Fluence Energy (NASDAQ:FLNC) Downgraded to “Neutral” Rating by Roth Mkm

Roth Mkm downgraded shares of Fluence Energy (NASDAQ:FLNC) from a buy rating to a neutral rating in a research report sent to investors on Wednesday morning, MarketBeat.com reports. They currently have $6.50 target price on the stock, down from their prior target price of $20.00.

A number of other brokerages have also weighed in on FLNC. Barclays reduced their target price on shares of Fluence Energy from $28.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. BNP Paribas raised Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 price objective for the company in a research report on Friday, November 8th. Canaccord Genuity Group dropped their target price on Fluence Energy from $37.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. Guggenheim cut Fluence Energy from a “buy” rating to a “sell” rating and cut their target price for the company from $26.00 to $6.00 in a research note on Tuesday. Finally, Truist Financial raised their price target on shares of Fluence Energy from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.21.

Fluence Energy Price Performance

NASDAQ FLNC opened at $6.53 on Wednesday. Fluence Energy has a one year low of $6.35 and a one year high of $26.12. The firm has a market cap of $1.18 billion, a P/E ratio of 50.23, a P/E/G ratio of 0.49 and a beta of 2.37. The stock’s 50-day moving average is $15.03 and its 200-day moving average is $18.07.

Fluence Energy (NASDAQ:FLNC) last announced its earnings results on Monday, February 10th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.15). Fluence Energy had a return on equity of 4.10% and a net margin of 0.89%. Equities analysts anticipate that Fluence Energy will post 0.48 EPS for the current year.

Insiders Place Their Bets

In related news, Director Herman E. Bulls bought 10,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $15.57 per share, for a total transaction of $155,700.00. Following the purchase, the director now owns 75,861 shares in the company, valued at $1,181,155.77. This represents a 15.18 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FLNC. US Bancorp DE boosted its holdings in shares of Fluence Energy by 676.6% during the third quarter. US Bancorp DE now owns 1,693 shares of the company’s stock worth $38,000 after acquiring an additional 1,475 shares during the period. CWM LLC lifted its holdings in Fluence Energy by 164.4% during the 3rd quarter. CWM LLC now owns 2,842 shares of the company’s stock worth $65,000 after purchasing an additional 1,767 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Fluence Energy in the 3rd quarter valued at $74,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in Fluence Energy in the 4th quarter valued at $79,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Fluence Energy during the 3rd quarter worth $87,000. Institutional investors and hedge funds own 53.16% of the company’s stock.

Fluence Energy Company Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.