Mizuho restated their neutral rating on shares of Fluence Energy (NASDAQ:FLNC - Free Report) in a research report sent to investors on Monday morning, MarketBeat.com reports. The firm currently has a $10.00 target price on the stock, up from their prior target price of $6.00.
Several other research firms also recently weighed in on FLNC. Jefferies Financial Group reissued an "underperform" rating and set a $6.00 price objective on shares of Fluence Energy in a report on Friday, July 11th. UBS Group raised their price objective on Fluence Energy from $4.50 to $6.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. HSBC lowered Fluence Energy from a "buy" rating to a "hold" rating and set a $4.00 target price for the company. in a research report on Monday, April 28th. 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 report on Tuesday, April 15th. Finally, Piper Sandler lowered their target price on Fluence Energy from $10.00 to $4.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Fluence Energy currently has a consensus rating of "Hold" and an average target price of $7.78.
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Fluence Energy Price Performance
Shares of FLNC traded up $0.03 during trading hours on Monday, reaching $8.30. The stock had a trading volume of 1,622,790 shares, compared to its average volume of 3,925,575. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 1.51. Fluence Energy has a 12 month low of $3.46 and a 12 month high of $24.00. The stock has a market capitalization of $1.51 billion, a PE ratio of -37.84 and a beta of 2.65. The company's 50-day moving average is $5.94 and its two-hundred day moving average is $7.42.
Fluence Energy (NASDAQ:FLNC - Get Free Report) last released 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). Fluence Energy had a negative net margin of 1.10% and a negative return on equity of 4.40%. The firm had revenue of $431.62 million for the quarter, compared to analyst estimates of $328.17 million. During the same period last year, the business earned ($0.07) EPS. The company's revenue was down 30.7% compared to the same quarter last year. Research analysts expect that Fluence Energy will post 0.08 EPS for the current year.
Insider Buying and Selling
In other news, Director Cynthia A. Arnold bought 33,000 shares of Fluence Energy stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average price of $5.90 per share, with a total value of $194,700.00. Following the completion of the purchase, the director directly owned 86,202 shares in the company, valued at $508,591.80. The trade was a 62.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.65% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC bought a new position in shares of Fluence Energy during the second quarter valued at about $30,000. Altshuler Shaham Ltd bought a new position in shares of Fluence Energy during the fourth quarter valued at about $34,000. SBI Securities Co. Ltd. grew its stake in shares of Fluence Energy by 462.6% during the first quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company's stock valued at $39,000 after buying an additional 6,648 shares during the last quarter. TFB Advisors LLC bought a new position in shares of Fluence Energy during the first quarter valued at about $53,000. Finally, Voleon Capital Management LP bought a new position in shares of Fluence Energy during the first quarter valued at about $55,000. Institutional investors own 53.16% of the company's stock.
Fluence Energy Company Profile
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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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