Fluence Energy, Inc. (NASDAQ:FLNC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have been assigned a consensus rating of “Hold” from the twenty-one brokerages that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $19.4706.

Several research firms have issued reports on FLNC. Roth Mkm upgraded shares of Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Friday, May 8th. Barclays cut their price target on shares of Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating for the company in a research report on Monday, April 13th. Wall Street Zen lowered shares of Fluence Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. upped their price objective on shares of Fluence Energy from $13.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Guggenheim raised shares of Fluence Energy from a “sell” rating to a “neutral” rating in a research note on Thursday, March 19th.

Insider Activity

In other news, major shareholder Qatar Investment Authority sold 2,867,172 shares of the company’s 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 completion of the transaction, the insider directly owned 11,801,103 shares of the company’s stock, valued at approximately $247,823,163. This represents a 19.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Heynitz Harald Von sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $16.50, for a total transaction of $165,000.00. Following the transaction, the director directly owned 63,550 shares of the company’s stock, valued at approximately $1,048,575. This trade represents a 13.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Fluence Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc raised its stake in shares of Fluence Energy by 882.1% during the fourth quarter. Legal & General Group Plc now owns 738,898 shares of the company’s stock valued at $14,615,000 after acquiring an additional 663,660 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its stake in Fluence Energy by 64,545.5% in the third quarter. ANTIPODES PARTNERS Ltd now owns 1,091,216 shares of the company’s stock worth $11,786,000 after buying an additional 1,089,528 shares in the last quarter. Essex Investment Management Co. LLC bought a new position in Fluence Energy in the third quarter worth about $574,000. Tudor Investment Corp ET AL bought a new position in Fluence Energy in the third quarter worth about $4,062,000. Finally, Dragoneer Investment Group LLC bought a new position in Fluence Energy in the third quarter worth about $65,883,000. 53.16% of the stock is owned by institutional investors.

Fluence Energy Stock Performance

NASDAQ FLNC opened at $23.71 on Friday. The company has a 50-day simple moving average of $18.21 and a two-hundred day simple moving average of $19.50. The company has a quick ratio of 0.91, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. Fluence Energy has a 12-month low of $4.68 and a 12-month high of $33.51. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of -65.86 and a beta of 2.77.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.02. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The business had revenue of $464.89 million during the quarter, compared to analyst estimates of $614.93 million. During the same period in the prior year, the business posted ($0.24) earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts forecast that Fluence Energy will post -0.22 EPS for the current year.

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.