Fluence Energy, Inc. (NASDAQ:FLNC) Receives $14.34 Consensus Target Price from Analysts

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

A number of equities analysts have recently weighed in on the stock. UBS Group cut shares of Fluence Energy from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $28.00 to $8.00 in a research report on Wednesday, February 12th. The Goldman Sachs Group reduced their price target on shares of Fluence Energy from $26.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Jefferies Financial Group cut shares of Fluence Energy from a “buy” rating to a “hold” rating and cut their price objective for the company from $22.00 to $15.00 in a research report on Wednesday, January 22nd. Susquehanna cut their price objective on shares of Fluence Energy from $23.00 to $10.00 and set a “positive” rating on the stock in a research report on Wednesday, February 12th. Finally, Wolfe Research cut shares of Fluence Energy from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 12th.

Fluence Energy Stock Performance

Shares of Fluence Energy stock opened at $5.41 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.57 and a quick ratio of 1.14. The firm has a market cap of $982.18 million, a P/E ratio of -108.20 and a beta of 2.49. The firm has a 50 day simple moving average of $10.15 and a 200 day simple moving average of $16.32. Fluence Energy has a fifty-two week low of $4.79 and a fifty-two week high of $26.12.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Monday, February 10th. The company reported ($0.32) earnings per share (EPS) 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%. Sell-side analysts predict that Fluence Energy will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Fluence Energy

In related news, Director Herman E. Bulls bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $15.57 per share, with a total value of $155,700.00. Following the completion of the purchase, the director now directly owns 75,861 shares in the company, valued at $1,181,155.77. The trade was a 15.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Julian Nebreda acquired 23,500 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $6.35 per share, for a total transaction of $149,225.00. Following the completion of the purchase, the chief executive officer now directly owns 120,455 shares of the company’s stock, valued at approximately $764,889.25. This represents a 24.24 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 89,000 shares of company stock worth $655,365. 0.65% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FLNC. US Bancorp DE increased its holdings in Fluence Energy by 676.6% during the third quarter. US Bancorp DE now owns 1,693 shares of the company’s stock worth $38,000 after buying an additional 1,475 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in Fluence Energy during the third quarter worth about $5,742,000. Victory Capital Management Inc. purchased a new stake in Fluence Energy during the third quarter worth about $212,000. Oppenheimer & Co. Inc. purchased a new position in shares of Fluence Energy in the third quarter worth about $471,000. Finally, Credit Capital Investments LLC increased its stake in shares of Fluence Energy by 391.7% in the third quarter. Credit Capital Investments LLC now owns 59,000 shares of the company’s stock worth $1,340,000 after purchasing an additional 47,000 shares in the last quarter. 53.16% of the stock is owned by 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.