Fluence Energy, Inc. (NASDAQ:FLNC) Given Average Recommendation of "Hold" by Brokerages

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) has earned an average recommendation of "Hold" from the twenty-four brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $14.64.

Several brokerages recently commented on FLNC. Wolfe Research cut Fluence Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, February 12th. Truist Financial dropped their target price on shares of Fluence Energy from $28.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Roth Mkm downgraded shares of Fluence Energy from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $20.00 to $6.50 in a research note on Wednesday, February 12th. Canaccord Genuity Group dropped their price objective on shares of Fluence Energy from $34.00 to $14.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group decreased their target price on shares of Fluence Energy from $26.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th.

Fluence Energy Price Performance

NASDAQ FLNC traded down $0.42 on Friday, hitting $6.94. The company had a trading volume of 7,610,429 shares, compared to its average volume of 8,356,199. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.57 and a quick ratio of 1.14. The company has a market capitalization of $1.26 billion, a PE ratio of -138.80 and a beta of 2.37. Fluence Energy has a 12-month low of $6.05 and a 12-month high of $26.12. The company's fifty day moving average price is $13.58 and its 200-day moving average price is $17.63.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last released its quarterly 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%. As a group, analysts predict that Fluence Energy will post 0.08 earnings per share for the current year.

Insider Buying and Selling

In other Fluence Energy news, Director Herman E. Bulls acquired 10,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of $15.57 per share, with a total value of $155,700.00. Following the completion of the purchase, the director now owns 75,861 shares in the company, valued at $1,181,155.77. This trade represents a 15.18 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Julian Nebreda bought 23,500 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $6.35 per share, for a total transaction of $149,225.00. Following the completion of the purchase, the chief executive officer now owns 120,455 shares in the company, valued at $764,889.25. This trade represents a 24.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 79,000 shares of company stock valued at $601,265. Corporate insiders own 0.65% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FLNC. Vanguard Group Inc. boosted its stake in shares of Fluence Energy by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 6,252,320 shares of the company's stock valued at $99,287,000 after buying an additional 110,256 shares during the period. Zimmer Partners LP lifted its stake in Fluence Energy by 757.7% in the fourth quarter. Zimmer Partners LP now owns 2,144,301 shares of the company's stock worth $34,052,000 after acquiring an additional 1,894,301 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Fluence Energy by 19.1% during the 4th quarter. Clearbridge Investments LLC now owns 1,849,301 shares of the company's stock worth $29,367,000 after acquiring an additional 296,325 shares in the last quarter. FMR LLC increased its position in shares of Fluence Energy by 9.0% in the 3rd quarter. FMR LLC now owns 1,606,100 shares of the company's stock valued at $36,475,000 after purchasing an additional 132,868 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Fluence Energy by 63.5% in the 4th quarter. Point72 Asset Management L.P. now owns 1,570,550 shares of the company's stock valued at $24,940,000 after purchasing an additional 610,229 shares in the last quarter. 53.16% of the stock is owned by institutional investors and hedge funds.

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.