Brokerages Set Fluence Energy, Inc. (NASDAQ:FLNC) PT at $19.47

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have earned an average recommendation of “Hold” from the twenty-one brokerages that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $19.4706.

Several equities research analysts recently commented on the stock. Needham & Company LLC assumed coverage on shares of Fluence Energy in a research report on Friday, March 20th. They issued a “hold” rating for the company. JPMorgan Chase & Co. upped their price objective on shares of Fluence Energy from $13.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. HSBC upgraded shares of Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 price objective on the stock in a research note on Friday, May 8th. Susquehanna upped their price objective on shares of Fluence Energy from $23.00 to $25.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Finally, Roth Mkm upgraded shares of Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Friday, May 8th.

Insider Activity at Fluence Energy

In other Fluence Energy news, major shareholder Qatar Investment Authority sold 2,867,172 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $21.00, for a total value of $60,210,612.00. Following the transaction, the insider owned 11,801,103 shares in the company, valued at approximately $247,823,163. This represents a 19.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Heynitz Harald Von sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $16.50, for a total transaction of $165,000.00. Following the completion of the transaction, the director owned 63,550 shares in the company, valued at approximately $1,048,575. This represents a 13.60% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.69% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Dragoneer Investment Group LLC acquired a new position in Fluence Energy in the 3rd quarter valued at approximately $65,883,000. Goldman Sachs Group Inc. increased its stake in shares of Fluence Energy by 189.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after purchasing an additional 2,076,668 shares during the last quarter. Bank of America Corp DE increased its stake in shares of 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 worth $42,460,000 after purchasing an additional 604,983 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Fluence Energy by 5,489.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock worth $60,247,000 after purchasing an additional 2,991,292 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of Fluence Energy by 65.2% during the 4th quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock worth $51,940,000 after purchasing an additional 1,036,423 shares during the last quarter. Institutional investors and hedge funds own 53.16% of the company’s stock.

Fluence Energy Stock Down 7.8%

Shares of NASDAQ:FLNC opened at $21.62 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.91 and a current ratio of 1.43. The company has a market cap of $3.98 billion, a PE ratio of -60.05 and a beta of 2.77. Fluence Energy has a 52 week low of $4.68 and a 52 week high of $33.51. The firm has a 50 day simple moving average of $17.78 and a 200 day simple moving average of $19.40.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.02. The business had revenue of $464.89 million during the quarter, compared to the consensus estimate of $614.93 million. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.24) EPS. As a group, research analysts expect that Fluence Energy will post -0.22 earnings per share for the current year.

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.