Fluence Energy (NASDAQ:FLNC) Price Target Lowered to $16.00 at Barclays

Key Points

• Barclays cut its price target on Fluence Energy from $20.00 to $16.00 and maintained an equal weight rating, implying roughly a 17% upside from the stock's then-current price.
• The consensus analyst view is a Hold with an average target of $15.85, based on 4 Buy, 14 Hold and 4 Sell ratings.
• FLNC traded near $13.65 (down 0.9%) with a $2.51B market cap; the latest quarter showed revenue of $475.2M (+154% YoY) but an EPS miss (‑$0.34 vs. ‑$0.18 estimate) and negative margins.

Fluence Energy (NASDAQ:FLNC - Get Free Report) had its target price lowered by analysts at Barclays from $20.00 to $16.00 in a report issued on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price objective points to a potential upside of 17.22% from the stock's current price.

Other analysts have also issued reports about the company. UBS Group reissued a "neutral" rating on shares of Fluence Energy in a research note on Thursday, January 15th. Bank of America set a $32.00 price objective on shares of Fluence Energy in a research note on Tuesday, February 3rd. Guggenheim upgraded shares of Fluence Energy from a "sell" rating to a "neutral" rating in a report on Thursday, March 19th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $12.00 target price on shares of Fluence Energy in a research report on Tuesday, January 20th. Finally, Zacks Research lowered shares of Fluence Energy from a "hold" rating to a "strong sell" rating in a research report on Tuesday, April 7th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $15.85.

Fluence Energy Trading Down 0.9%

NASDAQ FLNC traded down $0.13 during mid-day trading on Monday, reaching $13.65. 3,034,026 shares of the stock were exchanged, compared to its average volume of 5,225,298. The stock has a market capitalization of $2.51 billion, a PE ratio of -31.02 and a beta of 2.96. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.08 and a current ratio of 1.48. Fluence Energy has a 1-year low of $3.46 and a 1-year high of $33.51. The business's fifty day simple moving average is $16.79 and its 200 day simple moving average is $18.92.

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

Insider Buying and Selling at Fluence Energy

In other news, Director Heynitz Harald Von sold 10,000 shares of the business's stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total transaction 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. The trade was a 13.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FLNC. AQR Capital Management LLC increased its position in shares of Fluence Energy by 1,441.8% in the first quarter. AQR Capital Management LLC now owns 900,674 shares of the company's stock worth $4,368,000 after acquiring an additional 842,257 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Fluence Energy in the 1st quarter valued at $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Fluence Energy by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company's stock valued at $575,000 after purchasing an additional 3,364 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Fluence Energy by 189.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company's stock worth $15,380,000 after purchasing an additional 2,076,668 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Fluence Energy in the first quarter worth about $93,000. 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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