Zacks Research Downgrades Fluence Energy (NASDAQ:FLNC) to Strong Sell

Key Points

• Zacks Research downgraded Fluence Energy to “strong sell” from “hold,” adding to mixed analyst sentiment. The stock carries an overall “hold” rating and an average price target of $16.89.
• Fluence shares opened at $9.93, well below their 50-day and 200-day moving averages, after the company reported a quarterly loss of $0.24 per share and revenue of $649.85 million, below estimates.
• Insiders have continued selling shares: company insiders sold 36,974 shares worth approximately $879,787 over the past 90 days, while institutional investors own 53.16% of the stock.

Fluence Energy (NASDAQ:FLNC - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued on Thursday, Zacks reports.

A number of other analysts also recently weighed in on FLNC. Roth Capital set a $18.00 target price on Fluence Energy in a research report on Friday, August 7th. Barclays cut Fluence Energy from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $16.00 to $10.00 in a research report on Thursday, September 3rd. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Fluence Energy in a research note on Wednesday, August 5th. Royal Bank Of Canada reduced their price objective on shares of Fluence Energy from $16.00 to $15.00 and set a "sector perform" rating on the stock in a research note on Friday, August 7th. Finally, UBS Group raised shares of Fluence Energy from a "sell" rating to a "neutral" rating and raised their target price for the company from $9.00 to $12.00 in a report on Tuesday, August 25th. Six investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $16.89.

Fluence Energy Price Performance

Shares of Fluence Energy stock opened at $9.93 on Thursday. The company has a 50-day simple moving average of $12.97 and a two-hundred day simple moving average of $16.17. Fluence Energy has a twelve month low of $6.79 and a twelve month high of $33.51. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -16.28 and a beta of 2.74. The company has a quick ratio of 0.89, a current ratio of 1.34 and a debt-to-equity ratio of 0.91.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.24) earnings per share for the quarter. The business had revenue of $649.85 million during the quarter, compared to analyst estimates of $818.57 million. Fluence Energy had a negative net margin of 3.13% and a negative return on equity of 16.79%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 earnings per share. Analysts forecast that Fluence Energy will post -0.51 EPS for the current year.

Insider Buying and Selling at Fluence Energy

In other news, SVP John Zahurancik sold 15,974 shares of the firm's stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $22.03, for a total value of $351,907.22. Following the sale, the senior vice president directly owned 71,171 shares in the company, valued at approximately $1,567,897.13. This trade represents a 18.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Harald von Heynitz sold 5,000 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the transaction, the director owned 58,550 shares of the company's stock, valued at approximately $1,463,750. This represents a 7.87% decrease in their ownership of the stock. 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 valued at $879,787. 0.69% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fluence Energy

Several hedge funds have recently modified their holdings of FLNC. Tidal Investments LLC grew its position in Fluence Energy by 126.7% during the 2nd quarter. Tidal Investments LLC now owns 207,694 shares of the company's stock worth $4,129,000 after acquiring an additional 116,064 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Fluence Energy during the second quarter worth about $94,000. Maven Securities LTD acquired a new position in shares of Fluence Energy in the second quarter valued at approximately $398,000. IFP Advisors Inc raised its holdings in Fluence Energy by 184.1% in the 2nd quarter. IFP Advisors Inc now owns 1,540 shares of the company's stock valued at $31,000 after buying an additional 998 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in Fluence Energy by 0.6% during the 2nd quarter. Squarepoint Ops LLC now owns 268,318 shares of the company's stock worth $5,334,000 after buying an additional 1,707 shares during the period. Institutional investors and hedge funds own 53.16% of the company's stock.

Fluence Energy Company Profile

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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