Fluence Energy (NASDAQ:FLNC) Shares Gap Down After Analyst Downgrade

Fluence Energy, Inc. (NASDAQ:FLNC) shares gapped down before the market opened on Friday after UBS Group downgraded the stock from a hold rating to a strong sell rating. The stock had previously closed at $14.98, but opened at $13.82. Fluence Energy shares last traded at $14.2180, with a volume of 1,799,564 shares.

A number of other brokerages also recently commented on FLNC. Mizuho set a $13.00 price target on shares of Fluence Energy in a report on Friday, February 6th. Susquehanna lowered their price target on shares of Fluence Energy from $27.00 to $23.00 and set a “positive” rating for the company in a report on Thursday, April 9th. Morgan Stanley set a $16.00 target price on shares of Fluence Energy in a report on Monday, January 26th. Barclays lowered their target price on shares of Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. Finally, Bank of America set a $32.00 target price on shares of Fluence Energy in a report on Tuesday, February 3rd. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $15.89.

Insider Activity at Fluence Energy

In other news, Director Heynitz Harald Von sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were 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 approximately $1,048,575. The trade was a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FLNC. Curio Wealth LLC acquired a new stake in Fluence Energy in the fourth quarter valued at $31,000. State of Wyoming acquired a new stake in Fluence Energy in the fourth quarter valued at $36,000. GAMMA Investing LLC raised its holdings 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 in the last quarter. Advisory Services Network LLC acquired a new stake in Fluence Energy in the third quarter valued at $48,000. Finally, Sankala Group LLC acquired a new stake in Fluence Energy in the fourth quarter valued at $51,000. 53.16% of the stock is owned by institutional investors and hedge funds.

Fluence Energy Stock Down 9.7%

The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.08. The firm’s fifty day moving average is $15.62 and its 200-day moving average is $18.97. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of -30.75 and a beta of 2.96.

Fluence Energy (NASDAQ:FLNC) last released its earnings results on Wednesday, February 4th. The company reported ($0.34) earnings per share 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 the consensus estimate of $444.23 million. During the same quarter in the previous year, the firm earned ($0.32) EPS. The firm’s revenue for the quarter was up 154.4% on a year-over-year basis. On average, sell-side analysts predict that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

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.