Fluence Energy (NASDAQ:FLNC) Stock Rating Upgraded by Citigroup

Fluence Energy (NASDAQ:FLNCGet Free Report) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $24.00 target price on the stock. Citigroup’s price target points to a potential upside of 57.07% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $22.00 price target on shares of Fluence Energy in a research note on Thursday, May 7th. HSBC upgraded shares of Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 target price on the stock in a research note on Friday, May 8th. Roth Capital raised shares of Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Friday, May 8th. Wall Street Zen lowered Fluence Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings lowered Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $19.53.

View Our Latest Stock Analysis on FLNC

Fluence Energy Stock Performance

Shares of Fluence Energy stock opened at $15.28 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. The stock’s fifty day moving average is $20.34 and its two-hundred day moving average is $19.13. Fluence Energy has a 52 week low of $6.60 and a 52 week high of $33.51. The company has a market capitalization of $2.82 billion, a PE ratio of -42.44 and a beta of 2.75.

Fluence Energy (NASDAQ:FLNCGet Free Report) last issued its earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. The firm 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 business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.24) earnings per share. As a group, analysts expect that Fluence Energy will post -0.18 earnings per share for the current year.

Insider Activity at Fluence Energy

In other Fluence Energy news, major shareholder Qatar Investment Authority sold 2,867,172 shares of Fluence Energy stock in a transaction on Friday, May 15th. The shares were sold at an average price of $21.00, for a total value of $60,210,612.00. Following the transaction, the insider directly owned 11,801,103 shares of the company’s stock, valued at approximately $247,823,163. The trade was a 19.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Zahurancik sold 15,974 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $22.03, for a total value of $351,907.22. Following the transaction, the senior vice president directly owned 71,171 shares in the company, valued at approximately $1,567,897.13. The trade was a 18.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,904,146 shares of company stock valued at $61,090,399 over the last 90 days. Insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Curio Wealth LLC acquired a new position in Fluence Energy during the 4th quarter valued at about $31,000. State of Wyoming purchased a new stake in shares of Fluence Energy during the fourth quarter worth about $36,000. EverSource Wealth Advisors LLC increased its holdings in shares of Fluence Energy by 31.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock valued at $38,000 after acquiring an additional 672 shares in the last quarter. GAMMA Investing LLC boosted its stake in Fluence Energy by 22.2% in the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after purchasing an additional 437 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in Fluence Energy during the 3rd quarter valued at approximately $48,000. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading

Analyst Recommendations for Fluence Energy (NASDAQ:FLNC)

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