Fluence Energy (NASDAQ:FLNC) Rating Lowered to Strong Sell at UBS Group

Fluence Energy (NASDAQ:FLNC) was downgraded by analysts at UBS Group from a “hold” rating to a “strong sell” rating in a note issued to investors on Friday,Zacks.com reports.

FLNC has been the topic of several other reports. Needham & Company LLC started coverage on shares of Fluence Energy in a research note on Friday, March 20th. They issued a “hold” rating on the stock. Morgan Stanley set a $16.00 price objective on shares of Fluence Energy in a research report on Monday, January 26th. Guggenheim raised shares of Fluence Energy from a “sell” rating to a “neutral” rating in a research report on Thursday, March 19th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $12.00 price objective on shares of Fluence Energy in a research report on Tuesday, January 20th. Finally, Mizuho set a $13.00 price objective on shares of Fluence Energy in a research report on Friday, February 6th. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $15.89.

Fluence Energy Trading Down 9.7%

FLNC stock opened at $13.53 on Friday. 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’s 50-day simple moving average is $15.62 and its 200 day simple moving average is $18.97. Fluence Energy has a 52 week low of $3.46 and a 52 week high of $33.51. The company has a market capitalization of $2.49 billion, a PE ratio of -30.75 and a beta of 2.96.

Fluence Energy (NASDAQ:FLNC) last released 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). 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 during the quarter, compared to analyst estimates of $444.23 million. During the same quarter last year, the company posted ($0.32) earnings per share. The company’s revenue was up 154.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Fluence Energy will post 0.08 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Heynitz Harald Von sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were 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 of the company’s stock, valued at $1,048,575. This represents a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FLNC. Curio Wealth LLC bought a new position in shares of Fluence Energy in the fourth quarter worth about $31,000. State of Wyoming bought a new position in shares of Fluence Energy in the fourth quarter worth about $36,000. GAMMA Investing LLC lifted 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 worth $48,000 after acquiring an additional 437 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Fluence Energy in the third quarter worth about $48,000. Finally, Sankala Group LLC bought a new position in shares of Fluence Energy in the fourth quarter worth 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.