Fluence Energy (NASDAQ:FLNC) Shares Gap Down – Here’s What Happened

by · The Markets Daily

Fluence Energy, Inc. (NASDAQ:FLNC – Get Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $16.20, but opened at $14.66. Fluence Energy shares last traded at $15.5750, with a volume of 2,792,853 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group boosted their price objective on shares of Fluence Energy from $8.00 to $9.00 and gave the company a “sell” rating in a report on Monday, May 11th. BMO Capital Markets reissued a “market perform” rating and set a $15.00 price target on shares of Fluence Energy in a research report on Wednesday, April 29th. Glj Research began coverage on shares of Fluence Energy in a report on Wednesday, July 1st. They issued a “buy” rating and a $26.00 price target for the company. Royal Bank Of Canada raised their price objective 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, JPMorgan Chase & Co. lifted their target price on Fluence Energy from $13.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.83.

Get Our Latest Stock Analysis on FLNC

Fluence Energy Stock Performance

The stock has a fifty day moving average of $20.60 and a 200-day moving average of $19.45. The firm has a market capitalization of $2.75 billion, a P/E ratio of -41.42 and a beta of 2.75. 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:FLNC – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $614.93 million. During the same quarter in the prior year, the firm posted ($0.24) EPS. The business’s revenue was up 7.7% on a year-over-year basis. On average, research analysts anticipate that Fluence Energy, Inc. will post -0.22 EPS for the current year.

Insider Transactions at Fluence Energy

In other Fluence Energy news, SVP John Zahurancik sold 16,000 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $25.18, for a total value of $402,880.00. Following the transaction, the senior vice president directly owned 87,145 shares in the company, valued at $2,194,311.10. The trade was a 15.51% decrease 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Qatar Investment Authority sold 2,867,172 shares of the stock in a transaction dated Friday, May 15th. The shares were 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 in the company, valued at $247,823,163. The trade was a 19.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,904,146 shares of company stock worth $61,090,399. 0.69% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fluence Energy

Hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc grew its holdings in Fluence Energy by 882.1% in the 4th quarter. Legal & General Group Plc now owns 738,898 shares of the company’s stock valued at $14,615,000 after buying an additional 663,660 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of Fluence Energy during the third quarter worth $4,062,000. Dragoneer Investment Group LLC bought a new stake in shares of Fluence Energy in the third quarter valued at about $65,883,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Fluence Energy by 493.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 445,350 shares of the company’s stock valued at $8,809,000 after acquiring an additional 370,350 shares during the period. Finally, UBS Group AG grew its stake in shares of Fluence Energy by 65.2% in the fourth quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock valued at $51,940,000 after acquiring an additional 1,036,423 shares in the last quarter. 53.16% of the stock is currently owned by institutional investors and hedge funds.

Fluence Energy Company Profile

(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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