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

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have been assigned a consensus recommendation of “Hold” from the twenty-five ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $14.34.

A number of research analysts recently commented on FLNC shares. Mizuho initiated coverage on Fluence Energy in a research note on Wednesday, March 5th. They set an “outperform” rating and a $8.00 price objective for the company. Canaccord Genuity Group dropped their price objective on shares of Fluence Energy from $34.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Roth Capital lowered shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Morgan Stanley dropped their price target on shares of Fluence Energy from $20.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Finally, Citigroup cut their price target on Fluence Energy from $24.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th.

Fluence Energy Stock Performance

Fluence Energy stock opened at $5.28 on Thursday. The company has a market cap of $958.58 million, a PE ratio of -105.60 and a beta of 2.50. Fluence Energy has a 12 month low of $4.79 and a 12 month high of $26.12. The company has a fifty day moving average price of $10.87 and a two-hundred day moving average price of $16.61. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.57 and a quick ratio of 1.14.

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

Insider Transactions at Fluence Energy

In other Fluence Energy news, Director Herman E. Bulls bought 10,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price 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. This represents a 15.18 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ahmed Pasha purchased 15,500 shares of the stock in a transaction dated 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 acquisition, the chief financial officer now directly owns 24,703 shares of the company’s stock, valued at $160,075.44. This represents a 168.42 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 89,000 shares of company stock valued at $655,365 over the last ninety days. Corporate insiders own 0.65% of the company’s stock.

Institutional Trading of Fluence Energy

A number of hedge funds have recently made changes to their positions in FLNC. Altshuler Shaham Ltd purchased a new stake in shares of Fluence Energy during the 4th quarter worth about $34,000. US Bancorp DE increased its stake in shares of Fluence Energy by 676.6% during the 3rd quarter. US Bancorp DE now owns 1,693 shares of the company’s stock worth $38,000 after purchasing an additional 1,475 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of Fluence Energy during the 3rd quarter valued at $74,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Fluence Energy in the 4th quarter valued at $79,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Fluence Energy in the third quarter worth $87,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

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.