Roth Mkm Downgrades Fluence Energy (NASDAQ:FLNC) to Neutral

Fluence Energy (NASDAQ:FLNC) was downgraded by stock analysts at Roth Mkm from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a $6.50 target price on the stock, down from their prior target price of $20.00. Roth Mkm’s price target suggests a potential upside of 5.18% from the company’s current price.

FLNC has been the topic of a number of other research reports. BNP Paribas raised shares of Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 price objective on the stock in a report on Friday, November 8th. Citigroup reduced their price objective on Fluence Energy from $24.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday. Wolfe Research downgraded shares of Fluence Energy from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. Baird R W cut shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, Guggenheim downgraded shares of Fluence Energy from a “buy” rating to a “sell” rating and lowered their target price for the company from $26.00 to $6.00 in a report on Tuesday. One investment 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, Fluence Energy has an average rating of “Hold” and a consensus target price of $14.64.

Fluence Energy Price Performance

FLNC opened at $6.18 on Wednesday. The business has a fifty day moving average price of $15.03 and a 200 day moving average price of $18.07. Fluence Energy has a 12 month low of $6.05 and a 12 month high of $26.12. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 47.54, a PEG ratio of 0.49 and a beta of 2.37.

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%. On average, research analysts anticipate that Fluence Energy will post 0.48 earnings per share for the current year.

Insider Transactions at Fluence Energy

In related news, Director Herman E. Bulls bought 10,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $15.57 per share, for a total transaction of $155,700.00. Following the transaction, the director now directly owns 75,861 shares in the company, valued at $1,181,155.77. This represents a 15.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fluence Energy

A number of large investors have recently bought and sold shares of the business. Duff & Phelps Investment Management Co. boosted its stake in Fluence Energy by 5.6% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 27,192 shares of the company’s stock valued at $432,000 after purchasing an additional 1,432 shares during the period. US Bancorp DE boosted its holdings in Fluence Energy by 676.6% in the 3rd 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 period. Lazard Freres Gestion S.A.S. grew its position in Fluence Energy by 7.3% in the 4th quarter. Lazard Freres Gestion S.A.S. now owns 22,180 shares of the company’s stock worth $352,000 after purchasing an additional 1,500 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Fluence Energy by 45.3% during the 3rd quarter. Blue Trust Inc. now owns 4,821 shares of the company’s stock worth $109,000 after purchasing an additional 1,502 shares during the period. Finally, KBC Group NV increased its holdings in shares of Fluence Energy by 1.6% during the 4th quarter. KBC Group NV now owns 108,296 shares of the company’s stock worth $1,720,000 after purchasing an additional 1,671 shares during the period. 53.16% of the stock is currently owned by institutional investors.

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.