Fluence Energy (NASDAQ:FLNC) Trading 8.5% Higher After Analyst Upgrade

Fluence Energy, Inc. (NASDAQ:FLNC)’s stock price was up 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 were traded during mid-day trading, a decline of 59% from the average daily volume of 7,947,335 shares. The stock had previously closed at $10.35.

Several other equities research analysts have also issued reports on FLNC. Zacks Research lowered Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Fluence Energy in a report on Wednesday, August 5th. Morgan Stanley set a $15.00 target price on Fluence Energy in a report on Friday, August 7th. UBS Group upgraded Fluence Energy from a “sell” rating to a “neutral” rating and raised their price target for the stock from $9.00 to $12.00 in a research report on Tuesday, August 25th. Finally, Canaccord Genuity Group set a $24.00 price target on Fluence Energy in a research note on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Fluence Energy has an average rating of “Hold” and an average price target of $17.14.

Insiders Place Their Bets

In other Fluence Energy news, Director Harald von Heynitz sold 5,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were 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 of the company’s stock, valued at approximately $1,463,750. The trade was a 7.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP John Zahurancik sold 16,000 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $25.18, for a total transaction of $402,880.00. Following the completion of the transaction, the senior vice president owned 87,145 shares of the company’s stock, valued at $2,194,311.10. This trade represents a 15.51% 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. Over the last three months, insiders have sold 36,974 shares of company stock worth $879,787. Insiders own 0.69% of the company’s stock.

Institutional Trading of Fluence Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc lifted its stake in shares of Fluence Energy by 184.1% in the 2nd quarter. IFP Advisors Inc now owns 1,540 shares of the company’s stock valued at $31,000 after purchasing an additional 998 shares during the period. Curio Wealth LLC bought a new position in Fluence Energy in the fourth quarter worth $31,000. State of Wyoming bought a new position in Fluence Energy in the fourth quarter worth $36,000. Sankala Group LLC purchased a new position in Fluence Energy during the fourth quarter valued at $51,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Fluence Energy by 31.8% during 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 in the last quarter. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

Fluence Energy Stock Down 8.3%

The stock has a market capitalization of $1.87 billion, a PE ratio of -16.59 and a beta of 2.74. The stock’s 50-day moving average price is $13.26 and its two-hundred day moving average price is $16.27. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.89 and a current ratio of 1.34.

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 return on equity of 16.79% and a negative net margin of 3.13%.The business had revenue of $649.85 million during the quarter, compared to analysts’ expectations of $818.57 million. During the same quarter last year, the company posted $0.01 EPS. Fluence Energy’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, analysts expect that Fluence Energy, Inc. will post -0.51 EPS for the current fiscal 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.