Fluence Energy (NASDAQ:FLNC) Trading Up 9.1% - What's Next?

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) rose 9.1% on Monday . The company traded as high as $6.91 and last traded at $6.70. Approximately 1,135,308 shares changed hands during trading, a decline of 79% from the average daily volume of 5,329,353 shares. The stock had previously closed at $6.14.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Fluence Energy from $4.50 to $6.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Jefferies Financial Group cut Fluence Energy from a "hold" rating to an "underperform" rating and lowered their price target for the stock from $4.00 to $3.00 in a report on Thursday, May 15th. Canaccord Genuity Group dropped their price objective on Fluence Energy from $14.00 to $10.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Morgan Stanley raised their price objective on Fluence Energy from $4.00 to $5.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Finally, Guggenheim lowered their target price on Fluence Energy from $6.00 to $2.00 and set a "sell" rating for the company in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $7.88.

Fluence Energy Price Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 1.51 and a quick ratio of 0.99. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -33.93 and a beta of 2.65. The business's fifty day moving average price is $5.04 and its 200-day moving average price is $7.96.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.03). Fluence Energy had a negative return on equity of 4.40% and a negative net margin of 1.10%. The company had revenue of $431.62 million during the quarter, compared to the consensus estimate of $328.17 million. During the same period last year, the firm posted ($0.07) EPS. The company's revenue for the quarter was down 30.7% compared to the same quarter last year. On average, research analysts forecast that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Insider Transactions at Fluence Energy

In other Fluence Energy news, Director Cynthia A. Arnold bought 33,000 shares of Fluence Energy stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of $5.90 per share, for a total transaction of $194,700.00. Following the completion of the purchase, the director directly owned 86,202 shares of the company's stock, valued at approximately $508,591.80. This trade represents a 62.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.65% of the company's stock.

Institutional Investors Weigh In On Fluence Energy

Hedge funds have recently bought and sold shares of the stock. Altshuler Shaham Ltd purchased a new stake in shares of Fluence Energy during the 4th quarter valued at $34,000. SBI Securities Co. Ltd. increased its stake in Fluence Energy by 462.6% in the first quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company's stock valued at $39,000 after acquiring an additional 6,648 shares during the last quarter. TFB Advisors LLC purchased a new stake in Fluence Energy during the first quarter valued at about $53,000. Voleon Capital Management LP bought a new stake in Fluence Energy during the first quarter worth about $55,000. Finally, Silverlake Wealth Management LLC purchased a new position in shares of Fluence Energy in the 1st quarter worth about $56,000. 53.16% of the stock is currently owned by institutional investors.

Fluence Energy Company Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.