Roth Capital Downgrades Fluence Energy (NASDAQ:FLNC) to Hold

Fluence Energy (NASDAQ:FLNC) was downgraded by stock analysts at Roth Capital from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages also recently commented on FLNC. Truist Financial cut their price objective on shares of Fluence Energy from $28.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday. BNP Paribas raised Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 price objective for the company in a report on Friday, November 8th. Canaccord Genuity Group lowered their price objective on shares of Fluence Energy from $34.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday. Roth Mkm cut Fluence Energy from a “buy” rating to a “neutral” rating and lowered their target price for the company from $20.00 to $6.50 in a report on Wednesday. Finally, The Goldman Sachs Group decreased their price target on shares of Fluence Energy from $26.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.64.

Fluence Energy Stock Down 5.4 %

FLNC opened at $6.18 on Wednesday. The business has a fifty day simple moving average of $15.03 and a 200-day simple moving average of $18.07. Fluence Energy has a 52 week low of $6.05 and a 52 week high of $26.12. The firm has a market cap of $1.12 billion, a P/E ratio of 47.54, a P/E/G ratio of 0.49 and a beta of 2.37.

Fluence Energy (NASDAQ:FLNC) last announced 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%. Sell-side analysts expect that Fluence Energy will post 0.48 earnings per share for the current year.

Insider Activity

In other news, Director Herman E. Bulls bought 10,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $15.57 per share, with a total value of $155,700.00. Following the completion of the transaction, the director now directly owns 75,861 shares in the company, valued at approximately $1,181,155.77. The trade was a 15.18 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.65% of the company’s stock.

Institutional Trading of Fluence Energy

A number of institutional investors have recently bought and sold shares of FLNC. US Bancorp DE grew its position in shares of Fluence Energy by 676.6% in 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 acquired a new stake in shares of Fluence Energy during the 4th quarter worth approximately $34,000. CWM LLC grew its holdings in shares of Fluence Energy by 164.4% during the 3rd quarter. CWM LLC now owns 2,842 shares of the company’s stock worth $65,000 after purchasing an additional 1,767 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Fluence Energy in the third quarter valued at $74,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Fluence Energy in the third quarter valued at $87,000. Institutional investors and hedge funds own 53.16% of the company’s stock.

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.