Fluence Energy (NASDAQ:FLNC) Given New $16.00 Price Target at Barclays

Fluence Energy (NASDAQ:FLNC) had its target price trimmed by Barclays from $20.00 to $16.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities analysts have also recently issued research reports about the company. Needham & Company LLC assumed coverage on Fluence Energy in a report on Friday, March 20th. They issued a “hold” rating for the company. UBS Group reaffirmed a “neutral” rating on shares of Fluence Energy in a report on Thursday, January 15th. Roth Mkm reaffirmed a “neutral” rating and issued a $26.00 price target on shares of Fluence Energy in a report on Wednesday, January 28th. Guggenheim raised Fluence Energy from a “sell” rating to a “neutral” rating in a report on Thursday, March 19th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fluence Energy in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.85.

Fluence Energy Trading Down 0.9%

Fluence Energy stock opened at $13.65 on Monday. The business has a 50 day moving average price of $16.44 and a two-hundred day moving average price of $18.93. 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 stock has a market cap of $2.51 billion, a price-to-earnings ratio of -31.02 and a beta of 2.96. Fluence Energy has a 12 month low of $3.46 and a 12 month high of $33.51.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings results on Wednesday, February 4th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.16). The firm 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 company’s revenue was up 154.4% on a year-over-year basis. During the same period last year, the company earned ($0.32) EPS. As a group, equities analysts forecast that Fluence Energy will post 0.08 EPS for the current year.

Insider Buying and Selling

In related news, Director Heynitz Harald Von sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total transaction of $165,000.00. Following the sale, the director directly owned 63,550 shares in the company, valued at $1,048,575. This represents a 13.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fluence Energy

A number of large investors have recently bought and sold shares of FLNC. Dragoneer Investment Group LLC bought a new stake in Fluence Energy during the 3rd quarter worth approximately $65,883,000. Price T Rowe Associates Inc. MD grew its position in 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. Goldman Sachs Group Inc. grew its position in Fluence Energy by 189.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after acquiring an additional 2,076,668 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Fluence Energy during the 3rd quarter worth approximately $14,207,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Fluence Energy during the 3rd quarter worth approximately $12,901,000. 53.16% of the stock is currently owned by 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.