Fluence Energy (NASDAQ:FLNC) Trading Down 9.2% - Should You Sell?

Shares of Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) traded down 9.2% on Monday . The company traded as low as $5.22 and last traded at $5.20. 3,831,049 shares were traded during trading, a decline of 40% from the average session volume of 6,361,326 shares. The stock had previously closed at $5.72.

Analyst Ratings Changes

FLNC has been the subject of a number of research analyst reports. BNP Paribas upgraded Fluence Energy from an "underperform" rating to a "neutral" rating and set a $22.00 target price for the company in a research note on Friday, November 8th. Robert W. Baird reaffirmed a "neutral" rating and issued a $20.00 price target (down previously from $24.00) on shares of Fluence Energy in a research report on Wednesday, December 18th. The Goldman Sachs Group lowered their price objective on Fluence Energy from $26.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Bank of America cut Fluence Energy from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $20.00 to $8.00 in a research report on Thursday, February 13th. Finally, Truist Financial decreased their target price on Fluence Energy from $28.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $14.34.

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Fluence Energy Stock Performance

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 $11.73 and its 200-day moving average price is $16.98. The stock has a market cap of $1.02 billion, a P/E ratio of -112.00 and a beta of 2.49.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported ($0.32) EPS 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 expect that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Activity

In other Fluence Energy news, Director Herman E. Bulls acquired 10,000 shares of the stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $15.57 per share, for a total transaction of $155,700.00. Following the completion of the transaction, the director now directly owns 75,861 shares of the company's stock, valued at $1,181,155.77. This trade represents a 15.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Julian Nebreda bought 23,500 shares of Fluence Energy stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $6.35 per share, for a total transaction of $149,225.00. Following the completion of the acquisition, the chief executive officer now owns 120,455 shares in the company, valued at approximately $764,889.25. The trade was a 24.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 89,000 shares of company stock worth $655,365. 0.65% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fluence Energy

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Fluence Energy by 1.8% during 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 boosted its stake in shares of Fluence Energy by 757.7% during the 4th quarter. Zimmer Partners LP now owns 2,144,301 shares of the company's stock worth $34,052,000 after purchasing an additional 1,894,301 shares during the period. 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 valued at $29,367,000 after purchasing an additional 296,325 shares during the last quarter. FMR LLC raised its position in Fluence Energy by 9.0% in the 3rd quarter. FMR LLC now owns 1,606,100 shares of the company's stock worth $36,475,000 after purchasing an additional 132,868 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in Fluence Energy by 63.5% in the fourth quarter. Point72 Asset Management L.P. now owns 1,570,550 shares of the company's stock worth $24,940,000 after purchasing an additional 610,229 shares during the last quarter. 53.16% of the stock is owned by institutional investors.

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.