Fluence Energy (NASDAQ:FLNC) Downgraded to Sell Rating by Guggenheim

Guggenheim lowered shares of Fluence Energy (NASDAQ:FLNC) from a buy rating to a sell rating in a research note issued to investors on Tuesday, Marketbeat reports. The firm currently has $6.00 target price on the stock, down from their prior target price of $26.00.

Several other equities research analysts have also commented on the company. Robert W. Baird restated a “neutral” rating and set a $20.00 price target (down from $24.00) on shares of Fluence Energy in a research note on Wednesday, December 18th. Piper Sandler upped their price target on Fluence Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Royal Bank of Canada dropped their price target on Fluence Energy from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Baird R W lowered Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, Truist Financial increased their target price on Fluence Energy from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Fluence Energy has an average rating of “Hold” and a consensus target price of $23.15.

Fluence Energy Trading Down 46.4 %

NASDAQ FLNC opened at $7.00 on Tuesday. The business’s 50-day moving average price is $15.47 and its 200 day moving average price is $18.22. Fluence Energy has a twelve month low of $6.56 and a twelve month high of $26.12. The company has a market capitalization of $1.27 billion, a PE ratio of 53.85, a price-to-earnings-growth ratio of 0.49 and a beta of 2.37.

Fluence Energy (NASDAQ:FLNC) last released its earnings results on Monday, February 10th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.15). Fluence Energy had a return on equity of 4.10% and a net margin of 0.89%. Equities analysts predict that Fluence Energy will post 0.48 EPS for the current year.

Insider Activity at Fluence Energy

In related news, Director Herman E. Bulls acquired 10,000 shares of Fluence Energy stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE boosted its position in Fluence Energy by 676.6% during the 3rd quarter. US Bancorp DE now owns 1,693 shares of the company’s stock worth $38,000 after acquiring an additional 1,475 shares during the period. CWM LLC boosted its position in Fluence Energy by 164.4% during the 3rd quarter. CWM LLC now owns 2,842 shares of the company’s stock worth $65,000 after acquiring an additional 1,767 shares during the period. Point72 DIFC Ltd acquired a new position in Fluence Energy during the 3rd quarter worth $74,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Fluence Energy during the 3rd quarter worth $87,000. Finally, Blue Trust Inc. boosted its position in Fluence Energy by 45.3% during the 3rd quarter. Blue Trust Inc. now owns 4,821 shares of the company’s stock worth $109,000 after acquiring an additional 1,502 shares during the period. Institutional investors and hedge funds own 53.16% of the company’s stock.

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.