Fluence Energy, Inc. (NASDAQ:FLNC) Sees Significant Growth in Short Interest

Fluence Energy, Inc. (NASDAQ:FLNC) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 15,640,000 shares, an increase of 8.9% from the December 31st total of 14,360,000 shares. Based on an average trading volume of 2,600,000 shares, the short-interest ratio is currently 6.0 days.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FLNC shares. Royal Bank of Canada cut their price objective on Fluence Energy from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Jefferies Financial Group cut Fluence Energy from a “buy” rating to a “hold” rating and decreased their price target for the stock from $22.00 to $15.00 in a research note on Wednesday, January 22nd. Guggenheim restated a “buy” rating and set a $26.00 price target on shares of Fluence Energy in a report on Friday, December 6th. BNP Paribas raised shares of Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 target price on the stock in a research note on Friday, November 8th. Finally, Piper Sandler boosted their price objective on shares of Fluence Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.60.

Fluence Energy Trading Down 4.1 %

Shares of NASDAQ:FLNC opened at $12.48 on Tuesday. The stock has a 50 day moving average of $16.08 and a 200 day moving average of $18.34. The company has a market cap of $2.26 billion, a PE ratio of 96.00, a price-to-earnings-growth ratio of 0.51 and a beta of 2.37. Fluence Energy has a 12-month low of $12.43 and a 12-month high of $26.12.

Fluence Energy (NASDAQ:FLNC) last issued its earnings results on Monday, November 25th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.11. Fluence Energy had a net margin of 0.89% and a return on equity of 4.10%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business earned $0.02 earnings per share. Fluence Energy’s revenue for the quarter was up 82.5% on a year-over-year basis. Equities research analysts predict that Fluence Energy will post 0.48 earnings per share for the current fiscal year.

Insider Activity

In other Fluence Energy news, Director Herman E. Bulls acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $15.57 per share, for a total transaction of $155,700.00. Following the acquisition, the director now directly owns 75,861 shares in the company, valued at $1,181,155.77. This represents a 15.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.65% of the company’s stock.

Institutional Investors Weigh In On Fluence Energy

Several large investors have recently bought and sold shares of the business. Sanders Morris Harris LLC bought a new stake in shares of Fluence Energy during the 4th quarter worth approximately $812,000. SG Americas Securities LLC raised its stake in shares of Fluence Energy by 79.2% during the 4th quarter. SG Americas Securities LLC now owns 48,883 shares of the company’s stock worth $776,000 after acquiring an additional 21,597 shares in the last quarter. FMR LLC increased its position in Fluence Energy by 9.0% during the 3rd quarter. FMR LLC now owns 1,606,100 shares of the company’s stock valued at $36,475,000 after buying an additional 132,868 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Fluence Energy in the 3rd quarter worth approximately $5,742,000. Finally, Erste Asset Management GmbH purchased a new position in Fluence Energy in the 3rd quarter worth $22,059,000. Institutional investors own 53.16% of the company’s stock.

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.