Fluence Energy, Inc. (NASDAQ:FLNC) Given Consensus Rating of “Hold” by Analysts

Fluence Energy, Inc. (NASDAQ:FLNC) has earned a consensus rating of “Hold” from the twenty-four analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $14.64.

FLNC has been the subject of several research reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $20.00 target price (down previously from $24.00) on shares of Fluence Energy in a research note on Wednesday, December 18th. The Goldman Sachs Group decreased their target price on Fluence Energy from $26.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday. Royal Bank of Canada downgraded Fluence Energy from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $25.00 to $7.00 in a report on Wednesday. Wolfe Research downgraded Fluence Energy from an “outperform” rating to a “peer perform” rating in a report on Wednesday. Finally, Jefferies Financial Group cut Fluence Energy from a “buy” rating to a “hold” rating and cut their target price for the stock from $22.00 to $15.00 in a research note on Wednesday, January 22nd.

Insider Transactions at Fluence Energy

In related news, Director Herman E. Bulls acquired 30,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $6.53 per share, with a total value of $195,900.00. Following the completion of the purchase, the director now directly owns 105,861 shares of the company’s stock, valued at $691,272.33. This represents a 39.55 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FLNC. Sanders Morris Harris LLC bought a new stake in Fluence Energy during the 4th quarter valued at approximately $812,000. Cidel Asset Management Inc. purchased a new position in shares of Fluence Energy in the 4th quarter worth approximately $350,000. SG Americas Securities LLC boosted its holdings in shares of 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. FMR LLC boosted its holdings in shares of Fluence Energy by 9.0% in the 3rd quarter. FMR LLC now owns 1,606,100 shares of the company’s stock worth $36,475,000 after purchasing an additional 132,868 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in Fluence Energy during the 3rd quarter valued at $5,742,000. Institutional investors own 53.16% of the company’s stock.

Fluence Energy Stock Up 4.0 %

Shares of FLNC opened at $6.43 on Friday. Fluence Energy has a twelve month low of $6.05 and a twelve month high of $26.12. The stock has a market cap of $1.16 billion, a PE ratio of 49.46, a P/E/G ratio of 0.49 and a beta of 2.37. The business’s 50-day moving average price is $14.60 and its 200-day moving average price is $17.93.

Fluence Energy (NASDAQ:FLNC) last issued its earnings results 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 return on equity of 4.10% and a net margin of 0.89%. Analysts expect that Fluence Energy will post 0.48 earnings per share for the current fiscal year.

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.