Mizuho Has Lowered Expectations for Fluence Energy (NASDAQ:FLNC) Stock Price

Key Points

• Mizuho cut Fluence Energy’s price target from $15 to $8 and maintained an “underperform” rating, implying roughly 20% downside from the stock’s $10.05 price.
• Analyst sentiment remains cautious: Fluence has an overall “hold” rating and an average price target of $16.89, while Barclays and Piper Sandler also issued bearish ratings with targets of $10 and $6, respectively.
• Fluence reported a quarterly loss of $0.24 per share and revenue of $649.85 million, below the $818.57 million consensus estimate; analysts expect a full-year loss of approximately $0.51 per share.

Fluence Energy (NASDAQ:FLNC - Get Free Report) had its target price cut by research analysts at Mizuho from $15.00 to $8.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an "underperform" rating on the stock. Mizuho's price objective points to a potential downside of 20.42% from the company's current price.

Other equities research analysts have also issued research reports about the company. Barclays lowered Fluence Energy from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $16.00 to $10.00 in a research note on Thursday, September 3rd. Morgan Stanley set a $15.00 price objective on Fluence Energy in a research report on Friday, August 7th. Truist Financial initiated coverage on Fluence Energy in a report on Monday, July 13th. They set a "hold" rating and a $16.00 price objective on the stock. Piper Sandler initiated coverage on Fluence Energy in a research report on Tuesday. They issued an "underweight" rating and a $6.00 target price for the company. Finally, Zacks Research lowered Fluence Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 12th. Six analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Fluence Energy presently has an average rating of "Hold" and an average target price of $16.89.

Fluence Energy Price Performance

FLNC stock traded up $0.36 during midday trading on Friday, reaching $10.05. The company had a trading volume of 2,771,525 shares, compared to its average volume of 7,932,395. The firm has a 50-day moving average price of $13.12 and a 200-day moving average price of $16.22. The company has a market capitalization of $1.86 billion, a P/E ratio of -16.52 and a beta of 2.74. Fluence Energy has a 1 year low of $6.79 and a 1 year high of $33.51. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.34 and a quick ratio of 0.89.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.24) earnings per share (EPS) for the quarter. Fluence Energy had a negative return on equity of 16.79% and a negative net margin of 3.13%.The company had revenue of $649.85 million for the quarter, compared to the consensus estimate of $818.57 million. During the same period in the prior year, the firm posted $0.01 earnings per share. The business's revenue was up 7.9% on a year-over-year basis. On average, research analysts anticipate that Fluence Energy will post -0.51 earnings per share for the current fiscal year.

Insider Activity at Fluence Energy

In other Fluence Energy news, Director Harald von Heynitz sold 5,000 shares of Fluence Energy stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.00, for a total value of $125,000.00. Following the transaction, the director directly owned 58,550 shares of the company's stock, valued at $1,463,750. The trade was a 7.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP John Zahurancik sold 16,000 shares of the business's stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $25.18, for a total value of $402,880.00. Following the completion of the sale, the senior vice president owned 87,145 shares of the company's stock, valued at $2,194,311.10. The trade was a 15.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 36,974 shares of company stock worth $879,787. 0.69% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fluence Energy

Several institutional investors have recently added to or reduced their stakes in FLNC. AQR Capital Management LLC increased its position in shares of Fluence Energy by 1,441.8% in the first quarter. AQR Capital Management LLC now owns 900,674 shares of the company's stock valued at $4,368,000 after acquiring an additional 842,257 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Fluence Energy during the first quarter worth about $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Fluence Energy by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company's stock worth $575,000 after purchasing an additional 3,364 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Fluence Energy by 189.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company's stock worth $15,380,000 after purchasing an additional 2,076,668 shares during the last quarter. Finally, Strs Ohio purchased a new position in Fluence Energy during the 1st quarter valued at about $93,000. Hedge funds and other institutional investors own 53.16% of the company's stock.

About Fluence Energy

Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.

The company's core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.

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