Fluence Energy (NASDAQ:FLNC) Trading Down 11.2% - Should You Sell?

Shares of Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) traded down 11.2% on Tuesday . The stock traded as low as $3.88 and last traded at $3.81. 4,040,595 shares changed hands during trading, an increase of 25% from the average session volume of 3,244,093 shares. The stock had previously closed at $4.29.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Roth Mkm lowered Fluence Energy from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $20.00 to $6.50 in a research report on Wednesday, February 12th. BMO Capital Markets downgraded shares of Fluence Energy from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $22.00 to $10.00 in a report on Tuesday, February 11th. Guggenheim cut shares of Fluence Energy from a "buy" rating to a "sell" rating and cut their price objective for the company from $26.00 to $6.00 in a report on Tuesday, February 11th. Wolfe Research lowered shares of Fluence Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group dropped their target price 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. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $12.79.

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Fluence Energy Stock Up 7.8 %

The firm has a 50-day moving average of $6.00 and a two-hundred day moving average of $14.10. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $755.24 million, a PE ratio of -83.20 and a beta of 2.48.

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%. Equities research analysts predict that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Fluence Energy

In related news, CFO Ahmed Pasha acquired 15,500 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average price 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 approximately $160,075.44. This trade represents a 168.42 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Herman E. Bulls bought 30,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $6.53 per share, for a total transaction of $195,900.00. Following the transaction, the director now owns 105,861 shares of the company's stock, valued at $691,272.33. This trade represents a 39.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 79,000 shares of company stock worth $499,665 over the last three months. Insiders own 0.65% of the company's stock.

Hedge Funds Weigh In On Fluence Energy

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Fluence Energy by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 6,252,320 shares of the company's stock valued at $99,287,000 after purchasing an additional 110,256 shares during the period. Zimmer Partners LP lifted its holdings in 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 buying an additional 1,894,301 shares in the last quarter. Clearbridge Investments LLC boosted its position in Fluence Energy by 19.1% in the 4th quarter. Clearbridge Investments LLC now owns 1,849,301 shares of the company's stock valued at $29,367,000 after buying an additional 296,325 shares during the period. Point72 Asset Management L.P. grew its stake in shares of 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 acquiring an additional 610,229 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Fluence Energy by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,513,219 shares of the company's stock worth $24,035,000 after acquiring an additional 5,216 shares during the period. 53.16% of the stock is owned by institutional investors and hedge funds.

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.