Fluence Energy, Inc. (NASDAQ:FLNC) Given Consensus Rating of “Hold” by Analysts

Fluence Energy, Inc. (NASDAQ:FLNC) has been assigned an average rating of “Hold” from the twenty-one brokerages that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $16.25.

A number of equities research analysts recently weighed in on FLNC shares. Morgan Stanley set a $16.00 price objective on shares of Fluence Energy in a report on Monday, January 26th. Citigroup raised their target price on shares of Fluence Energy from $7.50 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Fluence Energy in a report on Monday, December 29th. Barclays increased their price objective on Fluence Energy from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 14th. Finally, Bank of America set a $32.00 price objective on Fluence Energy in a report on Tuesday, February 3rd.

Fluence Energy Stock Performance

Shares of Fluence Energy stock opened at $14.15 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. The stock’s fifty day moving average is $19.76 and its two-hundred day moving average is $18.58. Fluence Energy has a 52 week low of $3.46 and a 52 week high of $33.51. The company has a market capitalization of $2.60 billion, a PE ratio of -32.16 and a beta of 2.99.

Fluence Energy (NASDAQ:FLNC) last released its earnings results 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 business 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 for the quarter was up 154.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.32) earnings per share. As a group, analysts expect that Fluence Energy will post 0.08 earnings per share for the current year.

Insider Activity at Fluence Energy

In other news, Director Heynitz Harald Von sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLNC. Curio Wealth LLC bought a new stake in shares of Fluence Energy in the 4th quarter valued at about $31,000. State of Wyoming bought a new position in shares of Fluence Energy during the fourth quarter valued at approximately $36,000. GAMMA Investing LLC boosted its stake 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 valued at $48,000 after purchasing an additional 437 shares in the last quarter. Advisory Services Network LLC purchased a new position in Fluence Energy during the third quarter valued at approximately $48,000. Finally, Sankala Group LLC bought a new position in Fluence Energy in the fourth quarter worth approximately $51,000. 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.