Fluence Energy, Inc. (NASDAQ:FLNC) CEO Julian Nebreda Acquires 23,500 Shares

Fluence Energy, Inc. (NASDAQ:FLNC) CEO Julian Nebreda bought 23,500 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $6.35 per share, for a total transaction of $149,225.00. Following the transaction, the chief executive officer now owns 120,455 shares of the company’s stock, valued at approximately $764,889.25. This represents a 24.24 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Fluence Energy Trading Up 4.0 %

FLNC stock opened at $6.43 on Tuesday. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 49.46, a PEG ratio of 0.49 and a beta of 2.37. The firm’s 50-day moving average price is $14.36 and its two-hundred day moving average price is $17.88. Fluence Energy, Inc. has a 12-month low of $6.05 and a 12-month high of $26.12.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings results on Monday, February 10th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.15). Fluence Energy had a net margin of 0.89% and a return on equity of 4.10%. Equities analysts predict that Fluence Energy, Inc. will post 0.48 EPS for the current year.

Institutional Trading of Fluence Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Duff & Phelps Investment Management Co. raised its holdings in Fluence Energy by 5.6% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 27,192 shares of the company’s stock worth $432,000 after purchasing an additional 1,432 shares in the last quarter. US Bancorp DE increased its position in shares of Fluence Energy by 676.6% during the third quarter. US Bancorp DE now owns 1,693 shares of the company’s stock valued at $38,000 after buying an additional 1,475 shares during the period. Lazard Freres Gestion S.A.S. lifted its holdings in Fluence Energy by 7.3% in the fourth quarter. Lazard Freres Gestion S.A.S. now owns 22,180 shares of the company’s stock worth $352,000 after buying an additional 1,500 shares during the period. Blue Trust Inc. boosted its position in Fluence Energy by 45.3% during the 3rd quarter. Blue Trust Inc. now owns 4,821 shares of the company’s stock valued at $109,000 after acquiring an additional 1,502 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Fluence Energy by 1.6% during the 4th quarter. KBC Group NV now owns 108,296 shares of the company’s stock worth $1,720,000 after acquiring an additional 1,671 shares during the period. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on FLNC shares. Citigroup dropped their price objective on Fluence Energy from $24.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. The Goldman Sachs Group cut their price objective on shares of Fluence Energy from $26.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Robert W. Baird reaffirmed a “neutral” rating and set a $20.00 target price (down previously from $24.00) on shares of Fluence Energy in a report on Wednesday, December 18th. Jefferies Financial Group downgraded shares of Fluence Energy from a “buy” rating to a “hold” rating and cut their price target for the company from $22.00 to $15.00 in a report on Wednesday, January 22nd. Finally, Piper Sandler decreased their price target on shares of Fluence Energy from $20.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.64.

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.