Fluence Energy, Inc. (NASDAQ:FLNC) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Analysts hold a neutral view: Twenty-three brokerages give Fluence Energy a consensus “Hold” rating, with 12 holds, seven buys and four sells. The average 12-month price target is $18.58.
• Recent results missed expectations: Fluence reported a quarterly loss of $0.24 per share and revenue of $649.85 million, below the $818.57 million consensus estimate, although revenue increased 7.9% year over year.
• Insiders have been selling shares: Company insiders sold 36,974 shares worth $879,787 over the past three months, while institutional investors own 53.16% of the stock.

Shares of Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) have received a consensus recommendation of "Hold" from the twenty-three ratings firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $18.5789.

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Fluence Energy from $13.00 to $17.00 and gave the company a "neutral" rating in a research note on Friday, May 8th. HSBC raised Fluence Energy from a "reduce" rating to a "hold" rating and set a $19.00 target price on the stock in a research note on Friday, May 8th. Zacks Research downgraded Fluence Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 12th. Morgan Stanley set a $15.00 price target on Fluence Energy in a research report on Friday, August 7th. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $15.00 price objective on shares of Fluence Energy in a report on Wednesday, April 29th.

Insider Activity at Fluence Energy

In related news, SVP John Zahurancik sold 16,000 shares of Fluence Energy stock in a transaction 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 sale, the senior vice president owned 87,145 shares in the company, valued at $2,194,311.10. The trade was a 15.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Heynitz Harald Von sold 5,000 shares of the business's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $25.00, for a total transaction of $125,000.00. Following the transaction, the director directly owned 58,550 shares in the company, valued at approximately $1,463,750. The trade was 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. Insiders have sold 36,974 shares of company stock worth $879,787 over the last three months. Insiders own 0.69% of the company's stock.

Institutional Investors Weigh In On Fluence Energy

A number of large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in shares of Fluence Energy by 31.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company's stock valued at $38,000 after buying an additional 672 shares during the period. Sei Investments Co. raised its stake in Fluence Energy by 4.5% in the first quarter. Sei Investments Co. now owns 16,222 shares of the company's stock worth $223,000 after buying an additional 703 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Fluence Energy by 10.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 9,638 shares of the company's stock worth $191,000 after buying an additional 935 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Fluence Energy by 1.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,185 shares of the company's stock worth $1,082,000 after buying an additional 1,082 shares during the period. Finally, New York State Common Retirement Fund boosted its position in Fluence Energy by 5.8% during the 4th quarter. New York State Common Retirement Fund now owns 20,095 shares of the company's stock valued at $397,000 after acquiring an additional 1,100 shares in the last quarter. Institutional investors own 53.16% of the company's stock.

Fluence Energy Stock Up 2.7%

Shares of NASDAQ FLNC opened at $12.07 on Thursday. Fluence Energy has a one year low of $6.60 and a one 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. The firm's 50 day simple moving average is $16.65 and its two-hundred day simple moving average is $17.40. The stock has a market capitalization of $2.23 billion, a P/E ratio of -19.79 and a beta of 2.78.

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

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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