Fluence Energy, Inc. (NASDAQ:FLNC) Receives $16.67 Average Price Target from Brokerages

Fluence Energy, Inc. (NASDAQ:FLNC) has received an average rating of “Reduce” from the twenty ratings firms that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $16.2941.

A number of equities analysts recently commented on FLNC shares. The Goldman Sachs Group dropped their price objective on Fluence Energy from $28.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Royal Bank Of Canada restated a “sector perform” rating and issued a $12.00 price objective on shares of Fluence Energy in a report on Tuesday, January 20th. Citigroup dropped their price objective on Fluence Energy from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday. Barclays dropped their price objective on Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. Finally, UBS Group restated a “sell” rating and issued a $8.00 price objective (down from $22.00) on shares of Fluence Energy in a report on Friday, April 17th.

Fluence Energy Price Performance

FLNC stock opened at $13.52 on Friday. 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 has a one year low of $3.65 and a one year high of $33.51. The firm has a market capitalization of $2.49 billion, a PE ratio of -30.73 and a beta of 2.96. The firm has a 50-day moving average of $15.20 and a two-hundred day moving average of $18.92.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings data on Wednesday, February 4th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.16). The firm had revenue of $475.23 million for the quarter, compared to analysts’ expectations of $444.23 million. Fluence Energy had a negative net margin of 2.04% and a negative return on equity of 10.10%. Fluence Energy’s quarterly revenue was up 154.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.32) earnings per share. On average, analysts forecast that Fluence Energy will post -0.22 earnings per share for the current year.

Insider Buying and Selling

In other Fluence Energy news, Director Heynitz Harald Von sold 10,000 shares of the stock in a transaction that occurred 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 $1,048,575. This trade represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.69% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fluence Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dragoneer Investment Group LLC acquired a new position in Fluence Energy during the third quarter valued at approximately $65,883,000. Goldman Sachs Group Inc. grew its stake in shares of Fluence Energy by 189.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after acquiring an additional 2,076,668 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Fluence Energy by 5,489.8% in 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 acquiring an additional 2,991,292 shares during the last quarter. UBS Group AG grew its stake in shares of Fluence Energy by 65.2% in the fourth quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock worth $51,940,000 after acquiring an additional 1,036,423 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Fluence Energy by 11.3% in the third quarter. Millennium Management LLC now owns 2,232,750 shares of the company’s stock worth $24,114,000 after acquiring an additional 227,080 shares during the last quarter. Institutional investors and hedge funds own 53.16% of the company’s stock.

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.