Fluence Energy (NASDAQ:FLNC) Rating Lowered to "Hold" at Roth Capital

Roth Capital lowered shares of Fluence Energy (NASDAQ:FLNC - Free Report) from a strong-buy rating to a hold rating in a research report report published on Wednesday,Zacks.com reports.

A number of other brokerages have also weighed in on FLNC. Susquehanna decreased their price objective on shares of Fluence Energy from $23.00 to $10.00 and set a "positive" rating for the company in a report on Wednesday, February 12th. Guggenheim downgraded shares of Fluence Energy from a "buy" rating to a "sell" rating and reduced their price objective for the stock from $26.00 to $6.00 in a research note on Tuesday, February 11th. Robert W. Baird reiterated a "neutral" rating and issued a $20.00 price target (down from $24.00) on shares of Fluence Energy in a report on Wednesday, December 18th. Royal Bank of Canada downgraded Fluence Energy from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $25.00 to $7.00 in a research report on Wednesday, February 12th. Finally, BNP Paribas upgraded shares of Fluence Energy from an "underperform" rating to a "neutral" rating and set a $22.00 target price for the company in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $14.64.

Fluence Energy Stock Up 4.0 %

FLNC stock traded up $0.25 during mid-day trading on Wednesday, hitting $6.43. The company had a trading volume of 10,984,558 shares, compared to its average volume of 3,520,224. The company has a 50-day moving average price of $14.60 and a 200 day moving average price of $17.95. Fluence Energy has a 12-month low of $6.05 and a 12-month high of $26.12. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 49.46, a P/E/G ratio of 0.49 and a beta of 2.37.

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

Insiders Place Their Bets

In other Fluence Energy news, Director Herman E. Bulls bought 30,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was bought 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 directly owns 105,861 shares in the company, valued at $691,272.33. The trade was a 39.55 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Duff & Phelps Investment Management Co. grew its stake in shares of Fluence Energy by 5.6% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 27,192 shares of the company's stock valued at $432,000 after buying an additional 1,432 shares in the last quarter. US Bancorp DE increased its position 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 worth $38,000 after acquiring an additional 1,475 shares during the period. Lazard Freres Gestion S.A.S. boosted its holdings in Fluence Energy by 7.3% in the fourth quarter. Lazard Freres Gestion S.A.S. now owns 22,180 shares of the company's stock valued at $352,000 after purchasing an additional 1,500 shares during the period. Blue Trust Inc. boosted its stake in shares of 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 during the period. Finally, KBC Group NV lifted its stake in Fluence Energy by 1.6% in the fourth quarter. KBC Group NV now owns 108,296 shares of the company's stock worth $1,720,000 after acquiring an additional 1,671 shares during the last quarter. Institutional investors and hedge funds own 53.16% of the company's stock.

About Fluence Energy

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.