Fluence Energy (NASDAQ:FLNC) Rating Lowered to Strong Sell at Zacks Research

Fluence Energy (NASDAQ:FLNC) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday, Zacks reports.

Several other analysts have also recently issued reports on FLNC. Truist Financial started coverage on shares of Fluence Energy in a report on Monday, July 13th. They issued a “hold” rating and a $16.00 price target on the stock. Barclays downgraded shares of Fluence Energy from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $16.00 to $10.00 in a research report on Thursday, September 3rd. Roth Capital set a $18.00 target price on shares of Fluence Energy in a research note on Friday, August 7th. Morgan Stanley set a $15.00 price target on shares of Fluence Energy in a research report on Friday, August 7th. Finally, Glj Research downgraded Fluence Energy from a “buy” rating to a “hold” rating and decreased their price target for the stock from $26.00 to $12.89 in a research note on Thursday, August 20th. Six investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $16.89.

Fluence Energy Price Performance

Shares of NASDAQ FLNC opened at $9.93 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.34 and a debt-to-equity ratio of 0.91. Fluence Energy has a fifty-two week low of $6.79 and a fifty-two week high of $33.51. The business has a 50 day moving average price of $12.97 and a two-hundred day moving average price of $16.17. The firm has a market cap of $1.83 billion, a PE ratio of -16.28 and a beta of 2.74.

Fluence Energy (NASDAQ:FLNC) last announced its earnings results on Wednesday, August 5th. The company reported ($0.24) earnings per share (EPS) for the quarter. The business had revenue of $649.85 million during the quarter, compared to analyst estimates of $818.57 million. Fluence Energy had a negative net margin of 3.13% and a negative return on equity of 16.79%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 earnings per share. Sell-side analysts expect that Fluence Energy will post -0.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, SVP John Zahurancik sold 16,000 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $25.18, for a total transaction of $402,880.00. Following the completion of the transaction, the senior vice president directly owned 87,145 shares of the company’s stock, valued at $2,194,311.10. The trade was a 15.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Harald von Heynitz sold 5,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.00, for a total value of $125,000.00. Following the completion of the transaction, the director directly owned 58,550 shares of the company’s stock, valued at $1,463,750. This trade represents a 7.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 36,974 shares of company stock valued at $879,787. Corporate insiders own 0.69% of the company’s stock.

Institutional Trading of Fluence Energy

Institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Fluence Energy by 31.8% in the first quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock valued at $38,000 after acquiring an additional 672 shares in the last quarter. Sei Investments Co. lifted its position in Fluence Energy by 4.5% in the first quarter. Sei Investments Co. now owns 16,222 shares of the company’s stock worth $223,000 after purchasing an additional 703 shares during the period. IFP Advisors Inc lifted its position in Fluence Energy by 184.1% in the second quarter. IFP Advisors Inc now owns 1,540 shares of the company’s stock worth $31,000 after purchasing an additional 998 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Fluence Energy by 1.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,185 shares of the company’s stock valued at $1,082,000 after purchasing an additional 1,082 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Fluence Energy by 5.8% during the 4th quarter. New York State Common Retirement Fund now owns 20,095 shares of the company’s stock valued at $397,000 after purchasing an additional 1,100 shares in the last quarter. 53.16% of the stock is owned by institutional investors and hedge funds.

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.