Fluence Energy, Inc. (NASDAQ:FLNC) Receives $18.58 Average PT from Brokerages

Fluence Energy, Inc. (NASDAQ:FLNCGet Free Report) has been given an average recommendation of “Hold” by the twenty-three analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $18.0468.

FLNC has been the topic of a number of recent research reports. Truist Financial began coverage on Fluence Energy in a report on Monday, July 13th. They issued a “hold” rating and a $16.00 target price on the stock. Glj Research downgraded shares of Fluence Energy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $26.00 to $12.89 in a report on Thursday, August 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Fluence Energy in a report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of Fluence Energy from $13.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, UBS Group raised shares of Fluence Energy from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $9.00 to $12.00 in a research report on Tuesday.

Check Out Our Latest Analysis on Fluence Energy

Insider Transactions at Fluence Energy

In other news, SVP John Zahurancik sold 16,000 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $25.18, for a total value of $402,880.00. Following the completion of the sale, the senior vice president directly owned 87,145 shares of the company’s stock, valued at $2,194,311.10. This represents a 15.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Heynitz Harald Von sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $25.00, for a total value of $125,000.00. Following the completion of the transaction, the director owned 58,550 shares in the company, valued at $1,463,750. This represents a 7.87% decrease in their position. 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 have sold a total of 36,974 shares of company stock valued at $879,787 in the last quarter. Company insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Fluence Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Fluence Energy during the 2nd quarter valued at $358,000. California State Teachers Retirement System lifted its position in shares of Fluence Energy by 2,999.1% during the second quarter. California State Teachers Retirement System now owns 1,931,223 shares of the company’s stock valued at $38,393,000 after purchasing an additional 1,868,908 shares in the last quarter. AlphaGrep UK Ltd purchased a new position in Fluence Energy during the second quarter worth about $232,000. FirstWave Capital Management LLC purchased a new position in Fluence Energy during the second quarter worth about $1,757,000. Finally, Wedbush Securities Inc. bought a new position in shares of Fluence Energy in the second quarter valued at approximately $217,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

Fluence Energy Stock Down 1.4%

FLNC stock opened at $11.08 on Thursday. The stock’s 50 day simple moving average is $15.37 and its 200 day simple moving average is $16.80. The company has a market cap of $2.05 billion, a P/E ratio of -18.16 and a beta of 2.78. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.89 and a current ratio of 1.34. Fluence Energy has a fifty-two week low of $6.60 and a fifty-two week high of $33.51.

Fluence Energy (NASDAQ:FLNCGet Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.24) EPS for the quarter. The firm had revenue of $649.85 million during the quarter, compared to analyst estimates of $818.57 million. Fluence Energy had a negative net margin of 3.13% and a negative return on equity of 16.79%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the business posted $0.01 EPS. On average, research analysts expect that Fluence Energy will post -0.51 earnings per share for the current fiscal year.

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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Analyst Recommendations for Fluence Energy (NASDAQ:FLNC)

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