Short Interest in Fluence Energy, Inc. (NASDAQ:FLNC) Expands By 48.8%

Fluence Energy, Inc. (NASDAQ:FLNC) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 14,360,000 shares, an increase of 48.8% from the November 30th total of 9,650,000 shares. Based on an average trading volume of 2,510,000 shares, the days-to-cover ratio is presently 5.7 days.

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, Director Herman E. Bulls bought 10,000 shares of Fluence Energy 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 purchase, the director now owns 75,861 shares of the company’s stock, valued at $1,181,155.77. The trade was a 15.18 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Institutional Trading of Fluence Energy

Institutional investors have recently modified their holdings of the business. PARK CIRCLE Co bought a new position in Fluence Energy during the 2nd quarter worth approximately $28,000. US Bancorp DE lifted its holdings in Fluence Energy by 676.6% in 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. CWM LLC boosted its position in Fluence Energy by 164.4% during the third quarter. CWM LLC now owns 2,842 shares of the company’s stock valued at $65,000 after acquiring an additional 1,767 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in Fluence Energy during the 3rd quarter worth about $74,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Fluence Energy in the 3rd quarter worth about $87,000. Institutional investors own 53.16% of the company’s stock.

Fluence Energy Price Performance

Shares of NASDAQ FLNC traded down $0.24 during mid-day trading on Monday, hitting $16.00. 338,835 shares of the stock traded hands, compared to its average volume of 2,355,843. Fluence Energy has a twelve month low of $12.74 and a twelve month high of $26.12. The firm has a 50 day simple moving average of $19.09 and a two-hundred day simple moving average of $18.89. The company has a market cap of $2.90 billion, a PE ratio of 123.08, a price-to-earnings-growth ratio of 0.54 and a beta of 2.39.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Monday, November 25th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.11. Fluence Energy had a return on equity of 4.10% and a net margin of 0.89%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm posted $0.02 earnings per share. The firm’s revenue was up 82.5% compared to the same quarter last year. On average, equities research analysts anticipate that Fluence Energy will post 0.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FLNC. Robert W. Baird reissued a “neutral” rating and issued a $20.00 price objective (down from $24.00) on shares of Fluence Energy in a research report on Wednesday, December 18th. BMO Capital Markets raised their price objective on shares of Fluence Energy from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Canaccord Genuity Group decreased their target price on Fluence Energy from $37.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. Bank of America reduced their price target on Fluence Energy from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, BNP Paribas upgraded Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 price objective on the stock in a research report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $26.65.

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.