Fluence Energy (NASDAQ:FLNC) Trading Down 7.2% After Analyst Downgrade

Fluence Energy, Inc. (NASDAQ:FLNC)’s share price was down 7.2% during mid-day trading on Monday after UBS Group downgraded the stock from a neutral rating to a sell rating. UBS Group now has a $8.00 price target on the stock, down from their previous price target of $22.00. Fluence Energy traded as low as $12.46 and last traded at $12.5570. Approximately 709,720 shares were traded during trading, a decline of 86% from the average daily volume of 5,146,362 shares. The stock had previously closed at $13.53.

Several other equities research analysts also recently issued reports on FLNC. Needham & Company LLC started coverage on Fluence Energy in a report on Friday, March 20th. They set a “hold” rating for the company. Guggenheim raised Fluence Energy from a “sell” rating to a “neutral” rating in a report on Thursday, March 19th. Mizuho set a $13.00 price target on Fluence Energy in a report on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fluence Energy in a report on Monday, December 29th. Finally, Bank of America set a $32.00 price target on Fluence Energy in a report on Tuesday, February 3rd. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Fluence Energy currently has an average rating of “Reduce” and a consensus target price of $16.59.

Insider Buying and Selling

In related news, Director Heynitz Harald Von sold 10,000 shares of the business’s 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 completion of the transaction, the director owned 63,550 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. 0.69% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FLNC. Curio Wealth LLC acquired 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 and hedge funds own 53.16% of the company’s stock.

Fluence Energy Stock Performance

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 stock has a 50-day simple moving average of $15.48 and a 200-day simple moving average of $19.00. The stock has a market cap of $2.32 billion, a P/E ratio of -28.70 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 (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $444.23 million. During the same quarter in the prior year, the firm earned ($0.32) EPS. The business’s revenue was up 154.4% on a year-over-year basis. Research analysts forecast that Fluence Energy, Inc. will post -0.22 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.