Fluence Energy, Inc. (NASDAQ:FLNC) Given Average Rating of "Hold" by Brokerages

Shares of Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) have earned an average rating of "Hold" from the twenty-five brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $8.21.

Several research analysts have recently commented on the company. HSBC lowered Fluence Energy from a "buy" rating to a "hold" rating and set a $4.00 target price for the company. in a research report on Monday, April 28th. Barclays reaffirmed an "equal weight" rating and set a $5.00 target price (down from $9.00) on shares of Fluence Energy in a report on Tuesday, April 8th. Mizuho initiated coverage on Fluence Energy in a research report on Wednesday, March 5th. They issued an "outperform" rating and a $8.00 price target for the company. Bank of America downgraded shares of Fluence Energy from a "buy" rating to a "neutral" rating and cut their target price for the stock from $20.00 to $8.00 in a research report on Thursday, February 13th. Finally, Roth Mkm lowered shares of Fluence Energy from a "buy" rating to a "neutral" rating and dropped their price target for the company from $20.00 to $6.50 in a research report on Wednesday, February 12th.

Insider Activity

In other Fluence Energy news, Director Herman E. Bulls bought 10,000 shares of Fluence Energy stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average price of $5.41 per share, for a total transaction of $54,100.00. Following the completion of the purchase, the director now directly owns 115,861 shares of the company's stock, valued at approximately $626,808.01. This trade represents a 9.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Cynthia A. Arnold purchased 33,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average price of $5.90 per share, for a total transaction of $194,700.00. Following the completion of the purchase, the director now directly owns 86,202 shares in the company, valued at $508,591.80. This represents a 62.03% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.65% of the company's stock.

Institutional Investors Weigh In On Fluence Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Altshuler Shaham Ltd bought a new stake in shares of Fluence Energy during the 4th quarter valued at $34,000. SBI Securities Co. Ltd. lifted its holdings in shares of Fluence Energy by 462.6% in the first quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company's stock worth $39,000 after buying an additional 6,648 shares in the last quarter. TFB Advisors LLC bought a new position in shares of Fluence Energy in the first quarter valued at approximately $53,000. Voleon Capital Management LP purchased a new position in Fluence Energy during the first quarter valued at approximately $55,000. Finally, Silverlake Wealth Management LLC bought a new stake in Fluence Energy during the 1st quarter worth approximately $56,000. Institutional investors own 53.16% of the company's stock.

Fluence Energy Trading Down 1.0%

Fluence Energy stock traded down $0.05 during trading on Tuesday, reaching $4.78. The company had a trading volume of 2,319,393 shares, compared to its average volume of 3,646,346. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.57. The firm has a market capitalization of $867.80 million, a price-to-earnings ratio of -95.60 and a beta of 2.49. The stock's 50 day moving average price is $4.54 and its two-hundred day moving average price is $10.33. Fluence Energy has a 12-month low of $3.46 and a 12-month high of $26.12.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.03). Fluence Energy had a negative net margin of 0.08% and a negative return on equity of 0.36%. The company had revenue of $431.62 million during the quarter, compared to analyst estimates of $328.17 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The firm's revenue for the quarter was down 30.7% on a year-over-year basis. As a group, equities analysts expect that Fluence Energy will post 0.08 earnings per share for the current fiscal year.

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.