Fluence Energy (NASDAQ:FLNC) Shares Gap Down – Should You Sell?

Fluence Energy, Inc. (NASDAQ:FLNC)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $15.58, but opened at $14.25. Fluence Energy shares last traded at $14.75, with a volume of 2,035,538 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BMO Capital Markets upped their price objective on Fluence Energy from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Baird R W lowered shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Royal Bank of Canada dropped their price objective on shares of Fluence Energy from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Citigroup downgraded Fluence Energy from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $32.00 to $24.00 in a research report on Tuesday, October 1st. Finally, Truist Financial raised their target price on Fluence Energy from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.65.

Fluence Energy Stock Down 6.8 %

The company has a 50-day moving average price of $17.89 and a 200-day moving average price of $18.61. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 111.85, a P/E/G ratio of 0.53 and a beta of 2.42.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings results on Monday, November 25th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.11. Fluence Energy had a net margin of 0.89% and a return on equity of 4.10%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the business posted $0.02 EPS. The business’s quarterly revenue was up 82.5% on a year-over-year basis. Equities analysts expect that Fluence Energy, Inc. will post 0.55 EPS for the current fiscal year.

Insider Transactions at Fluence Energy

In related news, Director Herman E. Bulls acquired 10,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were bought at an average cost of $15.57 per share, for a total transaction of $155,700.00. Following the purchase, the director now owns 75,861 shares in the company, valued at approximately $1,181,155.77. This trade represents a 15.18 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by insiders.

Institutional Trading of Fluence Energy

Institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC boosted its stake in shares of Fluence Energy by 3.8% in the 2nd quarter. Hsbc Holdings PLC now owns 24,250 shares of the company’s stock valued at $420,000 after purchasing an additional 897 shares in the last quarter. US Bancorp DE increased its position in Fluence Energy by 676.6% in the 3rd quarter. US Bancorp DE now owns 1,693 shares of the company’s stock valued at $38,000 after acquiring an additional 1,475 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Fluence Energy by 45.3% during the third quarter. Blue Trust Inc. now owns 4,821 shares of the company’s stock worth $109,000 after purchasing an additional 1,502 shares in the last quarter. CWM LLC grew its stake in shares of Fluence Energy by 164.4% during the third quarter. CWM LLC now owns 2,842 shares of the company’s stock valued at $65,000 after purchasing an additional 1,767 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Fluence Energy by 17.0% in the second quarter. ProShare Advisors LLC now owns 12,328 shares of the company’s stock valued at $214,000 after purchasing an additional 1,789 shares in the last quarter. Institutional investors and hedge funds own 53.16% of the company’s stock.

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.