Heynitz Harald Von Sells 5,000 Shares of Fluence Energy (NASDAQ:FLNC) Stock

Fluence Energy, Inc. (NASDAQ:FLNC – Get Free Report) Director Heynitz Harald Von sold 5,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the transaction, the director directly owned 58,550 shares of the company’s stock, valued at approximately $1,463,750. This represents a 7.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Heynitz Harald Von also recently made the following trade(s):

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• On Wednesday, March 18th, Heynitz Harald Von sold 10,000 shares of Fluence Energy stock. The stock was sold at an average price of $16.50, for a total transaction of $165,000.00.

Fluence Energy Stock Down 2.1%

Fluence Energy stock opened at $23.42 on Thursday. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of -65.05 and a beta of 2.77. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.91. Fluence Energy, Inc. has a fifty-two week low of $5.42 and a fifty-two week high of $33.51. The firm has a fifty day moving average price of $18.84 and a two-hundred day moving average price of $19.64.

Fluence Energy (NASDAQ:FLNC – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. The business had revenue of $464.89 million during the quarter, compared to analyst estimates of $614.93 million. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.24) earnings per share. As a group, analysts forecast that Fluence Energy, Inc. will post -0.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on FLNC shares. Roth Mkm raised shares of Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, May 8th. Royal Bank Of Canada upped their price objective on shares of Fluence Energy from $12.00 to $16.00 and gave the company a “sector perform” rating in a research report on Monday, May 11th. Zacks Research raised shares of Fluence Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $22.00 price objective on shares of Fluence Energy in a research report on Thursday, May 7th. Finally, Needham & Company LLC started coverage on shares of Fluence Energy in a research report on Friday, March 20th. They set a “hold” rating for the company. Five research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $19.47.

Read Our Latest Report on Fluence Energy

Institutional Trading of Fluence Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLNC. AQR Capital Management LLC increased its stake in Fluence Energy by 1,441.8% in the first quarter. AQR Capital Management LLC now owns 900,674 shares of the company’s stock valued at $4,368,000 after acquiring an additional 842,257 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in Fluence Energy in the first quarter valued at about $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Fluence Energy by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company’s stock valued at $575,000 after acquiring an additional 3,364 shares during the period. Goldman Sachs Group Inc. increased its stake in Fluence Energy by 189.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after acquiring an additional 2,076,668 shares during the period. Finally, Strs Ohio bought a new stake in Fluence Energy in the first quarter valued at about $93,000. Institutional investors own 53.16% of the company’s stock.

About Fluence Energy

(Get Free Report)

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.

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