Fluence Energy (NASDAQ:FLNC) Stock Rating Lowered by Roth Mkm

Fluence Energy (NASDAQ:FLNC) was downgraded by research analysts at Roth Mkm from a “buy” rating to a “neutral” rating in a report released on Wednesday, MarketBeat Ratings reports. They presently have a $6.50 price objective on the stock, down from their prior price objective of $20.00. Roth Mkm’s price target points to a potential upside of 5.18% from the company’s previous close.

A number of other analysts have also commented on FLNC. Jefferies Financial Group lowered Fluence Energy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $22.00 to $15.00 in a research report on Wednesday, January 22nd. Piper Sandler upped their price target on Fluence Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Guggenheim lowered shares of Fluence Energy from a “buy” rating to a “sell” rating and reduced their price objective for the stock from $26.00 to $6.00 in a research note on Tuesday. Truist Financial boosted their price objective on shares of Fluence Energy from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $20.00 target price (down from $24.00) on shares of Fluence Energy in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $14.64.

Fluence Energy Price Performance

Shares of FLNC stock opened at $6.18 on Wednesday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 47.54, a P/E/G ratio of 0.49 and a beta of 2.37. The stock’s fifty day simple moving average is $15.03 and its 200 day simple moving average is $18.07. Fluence Energy has a one year low of $6.05 and a one year high of $26.12.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings results on Monday, February 10th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.15). Fluence Energy had a net margin of 0.89% and a return on equity of 4.10%. On average, research analysts anticipate that Fluence Energy will post 0.48 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Herman E. Bulls bought 10,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of $15.57 per share, with a total value of $155,700.00. Following the completion of the acquisition, the director now owns 75,861 shares of the company’s stock, valued at $1,181,155.77. The trade was a 15.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.65% of the stock is owned by company insiders.

Institutional Trading of Fluence Energy

A number of hedge funds have recently made changes to their positions in FLNC. Altshuler Shaham Ltd acquired a new position in shares of Fluence Energy in the fourth quarter valued at approximately $34,000. US Bancorp DE grew its holdings in Fluence Energy by 676.6% during the 3rd quarter. US Bancorp DE now owns 1,693 shares of the company’s stock worth $38,000 after acquiring an additional 1,475 shares during the period. CWM LLC lifted its stake in Fluence Energy by 164.4% in the third quarter. CWM LLC now owns 2,842 shares of the company’s stock valued at $65,000 after buying an additional 1,767 shares during the period. Point72 DIFC Ltd acquired a new stake in Fluence Energy in the third quarter worth $74,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new stake in Fluence Energy in the 4th quarter valued at about $79,000. 53.16% of the stock is owned by institutional investors and hedge funds.

About Fluence Energy

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.