Fluence Energy, Inc. (NASDAQ:FLNC) Receives $16.67 Consensus Target Price from Analysts

Fluence Energy, Inc. (NASDAQ:FLNC) has been given an average rating of “Reduce” by the twenty analysts that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have assigned 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 $16.2941.

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Fluence Energy in a research note on Monday, December 29th. Susquehanna reduced their target price on shares of Fluence Energy from $27.00 to $23.00 and set a “positive” rating on the stock in a report on Thursday, April 9th. Royal Bank Of Canada restated a “sector perform” rating and set a $12.00 target price on shares of Fluence Energy in a report on Tuesday, January 20th. UBS Group restated a “sell” rating and set a $8.00 target price (down from $22.00) on shares of Fluence Energy in a report on Friday. Finally, Needham & Company LLC initiated coverage on shares of Fluence Energy in a report on Friday, March 20th. They set a “hold” rating on the stock.

Fluence Energy Stock Up 1.1%

Shares of NASDAQ FLNC opened at $12.77 on Friday. Fluence Energy has a 52-week low of $3.56 and a 52-week high of $33.51. The firm has a fifty day moving average of $15.36 and a 200-day moving average of $19.00. The stock has a market capitalization of $2.35 billion, a PE ratio of -29.02 and a beta of 2.96. The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 0.80.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Wednesday, February 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $475.23 million for the quarter, compared to analysts’ expectations of $444.23 million. During the same period in the prior year, the firm earned ($0.32) earnings per share. The firm’s quarterly revenue was up 154.4% on a year-over-year basis. On average, analysts anticipate that Fluence Energy will post -0.22 EPS for the current year.

Insider Buying and Selling at Fluence Energy

In related news, Director Heynitz Harald Von sold 10,000 shares of Fluence Energy stock in a transaction 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 transaction, the director owned 63,550 shares in the company, valued at approximately $1,048,575. The trade was a 13.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Fluence Energy

Several hedge funds and other institutional investors have recently made changes to their positions in FLNC. Curio Wealth LLC purchased a new position in Fluence Energy in the 4th quarter valued at about $31,000. State of Wyoming purchased a new position in Fluence Energy in the 4th quarter valued at about $36,000. GAMMA Investing LLC boosted its position in Fluence Energy by 22.2% in the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after buying an additional 437 shares during the last quarter. Advisory Services Network LLC purchased a new position in Fluence Energy in the 3rd quarter valued at about $48,000. Finally, Sankala Group LLC purchased a new position in Fluence Energy in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 53.16% of the company’s stock.

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.