Analysts Set Fluence Energy, Inc. (NASDAQ:FLNC) Target Price at $18.82

Fluence Energy, Inc. (NASDAQ:FLNC) has received a consensus rating of “Hold” from the twenty-one ratings firms that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $19.4706.

Several analysts recently weighed in on FLNC shares. Canaccord Genuity Group set a $28.00 price objective on Fluence Energy in a research note on Friday, May 8th. Barclays reduced their price objective on Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Monday, April 13th. Wall Street Zen lowered Fluence Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Susquehanna raised their price objective on Fluence Energy from $23.00 to $25.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Finally, Citigroup raised their price objective on Fluence Energy from $15.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday.

Insiders Place Their Bets

In related news, 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 sale, the director directly owned 63,550 shares of the company’s stock, valued at $1,048,575. This trade represents a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.69% of the stock is owned by company insiders.

Institutional Trading of Fluence Energy

Several large investors have recently bought and sold shares of the business. Curio Wealth LLC acquired a new stake in shares of Fluence Energy during the fourth quarter valued at about $31,000. State of Wyoming acquired a new stake in shares of Fluence Energy during the fourth quarter valued at about $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 acquired a new stake in shares of Fluence Energy during the third quarter valued at about $48,000. Finally, Sankala Group LLC acquired a new stake in shares of Fluence Energy during the fourth quarter valued at about $51,000. 53.16% of the stock is owned by institutional investors and hedge funds.

Fluence Energy Stock Down 0.8%

Shares of NASDAQ FLNC opened at $20.77 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.91 and a current ratio of 1.43. Fluence Energy has a 52 week low of $4.40 and a 52 week high of $33.51. The stock has a market capitalization of $3.83 billion, a P/E ratio of -57.69 and a beta of 2.62. The stock’s fifty day moving average is $15.42 and its 200 day moving average is $18.99.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.02. The business had revenue of $464.89 million for the quarter, compared to analyst estimates of $614.93 million. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.62%.Fluence Energy’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.24) earnings per share. Sell-side analysts forecast that Fluence Energy will post -0.22 earnings per share for the current fiscal year.

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.