189.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after purchasing an additional 2,076,668 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Fluence Energy in the first quarter worth $93,000. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Fluence Energy Trading Down 8.3%

The stock’s fifty day simple moving average is $13.26 and its 200-day simple moving average is $16.27. The firm has a market cap of $1.87 billion, a PE ratio of -16.59 and a beta of 2.74. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.34 and a quick ratio of 0.89.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.24) earnings per share for the quarter. Fluence Energy had a negative net margin of 3.13% and a negative return on equity of 16.79%. The company had revenue of $649.85 million for the quarter, compared to analysts’ expectations of $818.57 million. During the same period last year, the firm earned $0.01 earnings per share. Fluence Energy’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that Fluence Energy, Inc. will post -0.51 earnings per share for the current year.

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.