Fluence Energy (NASDAQ:FLNC) Shares Gap Up – Still a Buy?

Fluence Energy, Inc. (NASDAQ:FLNCGet Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $18.88, but opened at $23.42. Fluence Energy shares last traded at $24.1690, with a volume of 11,448,594 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wall Street Zen lowered Fluence Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Barclays dropped their target price on Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. Weiss Ratings lowered Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 8th. The Goldman Sachs Group reissued a “buy” rating and issued a $22.00 target price on shares of Fluence Energy in a report on Thursday, May 7th. Finally, Susquehanna increased their target price on Fluence Energy from $23.00 to $25.00 and gave the company a “positive” rating in a report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.47.

Check Out Our Latest Analysis on Fluence Energy

Fluence Energy Stock Up 2.8%

The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.91. The company has a market cap of $5.14 billion, a price-to-earnings ratio of -77.53 and a beta of 2.77. The firm’s 50 day simple moving average is $16.45 and its 200-day simple moving average is $19.04.

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

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, major shareholder Qatar Investment Authority sold 2,867,172 shares of the company’s 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 completion of the transaction, the insider owned 11,801,103 shares in the company, valued at $247,823,163. This represents a 19.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Heynitz Harald Von sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $16.50, for a total transaction of $165,000.00. Following the completion of the transaction, the director owned 63,550 shares of the company’s stock, valued at $1,048,575. This represents a 13.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Fluence Energy

Hedge funds have recently made changes to their positions in the business. Curio Wealth LLC acquired a new stake in shares of Fluence Energy during the fourth quarter worth about $31,000. State of Wyoming acquired a new stake in shares of Fluence Energy during the fourth quarter worth about $36,000. EverSource Wealth Advisors LLC boosted its stake 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 worth $38,000 after buying an additional 672 shares during the period. GAMMA Investing LLC boosted its stake in shares of Fluence Energy by 22.2% during the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after buying an additional 437 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Fluence Energy during the third quarter worth about $48,000. Institutional investors and hedge funds 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.

Further Reading

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