Fluence Energy (NASDAQ:FLNC) Price Target Cut to $8.00 by Analysts at Mizuho

Fluence Energy (NASDAQ:FLNC) had its target price lowered by research analysts at Mizuho from $15.00 to $8.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “underperform” rating on the stock. Mizuho’s price target indicates a potential downside of 20.42% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. UBS Group upgraded shares of Fluence Energy from a “sell” rating to a “neutral” rating and boosted their price target for the company from $9.00 to $12.00 in a research report on Tuesday, August 25th. Roth Capital set a $18.00 price objective on shares of Fluence Energy in a report on Friday, August 7th. Truist Financial initiated coverage on Fluence Energy in a research report on Monday, July 13th. They set a “hold” rating and a $16.00 price objective on the stock. Royal Bank Of Canada reduced their target price on Fluence Energy from $16.00 to $15.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Fluence Energy in a research report on Wednesday, August 5th. Six equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $16.89.

Fluence Energy Trading Up 3.7%

NASDAQ:FLNC traded up $0.36 during trading hours on Friday, hitting $10.05. The company had a trading volume of 2,771,525 shares, compared to its average volume of 7,932,395. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.34 and a quick ratio of 0.89. The stock has a 50-day moving average price of $13.12 and a 200 day moving average price of $16.22. The company has a market capitalization of $1.86 billion, a PE ratio of -16.52 and a beta of 2.74. Fluence Energy has a 52 week low of $6.79 and a 52 week high of $33.51.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.24) EPS for the quarter. Fluence Energy had a negative return on equity of 16.79% and a negative net margin of 3.13%.The company had revenue of $649.85 million during the quarter, compared to the consensus estimate of $818.57 million. During the same quarter last year, the company posted $0.01 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts predict that Fluence Energy will post -0.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP John Zahurancik sold 15,974 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $22.03, for a total value of $351,907.22. Following the completion of the transaction, the senior vice president owned 71,171 shares in the company, valued at $1,567,897.13. The trade was a 18.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Harald von Heynitz sold 5,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $25.00, for a total value of $125,000.00. Following the transaction, the director directly owned 58,550 shares in the company, valued at approximately $1,463,750. The trade was a 7.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 36,974 shares of company stock valued at $879,787. Corporate insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Fluence Energy

A number of hedge funds have recently bought and sold shares of FLNC. Goldman Sachs Group Inc. lifted its stake in shares of Fluence Energy by 189.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after purchasing an additional 2,076,668 shares during the period. Bank of America Corp DE raised its position in Fluence Energy by 24.4% in the first quarter. Bank of America Corp DE now owns 3,085,730 shares of the company’s stock worth $42,460,000 after acquiring an additional 604,983 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Fluence Energy by 5,489.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock worth $60,247,000 after acquiring an additional 2,991,292 shares during the last quarter. Millennium Management LLC lifted its position in Fluence Energy by 11.3% during the third quarter. Millennium Management LLC now owns 2,232,750 shares of the company’s stock valued at $24,114,000 after purchasing an additional 227,080 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its position in Fluence Energy by 82.6% in the third quarter. Voloridge Investment Management LLC now owns 1,965,083 shares of the company’s stock worth $21,223,000 after buying an additional 888,893 shares in the last quarter. Hedge funds and other institutional investors own 53.16% of the company’s stock.

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.