Fluence Energy Target of Unusually Large Options Trading (NASDAQ:FLNC)

Fluence Energy, Inc. (NASDAQ:FLNC) was the target of some unusual options trading activity on Tuesday. Stock traders bought 8,213 call options on the stock. This is an increase of 60% compared to the average volume of 5,133 call options.

Fluence Energy Stock Performance

NASDAQ:FLNC opened at $5.57 on Thursday. The firm has a market cap of $1.01 billion, a PE ratio of -25.32 and a beta of 2.51. Fluence Energy has a fifty-two week low of $3.46 and a fifty-two week high of $24.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 1.51. The business has a 50 day moving average price of $4.61 and a 200-day moving average price of $8.72.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.03). Fluence Energy had a negative return on equity of 4.40% and a negative net margin of 1.10%. The business had revenue of $431.62 million during the quarter, compared to analysts’ expectations of $328.17 million. During the same period in the previous year, the business earned ($0.07) EPS. The business’s revenue was down 30.7% compared to the same quarter last year. Equities research analysts predict that Fluence Energy will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Fluence Energy

In related news, Director Cynthia A. Arnold purchased 33,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were purchased at an average cost of $5.90 per share, for a total transaction of $194,700.00. Following the completion of the transaction, the director now directly owns 86,202 shares in the company, valued at approximately $508,591.80. This represents a 62.03% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Fluence Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Duff & Phelps Investment Management Co. raised its holdings in Fluence Energy by 5.6% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 27,192 shares of the company’s stock worth $432,000 after purchasing an additional 1,432 shares in the last quarter. Lazard Freres Gestion S.A.S. raised its holdings in Fluence Energy by 7.3% in the fourth quarter. Lazard Freres Gestion S.A.S. now owns 22,180 shares of the company’s stock worth $352,000 after purchasing an additional 1,500 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Fluence Energy by 0.4% during the fourth 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 in the last quarter. Swiss National Bank raised its position in shares of Fluence Energy by 1.4% in the 4th quarter. Swiss National Bank now owns 126,800 shares of the company’s stock worth $2,014,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Altshuler Shaham Ltd purchased a new position in shares of Fluence Energy in the 4th quarter worth about $34,000. Institutional investors own 53.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Hsbc Global Res cut Fluence Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 28th. Morgan Stanley upped their price objective on shares of Fluence Energy from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Mizuho decreased their price objective on shares of Fluence Energy from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Monday, June 2nd. Jefferies Financial Group cut shares of Fluence Energy from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $4.00 to $3.00 in a research report on Thursday, May 15th. Finally, Canaccord Genuity Group decreased their price objective on shares of Fluence Energy from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fluence Energy currently has an average rating of “Hold” and a consensus target price of $8.12.

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.