Fluence Energy (NASDAQ:FLNC) Trading 2.9% Higher – What’s Next?

Fluence Energy, Inc. (NASDAQ:FLNC) shares rose 2.9% during trading on Friday . The company traded as high as $5.18 and last traded at $5.17. Approximately 428,783 shares traded hands during trading, a decline of 86% from the average daily volume of 3,104,869 shares. The stock had previously closed at $5.03.

Analyst Upgrades and Downgrades

FLNC has been the topic of a number of recent analyst reports. Piper Sandler dropped their price target on Fluence Energy from $20.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Roth Mkm lowered shares of Fluence Energy from a “buy” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $6.50 in a research report on Wednesday, February 12th. Bank of America lowered shares of Fluence Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $20.00 to $8.00 in a research report on Thursday, February 13th. The Goldman Sachs Group reduced their target price on shares of Fluence Energy from $26.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Finally, Barclays lowered their price target on shares of Fluence Energy from $22.00 to $9.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Fluence Energy currently has an average rating of “Hold” and an average price target of $14.34.

Fluence Energy Stock Down 1.0 %

The stock has a 50-day simple moving average of $8.19 and a two-hundred day simple moving average of $15.50. 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 firm has a market cap of $904.11 million, a PE ratio of -99.60 and a beta of 2.49.

Fluence Energy (NASDAQ:FLNC) last issued its earnings results on Monday, February 10th. The company reported ($0.32) EPS 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%. Analysts expect that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Insider Activity

In other news, Director Herman E. Bulls purchased 30,000 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $6.53 per share, with a total value of $195,900.00. Following the transaction, the director now directly owns 105,861 shares of the company’s stock, valued at approximately $691,272.33. This represents a 39.55 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Julian Nebreda acquired 23,500 shares of the stock in a transaction dated Thursday, February 13th. The shares were purchased at an average cost of $6.35 per share, with a total value of $149,225.00. Following the completion of the purchase, the chief executive officer now owns 120,455 shares of the company’s stock, valued at approximately $764,889.25. The trade was a 24.24 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 79,000 shares of company stock valued at $499,665. 0.65% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fluence Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in FLNC. Altshuler Shaham Ltd purchased a new position in Fluence Energy during the 4th quarter valued at $34,000. Point72 DIFC Ltd bought a new stake in shares of Fluence Energy during the 3rd quarter valued at about $74,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Fluence Energy during the fourth quarter valued at about $79,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Fluence Energy in the third quarter worth about $87,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Fluence Energy by 827.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,516 shares of the company’s stock worth $88,000 after buying an additional 4,921 shares during the period. Institutional investors 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.