Fluence Energy (NASDAQ:FLNC) Director Sells $125,000.00 in Stock

Fluence Energy, Inc. (NASDAQ:FLNC) Director Heynitz Harald Von sold 5,000 shares of the stock in a transaction dated 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 approximately $1,463,750. This represents a 7.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Heynitz Harald Von also recently made the following trade(s):

• On Wednesday, March 18th, Heynitz Harald Von sold 10,000 shares of Fluence Energy stock. The stock was sold at an average price of $16.50, for a total transaction of $165,000.00.

Fluence Energy Trading Up 5.9%

Shares of FLNC stock opened at $24.80 on Friday. Fluence Energy, Inc. has a 52-week low of $5.42 and a 52-week high of $33.51. 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 50-day simple moving average of $19.07 and a two-hundred day simple moving average of $19.68. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of -68.89 and a beta of 2.77.

Fluence Energy (NASDAQ:FLNC) last posted its earnings results on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The firm had revenue of $464.89 million for the quarter, compared to analysts’ expectations of $614.93 million. During the same quarter last year, the firm earned ($0.24) EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Research analysts anticipate that Fluence Energy, Inc. will post -0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FLNC has been the topic of a number of recent analyst reports. Needham & Company LLC began coverage on Fluence Energy in a report on Friday, March 20th. They set a “hold” rating on the stock. Canaccord Genuity Group set a $28.00 price objective on Fluence Energy in a research note on Friday, May 8th. Zacks Research raised Fluence Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. lifted their target price on Fluence Energy from $13.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Roth Mkm raised shares of Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Friday, May 8th. Five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $19.47.

Institutional Trading of Fluence Energy

A number of institutional investors have recently modified their holdings of the business. Dragoneer Investment Group LLC bought a new position in Fluence Energy in the 3rd quarter worth approximately $65,883,000. Goldman Sachs Group Inc. lifted its position in shares of Fluence Energy by 189.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after acquiring an additional 2,076,668 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Fluence Energy by 24.4% during the first quarter. Bank of America Corp DE now owns 3,085,730 shares of the company’s stock worth $42,460,000 after acquiring an additional 604,983 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Fluence Energy by 5,489.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock worth $60,247,000 after acquiring an additional 2,991,292 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Fluence Energy by 65.2% in the fourth quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock worth $51,940,000 after acquiring an additional 1,036,423 shares during the period. 53.16% of the stock is currently owned by hedge funds and other 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.