Fluence Energy (NASDAQ:FLNC) Rating Increased to Neutral at Guggenheim

Guggenheim upgraded shares of Fluence Energy (NASDAQ:FLNC) from a sell rating to a neutral rating in a research note issued to investors on Thursday, Marketbeat Ratings reports.

A number of other research analysts also recently issued reports on FLNC. Citigroup raised their price target on Fluence Energy from $7.50 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Fluence Energy in a research note on Monday, December 29th. Bank of America set a $32.00 target price on shares of Fluence Energy in a report on Tuesday, February 3rd. The Goldman Sachs Group increased their price objective on Fluence Energy from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Fluence Energy in a report on Thursday, January 15th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Fluence Energy currently has an average rating of “Hold” and an average price target of $16.25.

Fluence Energy Stock Up 0.3%

FLNC stock opened at $16.03 on Thursday. Fluence Energy has a fifty-two week low of $3.46 and a fifty-two week high of $33.51. The company’s 50 day moving average price is $20.83 and its 200 day moving average price is $18.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.08 and a current ratio of 1.48. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of -36.43 and a beta of 2.99.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings results on Wednesday, February 4th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.16). The business had revenue of $475.23 million during the quarter, compared to analyst estimates of $444.23 million. Fluence Energy had a negative net margin of 2.04% and a negative return on equity of 10.10%. The firm’s quarterly revenue was up 154.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.32) earnings per share. On average, equities research analysts anticipate that Fluence Energy will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Heynitz Harald Von sold 10,000 shares of Fluence Energy stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total transaction of $165,000.00. Following the completion of the sale, the director owned 63,550 shares in the company, valued at approximately $1,048,575. This trade represents a 13.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FLNC. Curio Wealth LLC purchased a new position in shares of Fluence Energy in the 4th quarter worth about $31,000. State of Wyoming acquired a new stake in Fluence Energy during the 4th quarter worth approximately $36,000. GAMMA Investing LLC raised its holdings in Fluence Energy by 22.2% in the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after buying an additional 437 shares during the period. Advisory Services Network LLC purchased a new stake in Fluence Energy during the third quarter worth approximately $48,000. Finally, Sankala Group LLC acquired a new stake in shares of Fluence Energy in the fourth quarter worth $51,000. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

Fluence Energy Company Profile

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.