Fluence Energy (NASDAQ:FLNC) Shares Gap Up Following Analyst Upgrade

Fluence Energy, Inc. (NASDAQ:FLNC) shares gapped up prior to trading on Wednesday after Citigroup upgraded the stock from a neutral rating to a buy rating. The stock had previously closed at $15.28, but opened at $15.87. Citigroup now has a $24.00 price target on the stock. Fluence Energy shares last traded at $15.2490, with a volume of 2,460,341 shares.

A number of other analysts have also recently commented on FLNC. Roth Capital upgraded Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, May 8th. Glj Research began coverage on Fluence Energy in a research note on Wednesday, July 1st. They issued a “buy” rating and a $26.00 price target on the stock. Wall Street Zen cut shares of Fluence Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. upped their target price on Fluence Energy from $13.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Barclays cut their price target on shares of Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Fluence Energy has an average rating of “Hold” and an average price target of $19.53.

Insiders Place Their Bets

In other Fluence Energy news, SVP John Zahurancik sold 15,974 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $22.03, for a total transaction of $351,907.22. Following the sale, the senior vice president directly owned 71,171 shares in the company, valued at $1,567,897.13. This represents a 18.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Heynitz Harald Von sold 5,000 shares of Fluence Energy stock in a transaction on Monday, June 15th. The shares were sold at an average price of $25.00, for a total value of $125,000.00. Following the completion of the transaction, the director owned 58,550 shares of the company’s stock, valued at approximately $1,463,750. This trade represents a 7.87% decrease in their ownership of the stock. 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 2,904,146 shares of company stock worth $61,090,399 in the last ninety days. 0.69% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fluence Energy

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

Fluence Energy Stock Down 0.4%

The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of -42.27 and a beta of 2.75. 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’s 50-day simple moving average is $20.34 and its two-hundred day simple moving average is $19.13.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping 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 1.62%.The firm had revenue of $464.89 million during the quarter, compared to analysts’ expectations of $614.93 million. During the same period in the previous year, the firm posted ($0.24) earnings per share. Fluence Energy’s revenue was up 7.7% on a year-over-year basis. Sell-side analysts predict that Fluence Energy, Inc. will post -0.18 EPS for the current fiscal year.

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.