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

Key Points

• Fluence Energy has a consensus analyst rating of "Hold" from 23 brokerages, with an average 1-year price target of about $19.53. Recent analyst actions were mixed, including buy, neutral, and strong-buy calls.
• Company insiders have been selling shares, including SVP John Zahurancik and major shareholder Qatar Investment Authority. Over the last 90 days, insiders sold about 2.9 million shares valued at roughly $61.1 million.
• The stock fell 6.8% to open at $13.44, well below its 50-day and 200-day averages. In its latest quarterly report, Fluence beat EPS estimates but posted revenue below expectations, while analysts still expect a loss for the current fiscal year.

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) has received a consensus recommendation of "Hold" from the twenty-three ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $19.5263.

Several brokerages have recently issued reports on FLNC. Glj Research initiated coverage on shares of Fluence Energy in a research report on Wednesday, July 1st. They set a "buy" rating and a $26.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on Fluence Energy from $13.00 to $17.00 and gave the company a "neutral" rating in a research note on Friday, May 8th. Canaccord Genuity Group set a $28.00 target price on Fluence Energy in a report on Friday, May 8th. Zacks Research raised Fluence Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 14th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $22.00 price objective on shares of Fluence Energy in a research report on Thursday, May 7th.

Insider Buying and Selling

In other Fluence Energy news, SVP John Zahurancik sold 16,000 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $25.18, for a total transaction of $402,880.00. Following the completion of the sale, the senior vice president directly owned 87,145 shares of the company's stock, valued at approximately $2,194,311.10. This represents a 15.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Qatar Investment Authority sold 2,867,172 shares of the firm's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $21.00, for a total transaction of $60,210,612.00. Following the completion of the sale, the insider owned 11,801,103 shares in the company, valued at $247,823,163. This represents a 19.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,904,146 shares of company stock valued at $61,090,399 over the last 90 days. Corporate insiders own 0.69% of the company's stock.

Institutional Investors Weigh In On Fluence Energy

A number of large investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its holdings in Fluence Energy by 5,489.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company's stock valued at $60,247,000 after buying an additional 2,991,292 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Fluence Energy by 189.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company's stock valued at $15,380,000 after acquiring an additional 2,076,668 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Fluence Energy during the 1st quarter worth $19,579,000. Jacobs Levy Equity Management Inc. purchased a new position in Fluence Energy in the third quarter worth approximately $14,207,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Fluence Energy during the 3rd quarter worth about $12,901,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

Fluence Energy Stock Down 6.8%

FLNC opened at $13.44 on Friday. The firm's fifty day moving average is $19.91 and its 200 day moving average is $18.99. Fluence Energy has a fifty-two week low of $6.60 and a fifty-two week high of $33.51. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of -37.33 and a beta of 2.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.91 and a current ratio of 1.43.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.02. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The firm had revenue of $464.89 million during the quarter, compared to analyst estimates of $614.93 million. During the same quarter in the prior year, the business earned ($0.24) earnings per share. Fluence Energy's revenue for the quarter was up 7.7% on a year-over-year basis. On average, sell-side analysts forecast that Fluence Energy will post -0.18 earnings per share for the current fiscal year.

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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