Traders Purchase Large Volume of Call Options on Fluence Energy (NASDAQ:FLNC)

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) saw unusually large options trading activity on Tuesday. Investors purchased 8,213 call options on the company. This represents an increase of 60% compared to the average volume of 5,133 call options.

Insider Transactions at Fluence Energy

In other Fluence Energy news, Director Cynthia A. Arnold purchased 33,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average cost of $5.90 per share, with a total value of $194,700.00. Following the completion of the purchase, the director now directly owns 86,202 shares in the company, valued at approximately $508,591.80. This represents a 62.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Prescott Group Capital Management L.L.C. acquired a new stake in Fluence Energy in the fourth quarter valued at $1,429,000. Millennium Management LLC lifted its stake in Fluence Energy by 257.2% in the fourth quarter. Millennium Management LLC now owns 720,828 shares of the company's stock valued at $11,447,000 after acquiring an additional 519,049 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Fluence Energy in the fourth quarter valued at $1,221,000. Erste Asset Management GmbH lifted its stake in Fluence Energy by 15.5% in the fourth quarter. Erste Asset Management GmbH now owns 1,111,629 shares of the company's stock valued at $18,058,000 after acquiring an additional 148,857 shares during the last quarter. Finally, Trexquant Investment LP lifted its stake in Fluence Energy by 577.5% in the fourth quarter. Trexquant Investment LP now owns 876,463 shares of the company's stock valued at $13,918,000 after acquiring an additional 747,103 shares during the last quarter. Institutional investors and hedge funds own 53.16% of the company's stock.

Fluence Energy Stock Up 4.7%

FLNC traded up $0.26 during trading hours on Friday, hitting $5.83. 9,036,284 shares of the company's stock were exchanged, compared to its average volume of 3,744,699. Fluence Energy has a 1-year low of $3.46 and a 1-year high of $24.00. The stock's 50-day moving average is $4.68 and its two-hundred day moving average is $8.54. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -26.50 and a beta of 2.51. The company has a quick ratio of 0.99, a current ratio of 1.51 and a debt-to-equity ratio of 0.78.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last announced 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 4.40% and a negative net margin of 1.10%. The business had revenue of $431.62 million for the quarter, compared to analyst estimates of $328.17 million. During the same quarter in the previous year, the company posted ($0.07) EPS. The business's revenue for the quarter was down 30.7% compared to the same quarter last year. Sell-side analysts predict that Fluence Energy will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FLNC. Morgan Stanley boosted their price target on shares of Fluence Energy from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Piper Sandler dropped their price target on shares of Fluence Energy from $10.00 to $4.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Canaccord Genuity Group dropped their price target on shares of Fluence Energy from $14.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Mizuho dropped their price target on shares of Fluence Energy from $7.00 to $6.00 and set an "outperform" rating for the company in a research note on Monday, June 2nd. Finally, Susquehanna dropped their price target on shares of Fluence Energy from $10.00 to $8.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $8.12.

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.