Fluence Energy, Inc. (NASDAQ:FLNC) Given Consensus Rating of "Hold" by Analysts

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) has been assigned an average rating of "Hold" from the twenty-four brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $14.64.

Several equities analysts recently weighed in on the stock. Truist Financial cut their price objective on shares of Fluence Energy from $28.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. BNP Paribas upgraded shares of Fluence Energy from an "underperform" rating to a "neutral" rating and set a $22.00 price target on the stock in a report on Friday, November 8th. BMO Capital Markets cut shares of Fluence Energy from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $22.00 to $10.00 in a report on Tuesday, February 11th. Morgan Stanley cut their target price on Fluence Energy from $20.00 to $8.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $20.00 price target (down previously from $24.00) on shares of Fluence Energy in a research note on Wednesday, December 18th.

Fluence Energy Stock Down 2.5 %

Shares of Fluence Energy stock traded down $0.18 on Friday, hitting $6.86. 4,642,840 shares of the company traded hands, compared to its average volume of 6,485,644. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.74. Fluence Energy has a 12-month low of $6.05 and a 12-month high of $26.12. The company has a 50-day moving average price of $14.36 and a 200 day moving average price of $17.88. The company has a market cap of $1.24 billion, a PE ratio of -137.10 and a beta of 2.37.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its earnings results on Monday, February 10th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.15). Fluence Energy had a negative return on equity of 0.36% and a negative net margin of 0.08%. Sell-side analysts predict that Fluence Energy will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, CEO Julian Nebreda purchased 23,500 shares of the stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $6.35 per share, with a total value of $149,225.00. Following the acquisition, the chief executive officer now directly owns 120,455 shares of the company's stock, valued at $764,889.25. This represents a 24.24 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Ahmed Pasha acquired 15,500 shares of Fluence Energy stock in a transaction dated Friday, February 14th. The shares were acquired at an average cost of $6.48 per share, with a total value of $100,440.00. Following the completion of the acquisition, the chief financial officer now directly owns 24,703 shares in the company, valued at $160,075.44. This trade represents a 168.42 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 79,000 shares of company stock valued at $601,265 in the last quarter. Corporate insiders own 0.65% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FLNC. CWM LLC boosted its holdings in Fluence Energy by 164.4% during the third quarter. CWM LLC now owns 2,842 shares of the company's stock valued at $65,000 after purchasing an additional 1,767 shares in the last quarter. Blue Trust Inc. boosted its stake in Fluence Energy by 45.3% in the 3rd quarter. Blue Trust Inc. now owns 4,821 shares of the company's stock valued at $109,000 after buying an additional 1,502 shares in the last quarter. International Assets Investment Management LLC grew its position in Fluence Energy by 2,170.9% in the third quarter. International Assets Investment Management LLC now owns 10,787 shares of the company's stock valued at $245,000 after acquiring an additional 10,312 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Fluence Energy in the third quarter valued at $1,375,000. Finally, US Bancorp DE raised its stake in Fluence Energy by 676.6% during the third quarter. US Bancorp DE now owns 1,693 shares of the company's stock worth $38,000 after acquiring an additional 1,475 shares in the last quarter. Institutional investors and hedge funds own 53.16% of the company's stock.

Fluence Energy Company Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.