Fluence Energy, Inc. (NASDAQ:FLNC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have received an average rating of “Moderate Buy” from the twenty-one analysts that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $26.65.

Several brokerages recently commented on FLNC. Susquehanna raised their target price on Fluence Energy from $23.00 to $28.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. Piper Sandler lifted their target price on shares of Fluence Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Guggenheim reissued a “buy” rating and issued a $26.00 target price on shares of Fluence Energy in a research note on Friday, December 6th. Baird R W cut shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, Canaccord Genuity Group lowered their price objective on Fluence Energy from $37.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, November 29th.

Insider Activity

In other news, Director Herman E. Bulls acquired 10,000 shares of Fluence Energy stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $15.57 per share, with a total value of $155,700.00. Following the acquisition, the director now owns 75,861 shares in the company, valued at $1,181,155.77. This represents a 15.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is owned by insiders.

Institutional Investors Weigh In On Fluence Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its position in Fluence Energy by 9.0% in the third quarter. FMR LLC now owns 1,606,100 shares of the company’s stock worth $36,475,000 after purchasing an additional 132,868 shares during the period. Erste Asset Management GmbH bought a new position in shares of Fluence Energy in the 3rd quarter valued at about $22,059,000. XTX Topco Ltd acquired a new stake in shares of Fluence Energy during the 3rd quarter worth approximately $825,000. Principal Financial Group Inc. acquired a new position in Fluence Energy in the third quarter valued at approximately $5,742,000. Finally, Barclays PLC boosted its stake in Fluence Energy by 296.8% in the third quarter. Barclays PLC now owns 181,766 shares of the company’s stock valued at $4,127,000 after acquiring an additional 135,957 shares during the last quarter. Institutional investors own 53.16% of the company’s stock.

Fluence Energy Stock Performance

NASDAQ:FLNC opened at $17.35 on Friday. The firm’s 50-day moving average is $18.70 and its 200-day moving average is $18.77. Fluence Energy has a 52-week low of $12.74 and a 52-week high of $26.12. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 133.46, a PEG ratio of 0.54 and a beta of 2.39.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings results on Monday, November 25th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.23 by $0.11. Fluence Energy had a return on equity of 4.10% and a net margin of 0.89%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the firm posted $0.02 EPS. The company’s revenue for the quarter was up 82.5% on a year-over-year basis. Equities analysts predict that Fluence Energy will post 0.56 EPS for the current year.

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.