Fluence Energy (NASDAQ:FLNC) Downgraded to “Strong Sell” Rating by Zacks Research

Fluence Energy (NASDAQ:FLNC) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday, Zacks reports.

FLNC has been the topic of a number of other reports. Roth Capital set a $18.00 price objective on Fluence Energy in a research note on Friday, August 7th. Royal Bank Of Canada lowered their target price on Fluence Energy from $16.00 to $15.00 and set a “sector perform” rating for the company in a report on Friday, August 7th. Barclays lowered Fluence Energy from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $16.00 to $10.00 in a research note on Thursday, September 3rd. Glj Research cut Fluence Energy from a “buy” rating to a “hold” rating and cut their price target for the stock from $26.00 to $12.89 in a report on Thursday, August 20th. Finally, Mizuho reduced their price objective on shares of Fluence Energy from $15.00 to $8.00 and set an “underperform” rating for the company in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.89.

Fluence Energy Stock Up 2.5%

Shares of NASDAQ FLNC opened at $9.93 on Thursday. The company’s 50 day moving average price is $12.97 and its 200-day moving average price is $16.17. 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 has a 52-week low of $6.79 and a 52-week high of $33.51. The company has a market capitalization of $1.83 billion, a P/E ratio of -16.28 and a beta of 2.74.

Fluence Energy (NASDAQ:FLNC) last released its earnings results on Wednesday, August 5th. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $649.85 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.01 EPS. Equities analysts forecast that Fluence Energy will post -0.51 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Harald von Heynitz sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the completion of the sale, the director 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 legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP John Zahurancik sold 15,974 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $22.03, for a total value of $351,907.22. Following the transaction, the senior vice president directly owned 71,171 shares in the company, valued at $1,567,897.13. The trade was a 18.33% 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. Insiders sold 36,974 shares of company stock valued at $879,787 in the last three months. Insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its holdings in Fluence Energy by 5,489.8% during the 4th 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. Goldman Sachs Group Inc. lifted its position in shares of 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 purchasing an additional 2,076,668 shares in the last quarter. California State Teachers Retirement System grew its position in Fluence Energy by 2,999.1% in the 2nd quarter. California State Teachers Retirement System now owns 1,931,223 shares of the company’s stock worth $38,393,000 after purchasing an additional 1,868,908 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Fluence Energy during the first quarter valued at approximately $19,579,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Fluence Energy during the third quarter worth $14,207,000. 53.16% of the stock is currently owned by institutional investors and hedge funds.

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.