Fluence Energy (NASDAQ:FLNC) Shares Down 5.5% – Here’s Why

Fluence Energy, Inc. (NASDAQ:FLNC)’s stock price fell 5.5% on Thursday . The stock traded as low as $20.03 and last traded at $20.05. 1,440,435 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 6,943,019 shares. The stock had previously closed at $21.22.

Analyst Ratings Changes

FLNC has been the topic of a number of recent analyst reports. Weiss Ratings cut shares of Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 8th. Wall Street Zen cut shares of Fluence Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. UBS Group upped their price target on shares of Fluence Energy from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. upped their price target on shares of Fluence Energy from $13.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Bank of America set a $32.00 price target on shares of Fluence Energy in a research note on Tuesday, February 3rd. Five equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.47.

Fluence Energy Price Performance

The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of -58.57 and a beta of 2.62. The company’s 50 day simple moving average is $16.07 and its 200-day simple moving average is $19.01. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 0.85.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.02. The company had revenue of $464.89 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the company earned ($0.24) EPS. On average, equities research analysts predict that Fluence Energy, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Qatar Investment Authority sold 2,867,172 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $21.00, for a total transaction of $60,210,612.00. Following the transaction, the insider directly owned 11,801,103 shares in the company, valued at $247,823,163. This represents a 19.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Heynitz Harald Von sold 10,000 shares of the stock in a transaction dated Wednesday, March 18th. The stock was 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.69% of the company’s stock.

Institutional Trading of Fluence Energy

A number of institutional investors have recently added to or reduced their stakes in FLNC. Bank of America Corp DE increased its holdings in Fluence Energy by 24.4% in the 1st quarter. Bank of America Corp DE now owns 3,085,730 shares of the company’s stock valued at $42,460,000 after purchasing an additional 604,983 shares in the last quarter. Edgestream Partners L.P. boosted its stake in shares of Fluence Energy by 1,086.3% in the first quarter. Edgestream Partners L.P. now owns 385,804 shares of the company’s stock valued at $5,309,000 after purchasing an additional 353,282 shares during the period. Altshuler Shaham Ltd grew its holdings in Fluence Energy by 84.6% during the 1st quarter. Altshuler Shaham Ltd now owns 84,150 shares of the company’s stock valued at $1,158,000 after purchasing an additional 38,556 shares in the last quarter. Amundi grew its holdings in Fluence Energy by 8.9% during the 1st quarter. Amundi now owns 95,673 shares of the company’s stock valued at $1,316,000 after purchasing an additional 7,848 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Fluence Energy by 31.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock valued at $38,000 after purchasing an additional 672 shares in the last quarter. 53.16% of the stock is owned by hedge funds and other institutional investors.

About Fluence Energy

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.