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

Zacks Research downgraded shares of Fluence Energy (NASDAQ:FLNC) from a hold rating to a strong sell rating in a report issued on Tuesday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on the stock. Morgan Stanley set a $16.00 price target on shares of Fluence Energy in a report on Monday, January 26th. UBS Group reissued a “neutral” rating on shares of Fluence Energy in a research note on Thursday, January 15th. The Goldman Sachs Group increased their price objective on shares of Fluence Energy from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Susquehanna reaffirmed a “positive” rating and set a $27.00 price target on shares of Fluence Energy in a research note on Friday, February 6th. Finally, Guggenheim raised shares of Fluence Energy from a “sell” rating to a “neutral” rating in a research note on Thursday, March 19th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $16.05.

Fluence Energy Stock Performance

Shares of FLNC opened at $13.56 on Tuesday. The company has a 50-day simple moving average of $17.12 and a 200-day simple moving average of $18.78. The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $2.49 billion, a PE ratio of -30.82 and a beta of 2.96. Fluence Energy has a 52-week low of $3.46 and a 52-week high of $33.51.

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

Insider Activity

In related news, Director Heynitz Harald Von sold 10,000 shares of Fluence Energy stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $16.50, for a total value 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. The trade was a 13.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Fluence Energy

Hedge funds have recently added to or reduced their stakes in the business. Dragoneer Investment Group LLC acquired a new position in Fluence Energy during the 3rd quarter valued at about $65,883,000. Goldman Sachs Group Inc. lifted its holdings in Fluence Energy by 189.7% in the first 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. Price T Rowe Associates Inc. MD lifted its holdings in Fluence Energy by 5,489.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock worth $60,247,000 after purchasing an additional 2,991,292 shares during the period. UBS Group AG lifted its holdings in Fluence Energy by 65.2% in the fourth quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock worth $51,940,000 after purchasing an additional 1,036,423 shares during the period. Finally, Millennium Management LLC lifted its holdings in Fluence Energy by 11.3% in the third quarter. Millennium Management LLC now owns 2,232,750 shares of the company’s stock worth $24,114,000 after purchasing an additional 227,080 shares during the period. Institutional investors and hedge funds own 53.16% of the company’s stock.

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.