Investors Buy High Volume of Call Options on Fluence Energy (NASDAQ:FLNC)

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) saw some unusual options trading activity on Tuesday. Stock traders bought 8,213 call options on the company. This represents an increase of 60% compared to the typical volume of 5,133 call options.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FLNC shares. Jefferies Financial Group downgraded shares of Fluence Energy from a "hold" rating to an "underperform" rating and lowered their target price for the company from $4.00 to $3.00 in a research note on Thursday, May 15th. Hsbc Global Res downgraded shares of Fluence Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 28th. Barclays reaffirmed an "equal weight" rating and issued a $5.00 target price (down from $9.00) on shares of Fluence Energy in a research note on Tuesday, April 8th. Piper Sandler lowered their target price on shares of Fluence Energy from $10.00 to $4.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. downgraded shares of Fluence Energy from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $14.00 to $7.00 in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $8.12.

Insider Activity

In other news, Director Cynthia A. Arnold acquired 33,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was bought at an average cost of $5.90 per share, for a total transaction of $194,700.00. Following the completion of the transaction, the director now owns 86,202 shares of the company's stock, valued at $508,591.80. The trade was a 62.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.65% of the stock is owned by company insiders.

Institutional Trading of Fluence Energy

Several large investors have recently added to or reduced their stakes in the stock. Duff & Phelps Investment Management Co. boosted its holdings in Fluence Energy by 5.6% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 27,192 shares of the company's stock valued at $432,000 after acquiring an additional 1,432 shares in the last quarter. Lazard Freres Gestion S.A.S. boosted its holdings in shares of Fluence Energy by 7.3% during the 4th quarter. Lazard Freres Gestion S.A.S. now owns 22,180 shares of the company's stock valued at $352,000 after buying an additional 1,500 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Fluence Energy by 0.4% during the 4th quarter. Ameriprise Financial Inc. now owns 440,002 shares of the company's stock valued at $6,988,000 after buying an additional 1,734 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Fluence Energy by 1.4% during the 4th quarter. Swiss National Bank now owns 126,800 shares of the company's stock valued at $2,014,000 after buying an additional 1,800 shares in the last quarter. Finally, Altshuler Shaham Ltd bought a new stake in shares of Fluence Energy during the 4th quarter valued at $34,000. Institutional investors own 53.16% of the company's stock.

Fluence Energy Trading Up 13.1%

Shares of NASDAQ FLNC traded up $0.65 during mid-day trading on Tuesday, hitting $5.66. The stock had a trading volume of 9,139,857 shares, compared to its average volume of 3,684,488. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.57. Fluence Energy has a 1 year low of $3.46 and a 1 year high of $24.00. The business has a 50 day moving average price of $4.56 and a two-hundred day moving average price of $8.76. The firm has a market cap of $1.03 billion, a P/E ratio of -113.50 and a beta of 2.51.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.03). Fluence Energy had a negative return on equity of 0.36% and a negative net margin of 0.08%. The firm had revenue of $431.62 million during the quarter, compared to analysts' expectations of $328.17 million. During the same period in the previous year, the firm earned ($0.07) earnings per share. The firm's quarterly revenue was down 30.7% compared to the same quarter last year. On average, equities analysts anticipate that Fluence Energy will post 0.08 EPS for the current fiscal year.

About Fluence Energy

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.

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