Fluence Energy (NASDAQ:FLNC) Stock Price Up 7.8% – What’s Next?

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) rose 7.8% on Friday . The stock traded as high as $14.28 and last traded at $14.6160. Approximately 315,210 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 5,209,009 shares. The stock had previously closed at $13.56.

Analyst Ratings Changes

A number of brokerages recently weighed in on FLNC. The Goldman Sachs Group upped their price objective on Fluence Energy from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Mizuho set a $13.00 price objective on Fluence Energy in a research note on Friday, February 6th. Royal Bank Of Canada restated a “sector perform” rating and set a $12.00 price objective on shares of Fluence Energy in a research note on Tuesday, January 20th. Jefferies Financial Group set a $24.00 price objective on Fluence Energy in a research note on Monday, February 9th. Finally, Needham & Company LLC began coverage on Fluence Energy in a research note on Friday, March 20th. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.05.

Fluence Energy Stock Up 1.6%

The company has a 50-day moving average of $16.79 and a 200-day moving average of $18.86. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of -31.32 and a beta of 2.96. The company has a current ratio of 1.48, a quick ratio of 1.08 and a debt-to-equity ratio of 0.80.

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

Insider Transactions at Fluence Energy

In related news, Director Heynitz Harald Von sold 10,000 shares of the company’s 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 transaction, the director directly owned 63,550 shares of the company’s stock, valued at $1,048,575. This represents a 13.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Curio Wealth LLC acquired a new position in shares of Fluence Energy in the fourth quarter valued at about $31,000. State of Wyoming acquired a new position in shares of Fluence Energy in the fourth quarter valued at about $36,000. GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 437 shares during the period. Sankala Group LLC acquired a new position in shares of Fluence Energy in the fourth quarter valued at about $51,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Fluence Energy by 442.9% in the fourth quarter. Farther Finance Advisors LLC now owns 3,377 shares of the company’s stock valued at $67,000 after purchasing an additional 2,755 shares during the period. 53.16% of the stock is owned by institutional investors and hedge funds.

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.