Robert W. Baird Lowers Fluence Energy (NASDAQ:FLNC) Price Target to $5.00

Fluence Energy (NASDAQ:FLNC) had its price objective lowered by equities researchers at Robert W. Baird from $9.00 to $5.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 23.15% from the company’s current price.

A number of other research analysts also recently weighed in on FLNC. Guggenheim downgraded shares of 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 research report on Tuesday, February 11th. Bank of America lowered shares of Fluence Energy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $8.00 in a research report on Thursday, February 13th. Roth Mkm cut shares of Fluence Energy from a “buy” rating to a “neutral” rating and lowered their target price for the company from $20.00 to $6.50 in a report on Wednesday, February 12th. Canaccord Genuity Group dropped their target price on Fluence Energy from $34.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Finally, Mizuho started coverage on Fluence Energy in a research report on Wednesday, March 5th. They issued an “outperform” rating and a $8.00 price target for the company. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.81.

Fluence Energy Trading Down 2.4 %

Shares of FLNC stock opened at $4.06 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.57. The company has a market capitalization of $737.09 million, a price-to-earnings ratio of -81.20 and a beta of 2.48. Fluence Energy has a 52-week low of $3.63 and a 52-week high of $26.12. The company has a 50-day simple moving average of $5.84 and a two-hundred day simple moving average of $13.91.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Monday, February 10th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.15). Fluence Energy had a negative net margin of 0.08% and a negative return on equity of 0.36%. Research analysts anticipate that Fluence Energy will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Fluence Energy

A number of large investors have recently modified their holdings of the stock. HighTower Advisors LLC boosted its position in Fluence Energy by 28.6% during the 3rd quarter. HighTower Advisors LLC now owns 18,865 shares of the company’s stock valued at $428,000 after acquiring an additional 4,190 shares in the last quarter. Morse Asset Management Inc bought a new position in Fluence Energy in the third quarter worth $175,000. Barclays PLC lifted its position in Fluence Energy by 296.8% during the third quarter. Barclays PLC now owns 181,766 shares of the company’s stock valued at $4,127,000 after buying an additional 135,957 shares during the period. Geode Capital Management LLC grew its position in shares of Fluence Energy by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,508,003 shares of the company’s stock worth $34,253,000 after buying an additional 60,633 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Fluence Energy by 11.8% in the 3rd quarter. Franklin Resources Inc. now owns 166,613 shares of the company’s stock worth $3,644,000 after acquiring an additional 17,551 shares in the last quarter. 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.