Fluence Energy (NASDAQ:FLNC) Coverage Initiated at Mizuho

Equities research analysts at Mizuho began coverage on shares of Fluence Energy (NASDAQ:FLNC) in a research report issued on Wednesday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $8.00 price target on the stock. Mizuho’s price objective would suggest a potential upside of 51.52% from the stock’s current price.

A number of other equities analysts have also recently issued reports on FLNC. The Goldman Sachs Group lowered 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, February 12th. Robert W. Baird reissued a “neutral” rating and issued a $20.00 price target (down previously from $24.00) on shares of Fluence Energy in a research note on Wednesday, December 18th. Royal Bank of Canada cut Fluence Energy from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $25.00 to $7.00 in a research note on Wednesday, February 12th. Morgan Stanley decreased their price target on Fluence Energy from $20.00 to $8.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Finally, Barclays decreased their price target on Fluence Energy from $22.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $14.34.

Fluence Energy Price Performance

Fluence Energy stock opened at $5.28 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.57. Fluence Energy has a 52 week low of $4.78 and a 52 week high of $26.12. The stock has a market capitalization of $958.58 million, a P/E ratio of -105.60 and a beta of 2.37. The stock has a fifty day moving average of $11.94 and a 200-day moving average of $17.06.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings results on Monday, February 10th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.15). Fluence Energy had a negative return on equity of 0.36% and a negative net margin of 0.08%. On average, sell-side analysts expect that Fluence Energy will post 0.08 earnings per share for the current fiscal year.

Insider Activity at Fluence Energy

In related news, Director Herman E. Bulls bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $5.41 per share, with a total value of $54,100.00. Following the completion of the transaction, the director now directly owns 115,861 shares in the company, valued at approximately $626,808.01. This represents a 9.45 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ahmed Pasha purchased 15,500 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were acquired at an average price of $6.48 per share, for a total transaction of $100,440.00. Following the completion of the acquisition, the chief financial officer now directly owns 24,703 shares of the company’s stock, valued at $160,075.44. This trade represents a 168.42 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 89,000 shares of company stock valued at $655,365 over the last 90 days. Insiders own 0.65% of the company’s stock.

Institutional Trading of Fluence Energy

Hedge funds have recently bought and sold shares of the business. Altshuler Shaham Ltd bought a new stake in Fluence Energy during the fourth quarter worth $34,000. US Bancorp DE raised its stake 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 buying an additional 1,475 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Fluence Energy in the third quarter valued at $74,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Fluence Energy in the fourth quarter valued at $79,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Fluence Energy in the third quarter valued at $87,000. 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.