Fluence Energy Target of Unusually Large Options Trading (NASDAQ:FLNC)

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) was the target of unusually large options trading activity on Thursday. Traders acquired 10,228 put options on the company. This is an increase of 138% compared to the typical daily volume of 4,296 put options.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FLNC shares. Hsbc Global Res cut shares of Fluence Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 28th. Susquehanna decreased their price objective on shares of Fluence Energy from $10.00 to $8.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Robert W. Baird decreased their price objective on shares of Fluence Energy from $9.00 to $5.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Barclays reiterated an "equal weight" rating and issued a $5.00 price objective (down from $9.00) on shares of Fluence Energy in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lowered shares of Fluence Energy from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $14.00 to $7.00 in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $7.88.

Fluence Energy Trading Up 11.7%

Shares of FLNC stock traded up $0.88 during trading hours on Friday, hitting $8.36. 6,114,141 shares of the company were exchanged, compared to its average volume of 3,876,636. The firm has a market cap of $1.52 billion, a PE ratio of -37.98 and a beta of 2.65. Fluence Energy has a 1 year low of $3.46 and a 1 year high of $24.00. The company has a quick ratio of 0.99, a current ratio of 1.51 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average of $5.29 and a 200 day moving average of $7.73.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.03). The company had revenue of $431.62 million for the quarter, compared to analysts' expectations of $328.17 million. Fluence Energy had a negative return on equity of 4.40% and a negative net margin of 1.10%. The company's revenue was down 30.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.07) earnings per share. Analysts expect that Fluence Energy will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Fluence Energy

In related news, Director Cynthia A. Arnold purchased 33,000 shares of the stock in a transaction dated Monday, May 12th. The shares were acquired at an average cost of $5.90 per share, with a total value of $194,700.00. Following the purchase, the director directly owned 86,202 shares in the company, valued at $508,591.80. This trade represents a 62.03% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.65% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Fluence Energy by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 6,252,320 shares of the company's stock valued at $99,287,000 after buying an additional 110,256 shares during the period. Goldman Sachs Group Inc. raised its holdings in Fluence Energy by 189.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company's stock valued at $15,380,000 after buying an additional 2,076,668 shares during the period. CenterBook Partners LP purchased a new position in Fluence Energy in the first quarter valued at approximately $12,458,000. Zimmer Partners LP raised its holdings in Fluence Energy by 757.7% in the fourth quarter. Zimmer Partners LP now owns 2,144,301 shares of the company's stock valued at $34,052,000 after buying an additional 1,894,301 shares during the period. Finally, Clearbridge Investments LLC raised its holdings in Fluence Energy by 19.1% in the fourth quarter. Clearbridge Investments LLC now owns 1,849,301 shares of the company's stock valued at $29,367,000 after buying an additional 296,325 shares during the period. Hedge funds and other institutional investors own 53.16% of the company's stock.

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.