Fluence Energy, Inc. (NASDAQ:FLNC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have been assigned an average rating of “Moderate Buy” from the twenty-one analysts that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $26.65.

A number of brokerages have recently weighed in on FLNC. Baird R W cut shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Robert W. Baird reissued a “neutral” rating and set a $20.00 price target (down previously from $24.00) on shares of Fluence Energy in a research report on Wednesday, December 18th. Jefferies Financial Group initiated coverage on Fluence Energy in a research report on Wednesday, September 4th. They issued a “buy” rating and a $26.00 price objective on the stock. BMO Capital Markets lifted their price objective on Fluence Energy from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Royal Bank of Canada cut their target price on shares of Fluence Energy from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th.

Insider Buying and Selling at Fluence Energy

In related news, Director Herman E. Bulls acquired 10,000 shares of Fluence Energy stock in a transaction on Monday, December 23rd. The shares were bought at an average price of $15.57 per share, for a total transaction of $155,700.00. Following the completion of the purchase, the director now directly owns 75,861 shares in the company, valued at $1,181,155.77. This trade represents a 15.18 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fluence Energy

Hedge funds have recently modified their holdings of the stock. FMR LLC grew its position in Fluence Energy by 9.0% in the third quarter. FMR LLC now owns 1,606,100 shares of the company’s stock valued at $36,475,000 after acquiring an additional 132,868 shares in the last quarter. Erste Asset Management GmbH purchased a new position in shares of Fluence Energy in the third quarter valued at $22,059,000. XTX Topco Ltd acquired a new stake in Fluence Energy during the 3rd quarter valued at $825,000. Barclays PLC grew its holdings in Fluence Energy by 296.8% during the 3rd quarter. Barclays PLC now owns 181,766 shares of the company’s stock valued at $4,127,000 after purchasing an additional 135,957 shares in the last quarter. Finally, Nicola Wealth Management LTD. increased its stake in Fluence Energy by 62.0% during the 3rd quarter. Nicola Wealth Management LTD. now owns 81,000 shares of the company’s stock worth $1,840,000 after buying an additional 31,000 shares during the period. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

Fluence Energy Trading Down 3.3 %

Shares of FLNC opened at $15.88 on Friday. The firm’s 50-day moving average is $18.84 and its two-hundred day moving average is $18.80. Fluence Energy has a twelve month low of $12.74 and a twelve month high of $26.12. The firm has a market capitalization of $2.88 billion, a P/E ratio of 122.15, a PEG ratio of 0.54 and a beta of 2.39.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Monday, November 25th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.11. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.28 billion. Fluence Energy had a return on equity of 4.10% and a net margin of 0.89%. Fluence Energy’s quarterly revenue was up 82.5% on a year-over-year basis. During the same period last year, the business posted $0.02 EPS. Analysts predict that Fluence Energy will post 0.56 EPS for the current year.

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.