Fluence Energy (NASDAQ:FLNC) Raised to “Strong Sell” at Piper Sandler

Fluence Energy (NASDAQ:FLNC) was upgraded by equities researchers at Piper Sandler to a “strong sell” rating in a report issued on Tuesday, Zacks reports.

A number of other brokerages have also issued reports on FLNC. Royal Bank Of Canada decreased their price target on Fluence Energy from $16.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Fluence Energy in a research note on Wednesday, August 5th. UBS Group upgraded shares of Fluence Energy from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $9.00 to $12.00 in a report on Tuesday, August 25th. Barclays cut shares of Fluence Energy from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $16.00 to $10.00 in a research report on Thursday, September 3rd. Finally, Zacks Research downgraded shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Six analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.14.

Fluence Energy Trading Down 8.3%

Shares of FLNC opened at $10.12 on Tuesday. Fluence Energy has a fifty-two week low of $6.60 and a fifty-two week high of $33.51. The company has a market capitalization of $1.87 billion, a PE ratio of -16.59 and a beta of 2.74. The stock has a fifty day moving average of $13.26 and a two-hundred day moving average of $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) EPS for the quarter. The business had revenue of $649.85 million during the quarter, compared to analysts’ expectations of $818.57 million. Fluence Energy had a negative net margin of 3.13% and a negative return on equity of 16.79%. Fluence Energy’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. As a group, analysts forecast that Fluence Energy will post -0.51 EPS for the current year.

Insider Buying and Selling

In other Fluence Energy news, Director Harald von Heynitz sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 58,550 shares in the company, valued at $1,463,750. The trade was a 7.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP John Zahurancik sold 16,000 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president owned 87,145 shares of the company’s stock, valued at approximately $2,194,311.10. This represents a 15.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 36,974 shares of company stock worth $879,787. 0.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Fluence Energy

A number of institutional investors have recently added to or reduced their stakes in the business. Curio Wealth LLC acquired a new stake in Fluence Energy in the 4th quarter valued at $31,000. IFP Advisors Inc raised its position in Fluence Energy by 184.1% in the second 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. State of Wyoming acquired a new position in shares of Fluence Energy during the fourth quarter worth about $36,000. EverSource Wealth Advisors LLC lifted its stake in shares of Fluence Energy by 31.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock worth $38,000 after purchasing an additional 672 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Fluence Energy in the third quarter worth about $48,000. 53.16% of the stock is owned by hedge funds and other 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.