Susquehanna Cuts Fluence Energy (NASDAQ:FLNC) Price Target to $23.00

Fluence Energy (NASDAQ:FLNC) had its price target reduced by Susquehanna from $27.00 to $23.00 in a research report report published on Thursday morning, Marketbeat reports. Susquehanna currently has a positive rating on the stock.

A number of other research firms also recently weighed in on FLNC. UBS Group reissued a “neutral” rating on shares of Fluence Energy in a report on Thursday, January 15th. Barclays lifted their target price on Fluence Energy from $15.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. Jefferies Financial Group set a $24.00 target price on Fluence Energy in a report on Monday, February 9th. Guggenheim raised Fluence Energy from a “sell” rating to a “neutral” rating in a report on Thursday, March 19th. Finally, The Goldman Sachs Group lifted their target price on Fluence Energy from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Four investment 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 MarketBeat, the company presently has an average rating of “Hold” and an average price target of $16.05.

Fluence Energy Stock Up 1.6%

FLNC opened at $13.78 on Thursday. Fluence Energy has a fifty-two week low of $3.46 and a fifty-two week high of $33.51. 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 company has a market capitalization of $2.53 billion, a P/E ratio of -31.32 and a beta of 2.96. The stock has a fifty day moving average of $16.79 and a 200-day moving average of $18.86.

Fluence Energy (NASDAQ:FLNC) last posted its 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). Fluence Energy had a negative return on equity of 10.10% and a negative net margin of 2.04%.The firm 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 business posted ($0.32) EPS. The firm’s quarterly revenue was up 154.4% compared to the same quarter last year. On average, equities analysts expect that Fluence Energy will post 0.08 EPS for the current year.

Insider Transactions at Fluence Energy

In other Fluence Energy 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 value of $165,000.00. Following the transaction, the director owned 63,550 shares in the company, valued at $1,048,575. The trade was a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.69% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Curio Wealth LLC bought a new position in Fluence Energy in the fourth quarter valued at about $31,000. State of Wyoming bought a new position in Fluence Energy in the fourth quarter valued at about $36,000. GAMMA Investing LLC grew its position 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 acquiring an additional 437 shares during the last quarter. Advisory Services Network LLC bought a new position in Fluence Energy in the third quarter valued at about $48,000. Finally, Sankala Group LLC bought a new position in Fluence Energy in the fourth quarter valued at about $51,000. Institutional investors 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.