Fluence Energy (NASDAQ:FLNC) Stock Rating Upgraded by Zacks Research

Fluence Energy (NASDAQ:FLNC) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. upped their price target on shares of Fluence Energy from $13.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Wall Street Zen downgraded Fluence Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $22.00 target price on shares of Fluence Energy in a report on Thursday, May 7th. Weiss Ratings downgraded Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 8th. Finally, Citigroup upped their price target on Fluence Energy from $15.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $19.63.

Fluence Energy Stock Performance

Fluence Energy stock opened at $15.37 on Tuesday. The firm has a market capitalization of $2.83 billion, a P/E ratio of -42.69 and a beta of 2.75. The stock has a fifty day moving average price of $20.97 and a 200 day moving average price of $19.28. Fluence Energy has a 52 week low of $6.60 and a 52 week high of $33.51. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 0.85.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.62%.The firm had revenue of $464.89 million for the quarter, compared to analyst estimates of $614.93 million. During the same period last year, the company earned ($0.24) EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Equities research analysts anticipate that Fluence Energy will post -0.21 earnings per share for the current year.

Insider Activity at Fluence Energy

In related news, Director Heynitz Harald Von sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the transaction, the director directly owned 58,550 shares of the company’s stock, valued at approximately $1,463,750. The trade was a 7.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP John Zahurancik sold 15,974 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $22.03, for a total transaction of $351,907.22. Following the completion of the sale, the senior vice president directly owned 71,171 shares of the company’s stock, valued at $1,567,897.13. This trade represents a 18.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 2,904,146 shares of company stock worth $61,090,399. 0.69% of the stock is currently owned by company insiders.

Institutional Trading of Fluence Energy

Large investors have recently modified their holdings of the business. Steadtrust LLC purchased a new stake in shares of Fluence Energy during the second quarter worth about $235,000. Assenagon Asset Management S.A. purchased a new position in Fluence Energy in the second quarter valued at about $510,000. Bank of America Corp DE grew its stake in Fluence Energy by 24.4% during 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 purchasing an additional 604,983 shares in the last quarter. Edgestream Partners L.P. grew its stake in Fluence Energy by 1,086.3% during the 1st quarter. Edgestream Partners L.P. now owns 385,804 shares of the company’s stock valued at $5,309,000 after purchasing an additional 353,282 shares in the last quarter. Finally, Altshuler Shaham Ltd increased its holdings in Fluence Energy by 84.6% during the 1st quarter. Altshuler Shaham Ltd now owns 84,150 shares of the company’s stock worth $1,158,000 after purchasing an additional 38,556 shares during the last quarter. 53.16% of the stock is currently owned by institutional investors and hedge funds.

About Fluence Energy

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.