Fluence Energy (NASDAQ:FLNC) Earns Outperform Rating from Analysts at Mizuho

Research analysts at Mizuho started coverage on shares of Fluence Energy (NASDAQ:FLNC - Get Free Report) in a report released on Wednesday, Marketbeat.com reports. The firm set an "outperform" rating and a $8.00 price target on the stock. Mizuho's price target would indicate a potential upside of 42.86% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on the company. Piper Sandler lowered their price target on Fluence Energy from $20.00 to $10.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Barclays lowered their price target on Fluence Energy from $22.00 to $9.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. Susquehanna lowered their price target on Fluence Energy from $23.00 to $10.00 and set a "positive" rating on the stock in a report on Wednesday, February 12th. Citigroup lowered their target price on Fluence Energy from $24.00 to $10.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Finally, Bank of America cut Fluence Energy from a "buy" rating to a "neutral" rating and lowered their target price for the company from $20.00 to $8.00 in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $14.34.

Remove Ads

Fluence Energy Stock Performance

NASDAQ FLNC traded up $0.32 on Wednesday, hitting $5.60. 6,628,113 shares of the company's stock were exchanged, compared to its average volume of 6,456,630. 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 firm's 50-day moving average price is $11.51 and its two-hundred day moving average price is $16.89. Fluence Energy has a fifty-two week low of $4.78 and a fifty-two week high of $26.12. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -112.00 and a beta of 2.49.

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 analysts' consensus estimates 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%. On average, research analysts expect that Fluence Energy will post 0.08 EPS for the current year.

Insider Buying and Selling

In other news, CFO Ahmed Pasha bought 15,500 shares of the business's stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 24,703 shares of the company's stock, valued at $160,075.44. This represents a 168.42 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Herman E. Bulls bought 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $5.41 per share, for a total transaction of $54,100.00. Following the completion of the transaction, the director now directly owns 115,861 shares in the company, valued at approximately $626,808.01. This trade represents a 9.45 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 89,000 shares of company stock valued at $655,365. 0.65% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. US Bancorp DE lifted 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 worth $38,000 after purchasing an additional 1,475 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Fluence Energy during the fourth quarter worth about $34,000. Point72 DIFC Ltd acquired a new position in shares of Fluence Energy during the third quarter worth about $74,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Fluence Energy during the third quarter worth about $87,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Fluence Energy during the fourth quarter worth about $79,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

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.