Brokerages Set Fluence Energy, Inc. (NASDAQ:FLNC) PT at $14.34

Fluence Energy, Inc. (NASDAQ:FLNC) has been given an average recommendation of “Hold” by the twenty-five brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $14.34.

A number of research analysts have commented on the company. Piper Sandler decreased their price objective on Fluence Energy from $20.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Baird R W lowered Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Truist Financial reduced their target price on Fluence Energy from $28.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Susquehanna reduced their target price on Fluence Energy from $23.00 to $10.00 and set a “positive” rating on the stock in a report on Wednesday, February 12th. Finally, Wolfe Research lowered Fluence Energy from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 12th.

Insider Buying and Selling at Fluence Energy

In related news, Director Herman E. Bulls acquired 10,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $15.57 per share, for a total transaction of $155,700.00. Following the completion of the transaction, the director now directly owns 75,861 shares of the company’s stock, valued at $1,181,155.77. The trade was a 15.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Julian Nebreda acquired 23,500 shares of the stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $6.35 per share, with a total value of $149,225.00. Following the completion of the transaction, the chief executive officer now directly owns 120,455 shares of the company’s stock, valued at $764,889.25. The trade was a 24.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 89,000 shares of company stock worth $655,365. 0.65% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fluence Energy

A number of hedge funds have recently made changes to their positions in the stock. Duff & Phelps Investment Management Co. raised its position in shares of Fluence Energy by 5.6% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 27,192 shares of the company’s stock worth $432,000 after acquiring an additional 1,432 shares during the last quarter. US Bancorp DE grew its stake in Fluence Energy by 676.6% during the third quarter. US Bancorp DE now owns 1,693 shares of the company’s stock worth $38,000 after purchasing an additional 1,475 shares during the period. Lazard Freres Gestion S.A.S. grew its stake in Fluence Energy by 7.3% during the fourth quarter. Lazard Freres Gestion S.A.S. now owns 22,180 shares of the company’s stock worth $352,000 after purchasing an additional 1,500 shares during the period. KBC Group NV grew its stake in Fluence Energy by 1.6% during the fourth quarter. KBC Group NV now owns 108,296 shares of the company’s stock worth $1,720,000 after purchasing an additional 1,671 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Fluence Energy by 0.4% during the fourth quarter. Ameriprise Financial Inc. now owns 440,002 shares of the company’s stock worth $6,988,000 after purchasing an additional 1,734 shares during the period. 53.16% of the stock is currently owned by institutional investors.

Fluence Energy Stock Performance

Shares of NASDAQ FLNC opened at $5.66 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.57 and a quick ratio of 1.14. The stock’s fifty day moving average price is $9.68 and its two-hundred day moving average price is $16.15. Fluence Energy has a one year low of $4.79 and a one year high of $26.12. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -113.20 and a beta of 2.49.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings data 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 negative net margin of 0.08% and a negative return on equity of 0.36%. On average, equities analysts forecast that Fluence Energy will post 0.08 EPS for the current 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.