Fluence Energy, Inc. (NASDAQ:FLNC) Receives Consensus Rating of “Hold” from Analysts

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have been assigned a consensus recommendation of “Hold” from the twenty-five analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, fifteen have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $14.34.

A number of equities analysts have recently commented on the company. Canaccord Genuity Group dropped their price objective on Fluence Energy from $34.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Piper Sandler dropped their price target on Fluence Energy from $20.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. The Goldman Sachs Group cut their price target on Fluence Energy from $26.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Bank of America downgraded shares of Fluence Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $20.00 to $8.00 in a research note on Thursday, February 13th. Finally, Wolfe Research cut shares of Fluence Energy from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 12th.

Insider Activity

In other news, CFO Ahmed Pasha purchased 15,500 shares of the company’s stock in a transaction on Friday, February 14th. The shares were purchased at an average price of $6.48 per share, with a total value of $100,440.00. Following the purchase, the chief financial officer now directly owns 24,703 shares of the company’s stock, valued at $160,075.44. This trade represents a 168.42 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Herman E. Bulls purchased 10,000 shares of Fluence Energy stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $5.41 per share, with a total value of $54,100.00. Following the transaction, the director now owns 115,861 shares in the company, valued at approximately $626,808.01. The trade was a 9.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 89,000 shares of company stock valued at $655,365 in the last ninety days. 0.65% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Duff & Phelps Investment Management Co. lifted its stake in Fluence Energy by 5.6% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 27,192 shares of the company’s stock valued at $432,000 after purchasing an additional 1,432 shares during the last quarter. US Bancorp DE lifted its position in shares of Fluence Energy by 676.6% in the third quarter. US Bancorp DE now owns 1,693 shares of the company’s stock valued at $38,000 after buying an additional 1,475 shares during the last quarter. Lazard Freres Gestion S.A.S. boosted its stake in shares of Fluence Energy by 7.3% during the 4th quarter. Lazard Freres Gestion S.A.S. now owns 22,180 shares of the company’s stock worth $352,000 after acquiring an additional 1,500 shares during the period. KBC Group NV increased its holdings in shares of Fluence Energy by 1.6% during the 4th quarter. KBC Group NV now owns 108,296 shares of the company’s stock worth $1,720,000 after acquiring an additional 1,671 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Fluence Energy by 0.4% in the 4th quarter. Ameriprise Financial Inc. now owns 440,002 shares of the company’s stock valued at $6,988,000 after acquiring an additional 1,734 shares during the period. Institutional investors own 53.16% of the company’s stock.

Fluence Energy Stock Down 1.9 %

Shares of Fluence Energy stock opened at $5.28 on Thursday. Fluence Energy has a 12-month low of $4.79 and a 12-month high of $26.12. The stock has a market capitalization of $958.58 million, a P/E ratio of -105.60 and a beta of 2.50. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.74. The stock has a 50 day moving average price of $10.87 and a two-hundred day moving average price of $16.61.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings data on Monday, February 10th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.15). Fluence Energy had a negative return on equity of 0.36% and a negative net margin of 0.08%. Equities analysts expect that Fluence Energy will post 0.08 earnings per share for the current year.

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.