Fluence Energy (NASDAQ:FLNC) Trading Down 8.7% – Time to Sell?

Fluence Energy, Inc. (NASDAQ:FLNC) traded down 8.7% on Tuesday . The stock traded as low as $24.99 and last traded at $24.7280. 1,597,013 shares were traded during trading, a decline of 66% from the average session volume of 4,734,556 shares. The stock had previously closed at $27.08.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Mizuho reaffirmed an “underperform” rating and issued a $15.00 price target (up previously from $9.00) on shares of Fluence Energy in a report on Monday, December 8th. Citigroup lifted their price objective on shares of Fluence Energy from $7.50 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Wall Street Zen raised Fluence Energy from a “sell” rating to a “hold” rating in a research report on Sunday, November 2nd. Susquehanna lifted their price objective on shares of Fluence Energy from $17.00 to $20.00 and gave the company a “positive” rating in a report on Wednesday, November 26th. Finally, UBS Group restated a “neutral” rating on shares of Fluence Energy in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $14.02.

Fluence Energy Stock Performance

The company has a current ratio of 1.51, a quick ratio of 1.17 and a debt-to-equity ratio of 0.71. The firm’s 50 day simple moving average is $20.66 and its 200 day simple moving average is $14.60. The firm has a market cap of $4.63 billion, a PE ratio of -60.27 and a beta of 2.88.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Monday, November 24th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.10). The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.39 billion. Fluence Energy had a negative net margin of 2.14% and a negative return on equity of 9.21%. Fluence Energy’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 EPS. On average, research analysts forecast that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluence Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of FLNC. GAMMA Investing LLC lifted its position in Fluence Energy by 22.2% during the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after purchasing an additional 437 shares during the period. Nisa Investment Advisors LLC raised its stake in Fluence Energy by 17.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the company’s stock worth $79,000 after purchasing an additional 586 shares during the period. Jones Financial Companies Lllp raised its position in Fluence Energy by 8.6% in the third quarter. Jones Financial Companies Lllp now owns 13,452 shares of the company’s stock valued at $160,000 after purchasing an additional 1,063 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Fluence Energy by 1.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,185 shares of the company’s stock worth $1,082,000 after acquiring an additional 1,082 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Fluence Energy by 4.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,657 shares of the company’s stock valued at $669,000 after buying an additional 1,434 shares during the period. Hedge funds and other institutional investors own 53.16% of the company’s stock.

About Fluence Energy

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.