Fluence Energy (NASDAQ:FLNC) Shares Gap Up – Time to Buy?

by · The Cerbat Gem

Shares of Fluence Energy, Inc. (NASDAQ:FLNCGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $18.88, but opened at $23.42. Fluence Energy shares last traded at $24.1690, with a volume of 11,448,594 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on FLNC shares. Zacks Research raised shares of Fluence Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. The Goldman Sachs Group reiterated a “buy” rating and issued a $22.00 target price on shares of Fluence Energy in a report on Thursday, May 7th. Mizuho set a $13.00 target price on Fluence Energy in a research report on Friday, February 6th. Royal Bank Of Canada upped their price target on Fluence Energy from $12.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Monday, May 11th. Finally, BMO Capital Markets restated a “market perform” rating and set a $15.00 price target on shares of Fluence Energy in a research report on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $19.47.

Get Our Latest Stock Report on FLNC

Fluence Energy Stock Up 31.0%

The business’s fifty day moving average is $16.22 and its two-hundred day moving average is $18.99. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of -68.96 and a beta of 2.76. The company has a quick ratio of 0.91, a current ratio of 1.43 and a debt-to-equity ratio of 0.85.

Fluence Energy (NASDAQ:FLNCGet Free Report) last released its earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. The company had revenue of $464.89 million for the quarter, compared to analyst estimates of $614.93 million. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.24) EPS. Equities analysts forecast that Fluence Energy, Inc. will post -0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Qatar Investment Authority sold 2,867,172 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $21.00, for a total transaction of $60,210,612.00. Following the completion of the transaction, the insider directly owned 11,801,103 shares of the company’s stock, valued at $247,823,163. The trade was a 19.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Heynitz Harald Von sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total value of $165,000.00. Following the sale, the director owned 63,550 shares in the company, valued at approximately $1,048,575. This trade represents a 13.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Fluence Energy by 1,441.8% in the 1st quarter. AQR Capital Management LLC now owns 900,674 shares of the company’s stock valued at $4,368,000 after purchasing an additional 842,257 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Fluence Energy during the 1st quarter worth $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Fluence Energy by 2.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company’s stock worth $575,000 after purchasing an additional 3,364 shares in the last quarter. Goldman Sachs Group Inc. grew its stake 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 purchasing an additional 2,076,668 shares in the last quarter. Finally, Strs Ohio purchased a new position in Fluence Energy in the first quarter valued at $93,000. Hedge funds and other institutional investors own 53.16% of the company’s stock.

About Fluence Energy

(Get Free Report)

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.

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