Fluence Energy, Inc. (NASDAQ:FLNC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have earned a consensus rating of “Moderate Buy” from the twenty-one analysts that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $26.65.

Several equities analysts have recently weighed in on FLNC shares. Piper Sandler increased their price objective on shares of Fluence Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Robert W. Baird reissued a “neutral” rating and issued a $20.00 price target (down from $24.00) on shares of Fluence Energy in a report on Wednesday, December 18th. Royal Bank of Canada reduced their price objective on Fluence Energy from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. BNP Paribas upgraded Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 target price on the stock in a research note on Friday, November 8th. Finally, Baird R W downgraded Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Fluence Energy Price Performance

FLNC opened at $14.41 on Wednesday. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 110.85, a P/E/G ratio of 0.47 and a beta of 2.42. The business’s 50-day moving average price is $17.62 and its two-hundred day moving average price is $18.60. Fluence Energy has a 1 year low of $12.74 and a 1 year high of $26.12.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.11. Fluence Energy had a net margin of 0.89% and a return on equity of 4.10%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the business posted $0.02 EPS. The company’s quarterly revenue was up 82.5% on a year-over-year basis. Sell-side analysts anticipate that Fluence Energy will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at Fluence Energy

In related news, Director Herman E. Bulls bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $15.57 per share, for a total transaction of $155,700.00. Following the completion of the acquisition, the director now owns 75,861 shares of the company’s stock, valued at $1,181,155.77. This trade represents a 15.18 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

Institutional Trading of Fluence Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its stake in Fluence Energy by 79.2% in the 4th quarter. SG Americas Securities LLC now owns 48,883 shares of the company’s stock worth $776,000 after purchasing an additional 21,597 shares during the period. Mandatum Life Insurance Co Ltd purchased a new position in shares of Fluence Energy in the fourth quarter worth $2,617,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Fluence Energy during the fourth quarter worth $79,000. Sanders Morris Harris LLC purchased a new position in Fluence Energy during the fourth quarter valued at $812,000. Finally, JPMorgan Chase & Co. increased its holdings in Fluence Energy by 73.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 536,184 shares of the company’s stock valued at $12,177,000 after acquiring an additional 227,549 shares during the last quarter. 53.16% of the stock is owned by hedge funds and other institutional investors.

Fluence Energy Company Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.