Fluence Energy (NASDAQ:FLNC) Reaches New 1-Year Low – Here’s Why

Fluence Energy, Inc. (NASDAQ:FLNC) shares hit a new 52-week low on Monday . The stock traded as low as $4.63 and last traded at $4.78, with a volume of 855245 shares. The stock had previously closed at $4.98.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Piper Sandler lowered their price target on Fluence Energy from $20.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Royal Bank of Canada cut Fluence Energy from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $25.00 to $7.00 in a report on Wednesday, February 12th. Truist Financial dropped their target price on shares of Fluence Energy from $28.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Citigroup reduced their price target on shares of Fluence Energy from $24.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Finally, Roth Capital lowered shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.34.

Fluence Energy Trading Down 1.0 %

The company has a debt-to-equity ratio of 0.74, a current ratio of 1.57 and a quick ratio of 1.14. The business has a fifty day moving average of $7.80 and a 200-day moving average of $15.23. The stock has a market capitalization of $871.44 million, a price-to-earnings ratio of -96.00 and a beta of 2.49.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Monday, February 10th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.15). Fluence Energy had a negative return on equity of 0.36% and a negative net margin of 0.08%. On average, equities analysts anticipate that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Fluence Energy

In related news, Director Herman E. Bulls bought 10,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $5.41 per share, with a total value of $54,100.00. Following the completion of the transaction, the director now directly owns 115,861 shares of the company’s stock, valued at approximately $626,808.01. This trade represents a 9.45 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ahmed Pasha bought 15,500 shares of Fluence Energy stock in a transaction dated Friday, February 14th. The shares were bought at an average cost of $6.48 per share, with a total value of $100,440.00. Following the completion of the acquisition, the chief financial officer now owns 24,703 shares of the company’s stock, valued at $160,075.44. The trade was a 168.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 79,000 shares of company stock valued at $499,665. Corporate insiders own 0.65% of the company’s stock.

Institutional Investors Weigh In On Fluence Energy

A number of large investors have recently made changes to their positions in FLNC. Altshuler Shaham Ltd acquired a new position in Fluence Energy in the 4th quarter worth approximately $34,000. Point72 DIFC Ltd purchased a new position in shares of Fluence Energy during the third quarter valued at $74,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in Fluence Energy during the fourth quarter valued at $79,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Fluence Energy in the 3rd quarter worth about $87,000. Finally, Tower Research Capital LLC TRC grew its stake in Fluence Energy by 827.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,516 shares of the company’s stock valued at $88,000 after acquiring an additional 4,921 shares in the last quarter. Institutional investors and hedge funds own 53.16% of the company’s stock.

About Fluence Energy

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.