Fluence Energy (NASDAQ:FLNC) Stock Price Up 7.8% - Here's What Happened

Key Points

• Stock jump: Fluence shares rose 7.8% intraday to about $14.62 on Friday, but volume was very light (~315,210 shares, down 94% vs. average) and the price remains below the 50- and 200-day moving averages ($17.12 and $18.78).
• Mixed analyst view: The consensus rating is a Hold with a $16.05 consensus price target, while individual notes range from Barclays raising its target to $20 to Zacks cutting the stock to a "strong sell."
• Earnings and insider activity: Fluence missed EPS (‑$0.34 vs. ‑$0.18 expected) but beat revenue ($475.2M vs. $444.2M) with revenue up 154% YoY, the company remains unprofitable, and a director sold 10,000 shares at $16.50.

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) rose 7.8% during mid-day trading on Friday . The company traded as high as $14.28 and last traded at $14.6160. Approximately 315,210 shares traded hands during trading, a decline of 94% from the average daily volume of 5,209,009 shares. The stock had previously closed at $13.56.

Analyst Ratings Changes

FLNC has been the topic of a number of recent research reports. Royal Bank Of Canada reiterated a "sector perform" rating and set a $12.00 price objective on shares of Fluence Energy in a research note on Tuesday, January 20th. Needham & Company LLC started coverage on shares of Fluence Energy in a research report on Friday, March 20th. They set a "hold" rating for the company. Guggenheim raised shares of Fluence Energy from a "sell" rating to a "neutral" rating in a research report on Thursday, March 19th. Barclays increased their target price on shares of Fluence Energy from $15.00 to $20.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 14th. Finally, Zacks Research cut shares of Fluence Energy from a "hold" rating to a "strong sell" rating in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Fluence Energy presently has a consensus rating of "Hold" and a consensus price target of $16.05.

Fluence Energy Price Performance

The stock's 50-day moving average is $17.12 and its 200 day moving average is $18.78. The company has a market cap of $2.64 billion, a PE ratio of -32.68 and a beta of 2.96. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.08.

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

Insider Activity

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

Institutional Trading of Fluence Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Curio Wealth LLC acquired a new stake in shares of Fluence Energy in the fourth quarter worth $31,000. State of Wyoming acquired a new position in Fluence Energy during the fourth quarter worth about $36,000. GAMMA Investing LLC raised its stake in Fluence Energy by 22.2% during the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company's stock worth $48,000 after purchasing an additional 437 shares during the period. Advisory Services Network LLC purchased a new position in Fluence Energy during the third quarter worth about $48,000. Finally, Sankala Group LLC purchased a new position in Fluence Energy during the fourth quarter worth about $51,000. Institutional investors and hedge funds own 53.16% of the company's stock.

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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