Fluence Energy (NASDAQ:FLNC) Stock Price Up 10.2% – Should You Buy?

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) traded up 10.2% on Thursday . The company traded as high as $26.94 and last traded at $27.3910. 8,925,601 shares were traded during mid-day trading, an increase of 17% from the average session volume of 7,652,707 shares. The stock had previously closed at $24.85.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Citigroup increased their price target on Fluence Energy from $15.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Roth Mkm upgraded shares of Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, May 8th. Zacks Research upgraded shares of Fluence Energy from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Jefferies Financial Group set a $24.00 price target on shares of Fluence Energy in a research report on Monday, February 9th. Finally, HSBC raised shares of Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 price objective for the company in a research report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $19.47.

Fluence Energy Stock Down 15.6%

The stock has a 50 day moving average price of $17.24 and a 200 day moving average price of $19.25. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.91 and a current ratio of 1.43. The company has a market capitalization of $4.22 billion, a P/E ratio of -63.64 and a beta of 2.77.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02. The business had revenue of $464.89 million for the quarter, compared to analyst estimates of $614.93 million. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. Equities research analysts forecast that Fluence Energy, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Fluence Energy

In related news, Director Heynitz Harald Von sold 10,000 shares of Fluence Energy 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 completion of the sale, the director owned 63,550 shares of the company’s stock, valued at approximately $1,048,575. This trade represents a 13.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Qatar Investment Authority sold 2,867,172 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $21.00, for a total transaction of $60,210,612.00. Following the sale, the insider owned 11,801,103 shares in the company, valued at $247,823,163. The trade was a 19.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fluence Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Curio Wealth LLC purchased a new stake in shares of Fluence Energy in the 4th quarter valued at about $31,000. State of Wyoming purchased a new stake in Fluence Energy in the fourth quarter valued at approximately $36,000. GAMMA Investing LLC lifted its position in Fluence Energy by 22.2% during the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after purchasing an additional 437 shares during the last quarter. Sankala Group LLC purchased a new position in Fluence Energy in the 4th quarter worth approximately $51,000. Finally, EverSource Wealth Advisors LLC grew its stake in Fluence Energy by 31.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock worth $38,000 after buying an additional 672 shares in the last quarter. 53.16% of the stock is currently owned by institutional investors.

Fluence Energy Company Profile

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.