Fluence Energy (NASDAQ:FLNC) Lowered to Neutral Rating by Roth Mkm

Roth Mkm cut shares of Fluence Energy (NASDAQ:FLNC) from a buy rating to a neutral rating in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage currently has $6.50 price target on the stock, down from their prior price target of $20.00.

A number of other equities research analysts also recently weighed in on FLNC. Guggenheim downgraded Fluence Energy from a “buy” rating to a “sell” rating and reduced their target price for the company from $26.00 to $6.00 in a report on Tuesday. Canaccord Genuity Group decreased their target price on Fluence Energy from $37.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. Jefferies Financial Group downgraded Fluence Energy from a “buy” rating to a “hold” rating and lowered their target price for the stock from $22.00 to $15.00 in a research note on Wednesday, January 22nd. BMO Capital Markets downgraded shares of Fluence Energy from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $22.00 to $10.00 in a research note on Tuesday. Finally, Susquehanna upped their price objective on shares of Fluence Energy from $23.00 to $28.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.21.

Fluence Energy Stock Down 6.7 %

FLNC stock opened at $6.53 on Wednesday. The company has a market cap of $1.18 billion, a PE ratio of 50.23, a price-to-earnings-growth ratio of 0.49 and a beta of 2.37. Fluence Energy has a 52 week low of $6.35 and a 52 week high of $26.12. The business has a 50-day simple moving average of $15.03 and a 200 day simple moving average of $18.07.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Monday, February 10th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.15). Fluence Energy had a return on equity of 4.10% and a net margin of 0.89%. On average, analysts anticipate that Fluence Energy will post 0.48 EPS for the current fiscal year.

Insider Transactions at Fluence Energy

In other news, Director Herman E. Bulls acquired 10,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $15.57 per share, for a total transaction of $155,700.00. Following the completion of the transaction, the director now directly owns 75,861 shares in the company, valued at $1,181,155.77. This represents a 15.18 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.65% of the company’s stock.

Institutional Trading of Fluence Energy

Institutional investors have recently bought and sold shares of the company. Sanders Morris Harris LLC bought a new position in shares of Fluence Energy in the 4th quarter worth about $812,000. SG Americas Securities LLC increased its holdings in Fluence Energy by 79.2% in the fourth quarter. SG Americas Securities LLC now owns 48,883 shares of the company’s stock worth $776,000 after purchasing an additional 21,597 shares in the last quarter. FMR LLC lifted its stake in Fluence Energy by 9.0% in the third quarter. FMR LLC now owns 1,606,100 shares of the company’s stock valued at $36,475,000 after buying an additional 132,868 shares during the period. Cidel Asset Management Inc. acquired a new position in Fluence Energy in the fourth quarter valued at approximately $350,000. Finally, Principal Financial Group Inc. bought a new position in shares of Fluence Energy during the 3rd quarter worth approximately $5,742,000. Institutional investors own 53.16% of the company’s stock.

Fluence Energy Company Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.