Fluence Energy, Inc. (NASDAQ:FLNC) Receives $16.67 Average PT from Analysts

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have received an average rating of “Reduce” from the twenty-one brokerages that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $15.8889.

A number of research firms have weighed in on FLNC. Bank of America set a $32.00 target price on shares of Fluence Energy in a research note on Tuesday, February 3rd. UBS Group reiterated a “sell” rating and issued a $8.00 target price (down from $22.00) on shares of Fluence Energy in a research note on Friday. Barclays dropped their target price on shares of Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Monday, April 13th. The Goldman Sachs Group dropped their target price on shares of Fluence Energy from $28.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Finally, Jefferies Financial Group set a $24.00 target price on shares of Fluence Energy in a research note on Monday, February 9th.

Insiders Place Their Bets

In other news, Director Heynitz Harald Von sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $16.50, for a total value of $165,000.00. Following the sale, the director owned 63,550 shares of the company’s stock, valued at $1,048,575. The trade was a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.69% of the stock is currently owned by insiders.

Institutional Trading of Fluence Energy

Several hedge funds and other institutional investors have recently modified their holdings of FLNC. Curio Wealth LLC bought a new stake in shares of Fluence Energy in the fourth quarter valued at approximately $31,000. State of Wyoming bought a new stake in shares of Fluence Energy in the fourth quarter valued at approximately $36,000. GAMMA Investing LLC raised its position in shares of Fluence Energy by 22.2% in 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. Advisory Services Network LLC bought a new stake in shares of Fluence Energy in the third quarter valued at approximately $48,000. Finally, Sankala Group LLC bought a new stake in shares of Fluence Energy in the fourth quarter valued at approximately $51,000. Institutional investors own 53.16% of the company’s stock.

Fluence Energy Stock Down 0.1%

FLNC opened at $13.53 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of -30.75 and a beta of 2.96. Fluence Energy has a twelve month low of $3.46 and a twelve month high of $33.51. The company’s 50-day moving average price is $15.62 and its two-hundred day moving average price is $19.01.

Fluence Energy (NASDAQ:FLNC) last released its earnings results on Wednesday, February 4th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.16). The company had revenue of $475.23 million during the quarter, compared to analysts’ expectations of $444.23 million. Fluence Energy had a negative net margin of 2.04% and a negative return on equity of 10.10%. The firm’s revenue was up 154.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.32) earnings per share. As a group, equities analysts expect that Fluence Energy will post 0.08 earnings per share for the current year.

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.