Fluence Energy (NASDAQ:FLNC) Stock Rating Lowered by UBS Group

Fluence Energy (NASDAQ:FLNC) was downgraded by analysts at UBS Group from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, MarketBeat reports. They presently have a $8.00 price target on the stock, down from their previous price target of $28.00. UBS Group’s price objective would suggest a potential upside of 29.45% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Royal Bank of Canada lowered shares of Fluence Energy from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $25.00 to $7.00 in a research report on Wednesday. Jefferies Financial Group lowered Fluence Energy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $22.00 to $15.00 in a research note on Wednesday, January 22nd. Guggenheim downgraded Fluence Energy from a “buy” rating to a “sell” rating and cut their target price for the company from $26.00 to $6.00 in a research report on Tuesday. Robert W. Baird restated a “neutral” rating and issued a $20.00 price target (down previously from $24.00) on shares of Fluence Energy in a research report on Wednesday, December 18th. Finally, Baird R W cut shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Fluence Energy presently has a consensus rating of “Hold” and an average target price of $14.64.

Fluence Energy Stock Performance

Shares of NASDAQ:FLNC opened at $6.18 on Wednesday. Fluence Energy has a 52-week low of $6.05 and a 52-week high of $26.12. The company has a market capitalization of $1.12 billion, a P/E ratio of 47.54, a price-to-earnings-growth ratio of 0.49 and a beta of 2.37. The company has a 50-day simple moving average of $15.03 and a 200 day simple moving average of $18.07.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Monday, February 10th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.15). Fluence Energy had a net margin of 0.89% and a return on equity of 4.10%. As a group, equities analysts forecast that Fluence Energy will post 0.48 earnings per share for the current year.

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, Director Herman E. Bulls acquired 10,000 shares of Fluence Energy stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of $15.57 per share, for a total transaction of $155,700.00. Following the purchase, the director now directly owns 75,861 shares of the company’s stock, valued at $1,181,155.77. This trade represents a 15.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.65% of the company’s stock.

Institutional Investors Weigh In On Fluence Energy

Large investors have recently added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in Fluence Energy by 676.6% during the third quarter. US Bancorp DE now owns 1,693 shares of the company’s stock valued at $38,000 after purchasing an additional 1,475 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Fluence Energy in the fourth quarter valued at approximately $34,000. CWM LLC lifted its stake in shares of Fluence Energy by 164.4% during the 3rd quarter. CWM LLC now owns 2,842 shares of the company’s stock valued at $65,000 after buying an additional 1,767 shares in the last quarter. Point72 DIFC Ltd bought a new position in Fluence Energy in the 3rd quarter worth approximately $74,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Fluence Energy in the 3rd quarter valued at approximately $87,000. Hedge funds and other institutional investors own 53.16% of the company’s stock.

About Fluence Energy

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.