Fluence Energy (NASDAQ:FLNC) Trading 10.2% Higher – Should You Buy?

Fluence Energy, Inc. (NASDAQ:FLNC) traded up 10.2% during mid-day trading on Thursday . The stock traded as high as $26.94 and last traded at $27.3910. 8,925,601 shares traded hands during mid-day trading, an increase of 17% from the average session volume of 7,652,707 shares. The stock had previously closed at $24.85.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada raised their target price on Fluence Energy from $12.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Monday, May 11th. BMO Capital Markets reissued a “market perform” rating and issued a $15.00 price objective on shares of Fluence Energy in a report on Wednesday, April 29th. Barclays reduced their price objective on Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating for the company in a research note on Monday, April 13th. Canaccord Genuity Group set a $28.00 target price on Fluence Energy in a report on Friday, May 8th. Finally, UBS Group upped their target price on Fluence Energy from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Fluence Energy has a consensus rating of “Hold” and a consensus target price of $19.47.

Fluence Energy Trading Up 9.6%

The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 0.85. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of -76.16 and a beta of 2.77. The company has a fifty day moving average price of $16.89 and a 200-day moving average price of $19.16.

Fluence Energy (NASDAQ:FLNC) last posted its earnings results on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.62%.The firm had revenue of $464.89 million for the quarter, compared to analyst estimates of $614.93 million. During the same period last year, the company earned ($0.24) earnings per share. Fluence Energy’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, research analysts expect that Fluence Energy, Inc. will post -0.22 EPS for the current year.

Insider Activity at Fluence Energy

In related news, major shareholder Qatar Investment Authority sold 2,867,172 shares of the firm’s stock in a transaction on 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 sale, the insider owned 11,801,103 shares in the company, valued at approximately $247,823,163. This trade represents a 19.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the director directly owned 63,550 shares of the company’s stock, valued at $1,048,575. The trade was a 13.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.69% of the stock is owned by insiders.

Institutional Investors Weigh In On Fluence Energy

Institutional investors have recently modified their holdings of the business. Dragoneer Investment Group LLC purchased a new position in Fluence Energy during the third quarter worth approximately $65,883,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Fluence Energy by 5,489.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock valued at $60,247,000 after acquiring an additional 2,991,292 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Fluence Energy by 189.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after acquiring an additional 2,076,668 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Fluence Energy in the first quarter worth approximately $19,579,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Fluence Energy during the third quarter worth approximately $14,207,000. 53.16% of the stock is currently owned by institutional investors and hedge funds.

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.