Fluence Energy (NASDAQ:FLNC) Trading Down 11.3% – Should You Sell?

Fluence Energy, Inc. (NASDAQ:FLNC) shares dropped 11.3% during mid-day trading on Tuesday . The company traded as low as $22.06 and last traded at $22.3480. 3,074,919 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 8,042,970 shares. The stock had previously closed at $25.19.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FLNC. JPMorgan Chase & Co. raised their price objective on shares of Fluence Energy from $13.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Susquehanna increased their target price on shares of Fluence Energy from $23.00 to $25.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Royal Bank Of Canada lifted their price target on shares of Fluence Energy from $12.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Monday, May 11th. Guggenheim raised shares of Fluence Energy from a “sell” rating to a “neutral” rating in a research report on Thursday, March 19th. Finally, HSBC raised 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. Five equities 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $19.47.

Fluence Energy Price Performance

The company has a 50-day moving average of $19.81 and a 200-day moving average of $19.74. 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 stock has a market cap of $3.64 billion, a price-to-earnings ratio of -54.86 and a beta of 2.77.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $614.93 million. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. Fluence Energy’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.24) EPS. As a group, equities research analysts predict that Fluence Energy, Inc. will post -0.22 earnings per share for the current year.

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, major shareholder Qatar Investment Authority sold 2,867,172 shares of the stock in a transaction on Friday, May 15th. The stock was 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 owned 11,801,103 shares in the company, valued at approximately $247,823,163. This represents a 19.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John Zahurancik sold 15,974 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $22.03, for a total value of $351,907.22. Following the completion of the sale, the senior vice president directly owned 71,171 shares of the company’s stock, valued at approximately $1,567,897.13. This trade represents a 18.33% decrease in their position. 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. In the last 90 days, insiders have sold 2,904,146 shares of company stock valued at $61,090,399. 0.69% of the stock is owned by corporate insiders.

Institutional Trading of Fluence Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc boosted its stake in shares of Fluence Energy by 882.1% during the 4th quarter. Legal & General Group Plc now owns 738,898 shares of the company’s stock worth $14,615,000 after acquiring an additional 663,660 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in Fluence Energy during the third quarter worth $4,062,000. Dragoneer Investment Group LLC purchased a new stake in Fluence Energy during the third quarter worth $65,883,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Fluence Energy by 493.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 445,350 shares of the company’s stock valued at $8,809,000 after purchasing an additional 370,350 shares during the last quarter. Finally, UBS Group AG grew its holdings in Fluence Energy by 65.2% in the fourth quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock valued at $51,940,000 after purchasing an additional 1,036,423 shares during the last quarter. Institutional investors and hedge funds 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.