Fluence Energy (NASDAQ:FLNC) SVP John Zahurancik Sells 15,974 Shares of Stock

Fluence Energy, Inc. (NASDAQ:FLNC) SVP John Zahurancik sold 15,974 shares of Fluence Energy stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $22.03, for a total transaction of $351,907.22. Following 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 sale was disclosed in a legal 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 Monday, June 22nd, John Zahurancik sold 16,000 shares of Fluence Energy stock. The stock was sold at an average price of $25.18, for a total transaction of $402,880.00.

Fluence Energy Price Performance

Shares of NASDAQ FLNC opened at $19.75 on Thursday. Fluence Energy, Inc. has a fifty-two week low of $5.74 and a fifty-two week high of $33.51. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of -54.86 and a beta of 2.77. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.91 and a current ratio of 1.43. The firm’s 50-day simple moving average is $19.81 and its 200 day simple moving average is $19.74.

Fluence Energy (NASDAQ:FLNC) last released 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 during 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 company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.24) EPS. As a group, research analysts anticipate that Fluence Energy, Inc. will post -0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FLNC. Susquehanna lifted their target price on Fluence Energy from $23.00 to $25.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Canaccord Genuity Group set a $28.00 price objective on Fluence Energy in a research note on Friday, May 8th. JPMorgan Chase & Co. raised their price objective on Fluence Energy from $13.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. HSBC raised shares of Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 price objective on the stock in a report on Friday, May 8th. Finally, Wall Street Zen downgraded shares of Fluence Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $19.47.

Institutional Trading of Fluence Energy

Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC grew its stake in 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 period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Fluence Energy during the 1st quarter valued at $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 worth $575,000 after purchasing an additional 3,364 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Fluence Energy by 189.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after purchasing an additional 2,076,668 shares during the period. Finally, Strs Ohio purchased a new position in shares of Fluence Energy in the 1st quarter worth about $93,000. 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.