Fluence Energy (NASDAQ:FLNC) Downgraded by Roth Mkm to "Neutral"

Roth Mkm lowered shares of Fluence Energy (NASDAQ:FLNC - Free Report) from a buy rating to a neutral rating in a report published on Wednesday, Marketbeat reports. The firm currently has $6.50 price objective on the stock, down from their previous price objective of $20.00.

FLNC has been the subject of a number of other research reports. BNP Paribas upgraded Fluence Energy from an "underperform" rating to a "neutral" rating and set a $22.00 price objective for the company in a research report on Friday, November 8th. BMO Capital Markets lowered Fluence Energy from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $22.00 to $10.00 in a research report on Tuesday. Bank of America cut their price objective on Fluence Energy from $25.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada dropped their price target on Fluence Energy from $28.00 to $27.00 and set an "outperform" rating for the company in a research report on Wednesday, November 27th. Finally, Baird R W lowered Fluence Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $14.64.

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Fluence Energy Stock Up 4.0 %

FLNC stock traded up $0.25 during trading on Wednesday, reaching $6.43. The company's stock had a trading volume of 10,984,558 shares, compared to its average volume of 3,520,224. Fluence Energy has a 1 year low of $6.05 and a 1 year high of $26.12. The company has a market capitalization of $1.16 billion, a P/E ratio of 49.46, a price-to-earnings-growth ratio of 0.49 and a beta of 2.37. The company's fifty day moving average is $14.60 and its 200-day moving average is $17.92.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The company reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.15). Fluence Energy had a net margin of 0.89% and a return on equity of 4.10%. Analysts anticipate that Fluence Energy will post 0.48 earnings per share for the current year.

Insider Activity

In related news, Director Herman E. Bulls purchased 30,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was purchased at an average price of $6.53 per share, with a total value of $195,900.00. Following the completion of the purchase, the director now owns 105,861 shares of the company's stock, valued at approximately $691,272.33. The trade was a 39.55 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.65% of the company's stock.

Institutional Trading of Fluence Energy

Several institutional investors and hedge funds have recently modified their holdings of FLNC. Altshuler Shaham Ltd bought a new stake in shares of Fluence Energy during the fourth quarter valued at approximately $34,000. US Bancorp DE raised its stake in shares of Fluence Energy by 676.6% during the third quarter. US Bancorp DE now owns 1,693 shares of the company's stock valued at $38,000 after acquiring an additional 1,475 shares in the last quarter. CWM LLC raised its stake in Fluence Energy by 164.4% in the third quarter. CWM LLC now owns 2,842 shares of the company's stock worth $65,000 after buying an additional 1,767 shares in the last quarter. Point72 DIFC Ltd bought a new position in Fluence Energy in the third quarter worth approximately $74,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new position in Fluence Energy in the fourth quarter worth approximately $79,000. Institutional investors 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.