Fluence Energy (NASDAQ:FLNC) Price Target Lowered to $23.00 at Susquehanna

Fluence Energy (NASDAQ:FLNC) had its target price cut by investment analysts at Susquehanna from $27.00 to $23.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s price objective points to a potential upside of 74.84% from the company’s previous close.

Other analysts have also recently issued reports about the company. Morgan Stanley set a $16.00 price objective on Fluence Energy in a research report on Monday, January 26th. Roth Mkm reaffirmed a “neutral” rating and set a $26.00 price objective on shares of Fluence Energy in a research report on Wednesday, January 28th. Barclays lifted their price objective on Fluence Energy from $15.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th. UBS Group reaffirmed a “neutral” rating on shares of Fluence Energy in a research report on Thursday, January 15th. Finally, Zacks Research cut Fluence Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $16.05.

Fluence Energy Trading Up 0.3%

NASDAQ:FLNC traded up $0.04 during trading hours on Thursday, reaching $13.16. The company’s stock had a trading volume of 408,936 shares, compared to its average volume of 5,243,083. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of -29.87 and a beta of 2.96. The firm has a 50-day simple moving average of $17.49 and a 200-day simple moving average of $18.82. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.08 and a current ratio of 1.48. Fluence Energy has a 1 year low of $3.46 and a 1 year high of $33.51.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Wednesday, February 4th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate 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 return on equity of 10.10% and a negative net margin of 2.04%.The firm’s quarterly revenue was up 154.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.32) EPS. Research analysts expect that Fluence Energy will post 0.08 EPS for the current fiscal year.

Insider Transactions at Fluence Energy

In related news, Director Heynitz Harald Von sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total value of $165,000.00. Following the transaction, the director directly owned 63,550 shares of the company’s stock, valued at approximately $1,048,575. This represents a 13.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Fluence Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLNC. GAMMA Investing LLC raised its stake in Fluence Energy by 22.2% during the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after buying an additional 437 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Fluence Energy by 17.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the company’s stock valued at $79,000 after buying an additional 586 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in Fluence Energy by 10.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 9,638 shares of the company’s stock valued at $191,000 after buying an additional 935 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Fluence Energy by 8.6% during the 3rd 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Fluence Energy by 1.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,185 shares of the company’s stock valued at $1,082,000 after purchasing an additional 1,082 shares during the period. 53.16% of the stock is owned by institutional investors.

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.