Fluence Energy (NASDAQ:FLNC) Shares Gap Up After Analyst Upgrade

Fluence Energy, Inc. (NASDAQ:FLNC)’s share price gapped up prior to trading on Wednesday after Citigroup upgraded the stock from a neutral rating to a buy rating. The stock had previously closed at $15.28, but opened at $15.87. Citigroup now has a $24.00 price target on the stock, down from their previous price target of $26.00. Fluence Energy shares last traded at $15.2490, with a volume of 2,460,341 shares changing hands.

FLNC has been the subject of a number of other research reports. Wall Street Zen downgraded shares of Fluence Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Truist Financial started coverage on shares of Fluence Energy in a report on Monday, July 13th. They set a “hold” rating and a $16.00 price objective on the stock. Glj Research began coverage on shares of Fluence Energy in a research report on Wednesday, July 1st. They set a “buy” rating and a $26.00 target price on the stock. UBS Group increased their target price on shares of Fluence Energy from $8.00 to $9.00 and gave the company a “sell” rating in a report on Monday, May 11th. Finally, Canaccord Genuity Group set a $28.00 price target on shares of Fluence Energy in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Fluence Energy presently has an average rating of “Hold” and a consensus target price of $19.53.

Insider Activity

In related news, Director Heynitz Harald Von sold 5,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $25.00, for a total value of $125,000.00. Following the sale, the director directly owned 58,550 shares in the company, valued at $1,463,750. The trade was a 7.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Qatar Investment Authority sold 2,867,172 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $21.00, for a total transaction of $60,210,612.00. Following the completion of the sale, the insider directly owned 11,801,103 shares in the company, valued at approximately $247,823,163. The trade was a 19.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,904,146 shares of company stock worth $61,090,399 over the last 90 days. 0.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Fluence Energy

Large investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in Fluence Energy by 22.2% during 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. Nisa Investment Advisors LLC grew its stake in Fluence Energy by 17.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the company’s stock worth $79,000 after acquiring an additional 586 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Fluence Energy by 31.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock valued at $38,000 after acquiring an additional 672 shares during the last quarter. Sei Investments Co. raised its holdings in Fluence Energy by 4.5% in the 1st quarter. Sei Investments Co. now owns 16,222 shares of the company’s stock valued at $223,000 after acquiring an additional 703 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in shares of Fluence Energy by 10.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 9,638 shares of the company’s stock worth $191,000 after purchasing an additional 935 shares during the period. 53.16% of the stock is currently owned by institutional investors and hedge funds.

Fluence Energy Trading Down 4.1%

The business has a 50 day simple moving average of $20.19 and a two-hundred day simple moving average of $19.09. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 0.85. The company has a market cap of $2.70 billion, a PE ratio of -40.72 and a beta of 2.75.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.62%.The business had revenue of $464.89 million during the quarter, compared to the consensus estimate of $614.93 million. During the same quarter in the previous year, the business earned ($0.24) earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts forecast that Fluence Energy, Inc. will post -0.18 EPS for the current fiscal 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.