Heynitz Harald Von Sells 10,000 Shares of Fluence Energy (NASDAQ:FLNC) Stock

Fluence Energy, Inc. (NASDAQ:FLNC) Director Heynitz Harald Von sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total value of $165,000.00. Following the transaction, the director owned 63,550 shares in the company, valued at approximately $1,048,575. This trade represents a 13.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Fluence Energy Trading Up 0.3%

Shares of FLNC stock traded up $0.04 on Thursday, reaching $16.03. The company had a trading volume of 2,987,660 shares, compared to its average volume of 5,673,476. The stock has a market cap of $2.95 billion, a PE ratio of -36.43 and a beta of 2.99. The company has a 50-day moving average of $20.93 and a 200-day moving average of $18.09. The company has a current ratio of 1.48, a quick ratio of 1.08 and a debt-to-equity ratio of 0.80. Fluence Energy, Inc. has a 12 month low of $3.46 and a 12 month high of $33.51.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Wednesday, February 4th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.16). The firm had revenue of $475.23 million for the quarter, compared to the consensus estimate of $444.23 million. Fluence Energy had a negative return on equity of 10.10% and a negative net margin of 2.04%.The firm’s revenue was up 154.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.32) EPS. On average, equities analysts forecast that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Institutional Trading of Fluence Energy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dragoneer Investment Group LLC bought a new stake in shares of Fluence Energy in the third quarter valued at about $65,883,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Fluence Energy by 5,489.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock worth $60,247,000 after buying an additional 2,991,292 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Fluence Energy by 189.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after buying an additional 2,076,668 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Fluence Energy in the 3rd quarter valued at approximately $14,207,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Fluence Energy in the 3rd quarter valued at approximately $12,901,000. Institutional investors and hedge funds own 53.16% of the company’s stock.

Wall Street Analyst Weigh In

FLNC has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $12.00 price objective on shares of Fluence Energy in a research report on Tuesday, January 20th. Jefferies Financial Group set a $24.00 target price on Fluence Energy in a research note on Monday, February 9th. The Goldman Sachs Group increased their price target on Fluence Energy from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Citigroup lifted their price objective on Fluence Energy from $7.50 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Finally, UBS Group reiterated a “neutral” rating on shares of Fluence Energy in a research report on Thursday, January 15th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.25.

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.