Fluence Energy (NASDAQ:FLNC) Coverage Initiated at Needham & Company LLC

Key Points

• Needham initiated coverage on Fluence Energy (NASDAQ:FLNC) with a "hold" rating; the Street consensus is also a Hold (4 Buy / 14 Hold / 3 Sell) with an average target price of $16.25 and top analyst targets as high as $30.00.
• In the most recent quarter Fluence reported an EPS miss (‑$0.34 vs. ‑$0.18 est.) but delivered revenue of $475.2M (beat estimates) and revenue grew ~154% year‑over‑year; the stock trades near $16.03 with a market cap of about $2.95B.
• A company director sold 10,000 shares at roughly $16.50 (≈$165,000), and institutional investors own about 53.16% of the company with several funds recently increasing positions.

Equities researchers at Needham & Company LLC began coverage on shares of Fluence Energy (NASDAQ:FLNC - Get Free Report) in a report released on Friday,Benzinga reports. The brokerage set a "hold" rating on the stock.

Other research analysts have also issued research reports about the stock. Barclays boosted their target price on shares of Fluence Energy from $15.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 14th. Johnson Rice reissued a "hold" rating and set a $18.00 price objective on shares of Fluence Energy in a research report on Monday, December 8th. Weiss Ratings restated a "sell (d)" rating on shares of Fluence Energy in a research note on Monday, December 29th. Jefferies Financial Group set a $24.00 target price on Fluence Energy in a report on Monday, February 9th. Finally, The Goldman Sachs Group upped their price target on Fluence Energy from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Fluence Energy currently has a consensus rating of "Hold" and an average target price of $16.25.

Fluence Energy Trading Up 0.3%

Shares of FLNC stock opened at $16.03 on Friday. Fluence Energy has a 12 month low of $3.46 and a 12 month high of $33.51. The company has a market cap of $2.95 billion, a PE ratio of -36.43 and a beta of 2.99. The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. The business's 50 day moving average is $20.83 and its two-hundred day moving average is $18.07.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported ($0.34) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.16). The firm had revenue of $475.23 million during the quarter, compared to analyst estimates of $444.23 million. Fluence Energy had a negative return on equity of 10.10% and a negative net margin of 2.04%.Fluence Energy's quarterly revenue was up 154.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. Equities analysts predict that Fluence Energy will post 0.08 EPS for the current year.

Insider Activity at Fluence Energy

In other Fluence Energy news, Director Heynitz Harald Von sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total value of $165,000.00. Following the completion of the sale, the director owned 63,550 shares in the company, valued at approximately $1,048,575. This trade represents a 13.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.69% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC increased its holdings in Fluence Energy by 28.9% in the 4th quarter. Hsbc Holdings PLC now owns 157,575 shares of the company's stock valued at $3,144,000 after buying an additional 35,309 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Fluence Energy during the 4th quarter worth about $502,000. Sankala Group LLC acquired a new stake in shares of Fluence Energy during the 4th quarter valued at about $51,000. Mercer Global Advisors Inc. ADV bought a new stake in Fluence Energy in the fourth quarter valued at about $221,000. Finally, Vident Advisory LLC increased its stake in Fluence Energy by 65.8% in the fourth quarter. Vident Advisory LLC now owns 26,103 shares of the company's stock valued at $516,000 after acquiring an additional 10,362 shares during the period. 53.16% of the stock is owned by institutional investors.

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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