Analysts Set Fluence Energy, Inc. (NASDAQ:FLNC) Price Target at $19.53

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have been assigned a consensus recommendation of “Hold” from the twenty-three brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $19.5263.

FLNC has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price target on shares of Fluence Energy from $12.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Monday, May 11th. Weiss Ratings lowered Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 8th. 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 note on Monday, May 11th. Glj Research started coverage on Fluence Energy in a report on Wednesday, July 1st. They set a “buy” rating and a $26.00 price objective for the company. Finally, Truist Financial started coverage on shares of Fluence Energy in a research note on Monday, July 13th. They set a “hold” rating and a $16.00 price objective for the company.

Fluence Energy Trading Up 13.3%

FLNC opened at $13.47 on Friday. The business’s 50-day simple moving average is $19.41 and its 200-day simple moving average is $18.72. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.91 and a current ratio of 1.43. Fluence Energy has a one year low of $6.60 and a one year high of $33.51. The company has a market cap of $2.48 billion, a P/E ratio of -37.42 and a beta of 2.75.

Fluence Energy (NASDAQ:FLNC) last announced its earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $614.93 million. During the same period in the prior year, the firm earned ($0.24) EPS. The business’s revenue was up 7.7% on a year-over-year basis. As a group, equities research analysts expect that Fluence Energy will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, major shareholder Qatar Investment Authority sold 2,867,172 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $21.00, for a total value of $60,210,612.00. Following the transaction, the insider owned 11,801,103 shares of the company’s stock, valued at $247,823,163. This trade represents a 19.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP John Zahurancik sold 15,974 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $22.03, for a total value of $351,907.22. Following the transaction, the senior vice president owned 71,171 shares of the company’s stock, valued at $1,567,897.13. This represents a 18.33% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,904,146 shares of company stock worth $61,090,399 in the last 90 days. 0.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Curio Wealth LLC bought a new position in shares of Fluence Energy in the fourth quarter valued at $31,000. State of Wyoming acquired a new stake in Fluence Energy during the 4th quarter worth about $36,000. GAMMA Investing LLC grew its stake in Fluence Energy by 22.2% during the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after acquiring an additional 437 shares in the last quarter. Sankala Group LLC purchased a new position in Fluence Energy during the 4th quarter valued at about $51,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Fluence Energy by 31.8% in 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 during the period. 53.16% of the stock is currently owned by 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.