Herman E. Bulls Buys 10,000 Shares of Fluence Energy, Inc. (NASDAQ:FLNC) Stock

Fluence Energy, Inc. (NASDAQ:FLNC) Director Herman E. Bulls bought 10,000 shares of Fluence Energy stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $5.41 per share, for a total transaction of $54,100.00. Following the completion of the acquisition, the director now directly owns 115,861 shares in the company, valued at $626,808.01. This represents a 9.45 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Fluence Energy Stock Performance

Shares of NASDAQ:FLNC opened at $5.60 on Friday. The firm’s 50 day simple moving average is $11.51 and its 200 day simple moving average is $16.90. Fluence Energy, Inc. has a fifty-two week low of $4.78 and a fifty-two week high of $26.12. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -112.00 and a beta of 2.49. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.57 and a quick ratio of 1.14.

Fluence Energy (NASDAQ:FLNC) last posted its earnings results on Monday, February 10th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.15). Fluence Energy had a negative return on equity of 0.36% and a negative net margin of 0.08%. As a group, sell-side analysts forecast that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Institutional Trading of Fluence Energy

Several hedge funds have recently added to or reduced their stakes in FLNC. Duff & Phelps Investment Management Co. increased its holdings in shares of Fluence Energy by 5.6% in 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 in the last quarter. US Bancorp DE grew its position in shares of Fluence Energy by 676.6% in the 3rd quarter. US Bancorp DE now owns 1,693 shares of the company’s stock valued at $38,000 after purchasing an additional 1,475 shares during the period. Lazard Freres Gestion S.A.S. increased its stake in Fluence Energy by 7.3% during the 4th 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 in the last quarter. KBC Group NV raised its holdings in 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 buying an additional 1,671 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Fluence Energy by 0.4% in the fourth quarter. Ameriprise Financial Inc. now owns 440,002 shares of the company’s stock valued at $6,988,000 after buying an additional 1,734 shares in the last quarter. Institutional investors and hedge funds own 53.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. The Goldman Sachs Group reduced their price objective on Fluence Energy from $26.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. BNP Paribas upgraded shares of Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 price target on the stock in a research report on Friday, November 8th. Wolfe Research cut shares of Fluence Energy from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 12th. Royal Bank of Canada lowered shares of Fluence Energy from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $25.00 to $7.00 in a research report on Wednesday, February 12th. Finally, Jefferies Financial Group lowered shares of Fluence Energy from a “buy” rating to a “hold” rating and lowered their price target for the company from $22.00 to $15.00 in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $14.34.

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.