Fluence Energy (NASDAQ:FLNC) Shares Gap Up – Time to Buy?

Fluence Energy, Inc. (NASDAQ:FLNC)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $13.65, but opened at $14.70. Fluence Energy shares last traded at $14.2220, with a volume of 765,664 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group cut their price objective on Fluence Energy from $28.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday. Weiss Ratings reiterated a “sell (d)” rating on shares of Fluence Energy in a research report on Monday, December 29th. Bank of America set a $32.00 price objective on Fluence Energy in a research report on Tuesday, February 3rd. Morgan Stanley set a $16.00 price objective on Fluence Energy in a research report on Monday, January 26th. Finally, Jefferies Financial Group set a $24.00 price objective on Fluence Energy in a research report on Monday, February 9th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.67.

Fluence Energy Price Performance

The stock’s fifty day moving average price is $15.82 and its 200-day moving average price is $18.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.08. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of -34.57 and a beta of 2.96.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings results on Wednesday, February 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.16). Fluence Energy had a negative net margin of 2.04% and a negative return on equity of 10.10%. The firm had revenue of $475.23 million for the quarter, compared to analyst estimates of $444.23 million. During the same quarter in the prior year, the firm earned ($0.32) EPS. The firm’s revenue was up 154.4% compared to the same quarter last year. Equities research analysts predict that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Insider Activity

In other news, Director Heynitz Harald Von sold 10,000 shares of the business’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 sale, the director owned 63,550 shares in the company, valued at $1,048,575. The trade was a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Curio Wealth LLC purchased a new position in Fluence Energy during the fourth quarter valued at approximately $31,000. State of Wyoming purchased a new position in Fluence Energy during the fourth quarter valued at approximately $36,000. GAMMA Investing LLC grew its position in Fluence Energy by 22.2% during the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after purchasing an additional 437 shares in the last quarter. Advisory Services Network LLC purchased a new position in Fluence Energy during the third quarter valued at approximately $48,000. Finally, Sankala Group LLC purchased a new position in Fluence Energy during the fourth quarter valued at approximately $51,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

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.