Zacks Research Downgrades Fluence Energy (NASDAQ:FLNC) to Hold

Fluence Energy (NASDAQ:FLNC) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

FLNC has been the topic of a number of other research reports. Wall Street Zen cut shares of Fluence Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Royal Bank Of Canada cut their price target on shares of Fluence Energy from $16.00 to $15.00 and set a “sector perform” rating for the company in a research report on Friday, August 7th. HSBC raised Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 price objective on the stock in a research note on Friday, May 8th. Glj Research initiated coverage on Fluence Energy in a report on Wednesday, July 1st. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, Canaccord Genuity Group set a $24.00 target price on Fluence Energy in a research note on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Fluence Energy presently has an average rating of “Hold” and a consensus target price of $18.79.

Fluence Energy Stock Up 0.2%

Shares of FLNC opened at $13.22 on Wednesday. The firm has a market cap of $2.44 billion, a P/E ratio of -21.67 and a beta of 2.78. The stock has a 50 day simple moving average of $17.50 and a two-hundred day simple moving average of $17.89. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.34 and a quick ratio of 0.89. Fluence Energy has a 1 year low of $6.60 and a 1 year high of $33.51.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.24) EPS for the quarter. The business had revenue of $649.85 million for the quarter, compared to analysts’ expectations of $818.57 million. Fluence Energy had a negative return on equity of 16.79% and a negative net margin of 3.13%.The company’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $0.01 earnings per share. On average, analysts forecast that Fluence Energy will post -0.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, Director Heynitz Harald Von sold 5,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $25.00, for a total transaction of $125,000.00. Following the completion of the sale, the director owned 58,550 shares of the company’s stock, valued at $1,463,750. This represents a 7.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP John Zahurancik sold 15,974 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $22.03, for a total transaction of $351,907.22. Following the completion of the sale, the senior vice president directly owned 71,171 shares in the company, valued at approximately $1,567,897.13. This trade represents a 18.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 36,974 shares of company stock valued at $879,787 in the last three months. 0.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Fluence Energy

Large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its holdings in Fluence Energy by 5,489.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock valued at $60,247,000 after purchasing an additional 2,991,292 shares during the period. Goldman Sachs Group Inc. raised its position in Fluence Energy by 189.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after purchasing an additional 2,076,668 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Fluence Energy in the 1st quarter worth approximately $19,579,000. Jacobs Levy Equity Management Inc. purchased a new stake in Fluence Energy in the 3rd quarter worth approximately $14,207,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Fluence Energy in the 3rd quarter worth approximately $12,901,000. 53.16% of the stock is owned by institutional investors.

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.