Fluence Energy, Inc. (NASDAQ:FLNC) Receives $18.82 Average Target Price from Analysts

Fluence Energy, Inc. (NASDAQ:FLNC) has been assigned an average rating of “Hold” from the twenty-one research firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $19.4706.

Several research analysts recently weighed in on the company. Susquehanna increased their price objective on Fluence Energy from $23.00 to $25.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Mizuho set a $13.00 price objective on shares of Fluence Energy in a report on Friday, February 6th. HSBC raised shares of Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 price objective for the company in a research report on Friday, May 8th. Bank of America set a $32.00 price objective on Fluence Energy in a research note on Tuesday, February 3rd. Finally, Weiss Ratings lowered Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 8th.

Fluence Energy Trading Down 5.9%

FLNC opened at $19.54 on Tuesday. 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’s 50 day simple moving average is $15.50 and its two-hundred day simple moving average is $19.01. Fluence Energy has a 1-year low of $4.40 and a 1-year high of $33.51. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of -54.28 and a beta of 2.62.

Fluence Energy (NASDAQ:FLNC) last issued its earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.02. The company had revenue of $464.89 million during the quarter, compared to analysts’ expectations of $614.93 million. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.62%.The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.24) EPS. Analysts expect that Fluence Energy will post -0.22 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Qatar Investment Authority sold 2,867,172 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $21.00, for a total transaction of $60,210,612.00. Following the transaction, the insider owned 11,801,103 shares of the company’s stock, valued at approximately $247,823,163. This represents a 19.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Heynitz Harald Von sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 63,550 shares of the company’s stock, valued at approximately $1,048,575. The trade was a 13.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Fluence Energy

A number of large investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in shares of Fluence Energy by 22.2% during the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after acquiring an additional 437 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Fluence Energy by 17.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the company’s stock valued at $79,000 after buying an additional 586 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Fluence Energy by 31.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock valued at $38,000 after buying an additional 672 shares during the period. Sei Investments Co. boosted its stake in shares of Fluence Energy by 4.5% in the 1st quarter. Sei Investments Co. now owns 16,222 shares of the company’s stock valued at $223,000 after buying an additional 703 shares during the period. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Fluence Energy by 10.7% in the 4th quarter. SBI Securities Co. Ltd. now owns 9,638 shares of the company’s stock valued at $191,000 after buying an additional 935 shares during the period. Hedge funds and other 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.