Heynitz Harald Von Sells 5,000 Shares of Fluence Energy (NASDAQ:FLNC) Stock

Fluence Energy, Inc. (NASDAQ:FLNC) Director Heynitz Harald Von sold 5,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $25.00, for a total value of $125,000.00. Following the sale, the director owned 58,550 shares in the company, valued at approximately $1,463,750. The trade was a 7.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Heynitz Harald Von also recently made the following trade(s):

• On Wednesday, March 18th, Heynitz Harald Von sold 10,000 shares of Fluence Energy stock. The stock was sold at an average price of $16.50, for a total value of $165,000.00.

Fluence Energy Trading Down 1.1%

NASDAQ FLNC traded down $0.26 on Tuesday, hitting $23.92. 10,720,115 shares of the company were exchanged, compared to its average volume of 8,053,864. The company’s 50 day moving average price is $18.42 and its 200-day moving average price is $19.57. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.91. The firm has a market capitalization of $4.41 billion, a P/E ratio of -66.44 and a beta of 2.76. Fluence Energy, Inc. has a twelve month low of $5.32 and a twelve month high of $33.51.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.02. The firm had revenue of $464.89 million for the quarter, compared to the consensus estimate of $614.93 million. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.62%.The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.24) EPS. Analysts predict that Fluence Energy, Inc. will post -0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FLNC has been the topic of several recent analyst reports. Roth Mkm upgraded Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Friday, May 8th. Citigroup boosted their price objective on Fluence Energy from $15.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. BMO Capital Markets reaffirmed a “market perform” rating and set a $15.00 target price on shares of Fluence Energy in a research note on Wednesday, April 29th. UBS Group lifted their target price on Fluence Energy from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Monday, May 11th. Finally, Canaccord Genuity Group set a $28.00 target price on Fluence Energy in a research note on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.47.

Hedge Funds Weigh In On Fluence Energy

Several institutional investors and hedge funds have recently bought and sold shares of FLNC. Dragoneer Investment Group LLC bought a new stake in shares of Fluence Energy in the 3rd quarter valued at approximately $65,883,000. Goldman Sachs Group Inc. grew its stake in shares of Fluence Energy by 189.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after buying an additional 2,076,668 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Fluence Energy by 24.4% in the 1st quarter. Bank of America Corp DE now owns 3,085,730 shares of the company’s stock valued at $42,460,000 after buying an additional 604,983 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Fluence Energy by 5,489.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock valued at $60,247,000 after buying an additional 2,991,292 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of Fluence Energy by 65.2% in the 4th quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock valued at $51,940,000 after buying an additional 1,036,423 shares in the last quarter. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Fluence Energy Company Profile

Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.

The company’s core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.