Fluence Energy, Inc. (NASDAQ:FLNC) Given Consensus Recommendation of “Hold” by Analysts

Fluence Energy, Inc. (NASDAQ:FLNC) has been given an average rating of “Hold” by the twenty-four brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $13.98.

FLNC has been the topic of a number of recent research reports. BMO Capital Markets downgraded Fluence Energy from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $22.00 to $10.00 in a research report on Tuesday, February 11th. Susquehanna dropped their target price on shares of Fluence Energy from $23.00 to $10.00 and set a “positive” rating on the stock in a report on Wednesday, February 12th. Royal Bank of Canada lowered shares of Fluence Energy from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $25.00 to $7.00 in a report on Wednesday, February 12th. Citigroup lowered their price target on shares of Fluence Energy from $24.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group reduced their price objective on shares of Fluence Energy from $26.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th.

Fluence Energy Trading Down 0.2 %

Shares of FLNC opened at $4.31 on Monday. The firm has a market capitalization of $782.48 million, a price-to-earnings ratio of -86.20 and a beta of 2.48. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.57 and a quick ratio of 1.14. Fluence Energy has a 1-year low of $3.63 and a 1-year high of $26.12. The company has a 50-day moving average of $7.25 and a 200 day moving average of $14.86.

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

Insider Activity at Fluence Energy

In other news, Director Herman E. Bulls acquired 30,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $6.53 per share, with a total value of $195,900.00. Following the completion of the acquisition, the director now owns 105,861 shares of the company’s stock, valued at approximately $691,272.33. This trade represents a 39.55 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Julian Nebreda bought 23,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $6.35 per share, with a total value of $149,225.00. Following the acquisition, the chief executive officer now directly owns 120,455 shares of the company’s stock, valued at approximately $764,889.25. This trade represents a 24.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 79,000 shares of company stock valued at $499,665 in the last three months. 0.65% of the stock is owned by insiders.

Hedge Funds Weigh In On Fluence Energy

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its stake in shares of Fluence Energy by 29.4% in the fourth quarter. Wellington Management Group LLP now owns 755,718 shares of the company’s stock worth $12,001,000 after acquiring an additional 171,836 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Fluence Energy by 18.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,459 shares of the company’s stock worth $3,040,000 after purchasing an additional 30,252 shares during the period. Zimmer Partners LP raised its stake in shares of Fluence Energy by 757.7% during the 4th quarter. Zimmer Partners LP now owns 2,144,301 shares of the company’s stock valued at $34,052,000 after buying an additional 1,894,301 shares during the last quarter. Vident Advisory LLC lifted its holdings in shares of Fluence Energy by 35.8% in the 4th quarter. Vident Advisory LLC now owns 13,930 shares of the company’s stock valued at $221,000 after buying an additional 3,672 shares during the period. Finally, Wexford Capital LP acquired a new stake in Fluence Energy during the fourth quarter worth about $2,480,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

Fluence Energy Company Profile

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.