Fluence Energy (NASDAQ:FLNC) Earns "Hold" Rating from Glj Research

Key Points

• GLJ Research reaffirmed a “Hold” rating on Fluence Energy and cut its price target to $12.89 from $26.00, implying about 6.8% upside from the prior close. The broader analyst consensus is also “Hold,” with an average target of $17.89.
• 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. Analysts expect a full-year loss of approximately $0.51 per share.
• The stock opened at $12.07, well below its 52-week high of $33.51. Insiders sold 36,974 shares worth roughly $879,787 during the last quarter, while institutional investors and hedge funds own 53.16% of the company.

Fluence Energy (NASDAQ:FLNC - Get Free Report)'s stock had its "hold" rating reaffirmed by research analysts at Glj Research in a report released on Thursday,Benzinga reports. They presently have a $12.89 target price on the stock, down from their prior target price of $26.00. Glj Research's price target indicates a potential upside of 6.79% from the company's previous close.

Several other analysts have also weighed in on the stock. Royal Bank Of Canada lowered their target price on shares of Fluence Energy from $16.00 to $15.00 and set a "sector perform" rating for the company in a research note on Friday, August 7th. UBS Group raised their price target on shares of Fluence Energy from $8.00 to $9.00 and gave the stock a "sell" rating in a research report on Monday, May 11th. Morgan Stanley set a $15.00 price target on shares of Fluence Energy in a report on Friday, August 7th. Citigroup lowered their price objective on shares of Fluence Energy from $24.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, August 14th. Finally, HSBC upgraded shares of Fluence Energy from a "reduce" rating to a "hold" rating and set a $19.00 price objective on the stock in a research note on Friday, May 8th. Six analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Fluence Energy presently has a consensus rating of "Hold" and an average price target of $17.89.

Fluence Energy Trading Up 2.7%

NASDAQ:FLNC opened at $12.07 on Thursday. The company has a market cap of $2.23 billion, a PE ratio of -19.79 and a beta of 2.78. The business's 50 day moving average is $16.65 and its two-hundred day moving average is $17.40. 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 has a 52 week low of $6.60 and a 52 week high of $33.51.

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

Insider Activity at Fluence Energy

In related news, SVP John Zahurancik sold 16,000 shares of the firm's stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $25.18, for a total value of $402,880.00. Following the sale, the senior vice president directly owned 87,145 shares in the company, valued at $2,194,311.10. This trade represents a 15.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Heynitz Harald Von sold 5,000 shares of Fluence Energy stock in a transaction on Monday, June 15th. The shares were sold at an average price of $25.00, for a total value of $125,000.00. Following the sale, the director directly owned 58,550 shares in the company, valued at $1,463,750. The trade was a 7.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 36,974 shares of company stock valued at $879,787. Insiders own 0.69% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Curio Wealth LLC acquired a new stake in Fluence Energy in the fourth quarter worth about $31,000. State of Wyoming acquired a new position in Fluence Energy during the 4th quarter valued at about $36,000. EverSource Wealth Advisors LLC raised its position in shares of Fluence Energy by 31.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company's stock worth $38,000 after buying an additional 672 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Fluence Energy during the 3rd quarter worth about $48,000. Finally, Sankala Group LLC acquired a new stake in shares of Fluence Energy in the 4th quarter worth approximately $51,000. 53.16% of the stock is owned by institutional investors and hedge funds.

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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