Fluence Energy (NASDAQ:FLNC) Trading Down 6.2% – Time to Sell?

Fluence Energy, Inc. (NASDAQ:FLNC)’s share price dropped 6.2% on Monday . The company traded as low as $22.40 and last traded at $22.6610. Approximately 3,890,291 shares were traded during trading, a decline of 36% from the average daily volume of 6,048,620 shares. The stock had previously closed at $24.16.

Analyst Ratings Changes

FLNC has been the subject of a number of recent research reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $15.00 price objective on shares of Fluence Energy in a research report on Wednesday, April 29th. Zacks Research cut Fluence Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. UBS Group increased their price objective on Fluence Energy from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Monday. Bank of America set a $32.00 price objective on Fluence Energy in a research report on Tuesday, February 3rd. Finally, Citigroup cut their target price on Fluence Energy from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.82.

Fluence Energy Stock Up 4.4%

The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.91. The firm has a 50-day simple moving average of $14.61 and a two-hundred day simple moving average of $18.78. The company has a market cap of $4.64 billion, a PE ratio of -70.08 and a beta of 2.62.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.64%.The business had revenue of $464.89 million during the quarter, compared to the consensus estimate of $614.93 million. During the same quarter in the previous year, the business earned ($0.24) earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Research analysts anticipate that Fluence Energy, Inc. will post -0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Heynitz Harald Von sold 10,000 shares of the stock in a transaction dated 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 directly owned 63,550 shares in the company, valued at approximately $1,048,575. This represents a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Fluence Energy

Several large investors have recently added to or reduced their stakes in FLNC. AQR Capital Management LLC grew its position in Fluence Energy by 1,441.8% during the first quarter. AQR Capital Management LLC now owns 900,674 shares of the company’s stock valued at $4,368,000 after acquiring an additional 842,257 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Fluence Energy during the first quarter valued at about $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Fluence Energy by 2.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company’s stock valued at $575,000 after acquiring an additional 3,364 shares during the period. Goldman Sachs Group Inc. grew its position in Fluence Energy by 189.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after acquiring an additional 2,076,668 shares during the period. Finally, Strs Ohio purchased a new stake in Fluence Energy during the first quarter valued at about $93,000. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

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.