Fluence Energy (NASDAQ:FLNC) Stock Price Down 6.2% – Time to Sell?

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) fell 6.2% during trading on Monday . The stock traded as low as $22.40 and last traded at $22.6610. 3,890,291 shares changed hands during trading, a decline of 36% from the average session volume of 6,048,620 shares. The stock had previously closed at $24.16.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FLNC. The Goldman Sachs Group restated a “buy” rating and set a $22.00 target price on shares of Fluence Energy in a report on Thursday, May 7th. Bank of America set a $32.00 target price on Fluence Energy in a report on Tuesday, February 3rd. Royal Bank Of Canada increased their target price on Fluence Energy from $12.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday. Wall Street Zen cut Fluence Energy from a “hold” rating to a “sell” rating in a report on Saturday. Finally, UBS Group upped their price target on Fluence Energy from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Monday. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.47.

Fluence Energy Stock Up 3.9%

The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.91. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of -61.39 and a beta of 2.62. The firm has a 50 day moving average price of $15.06 and a 200-day moving average price of $18.93.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.02. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.64%.The business had revenue of $464.89 million for the quarter, compared to analyst estimates of $614.93 million. During the same quarter in the prior year, the firm posted ($0.24) earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities analysts predict that Fluence Energy, Inc. will post -0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fluence Energy news, Director Heynitz Harald Von sold 10,000 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total value of $165,000.00. Following the transaction, the director owned 63,550 shares of the company’s stock, valued at approximately $1,048,575. This represents a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Fluence Energy

Several hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP lifted its stake in Fluence Energy by 55.4% in the first quarter. First Trust Advisors LP now owns 1,131,468 shares of the company’s stock valued at $15,569,000 after buying an additional 403,199 shares during the period. KBC Group NV lifted its stake in Fluence Energy by 2.9% in the first quarter. KBC Group NV now owns 152,172 shares of the company’s stock valued at $2,094,000 after buying an additional 4,300 shares during the period. World Equity Group Inc. acquired a new position in Fluence Energy in the first quarter valued at about $261,000. Sanctuary Advisors LLC lifted its stake in Fluence Energy by 38.5% in the first quarter. Sanctuary Advisors LLC now owns 37,636 shares of the company’s stock valued at $518,000 after buying an additional 10,455 shares during the period. Finally, Bleakley Financial Group LLC lifted its stake in Fluence Energy by 10.2% in the first quarter. Bleakley Financial Group LLC now owns 23,846 shares of the company’s stock valued at $328,000 after buying an additional 2,203 shares during the period. Institutional investors and hedge funds own 53.16% of the company’s stock.

About Fluence Energy

Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.

The company’s core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.