Fluence Energy (NASDAQ:FLNC) Downgraded to Strong Sell Rating by Zacks Research

by · The Cerbat Gem

Zacks Research lowered shares of Fluence Energy (NASDAQ:FLNC – Free Report) from a hold rating to a strong sell rating in a research report sent to investors on Thursday,Zacks reports.

FLNC has been the subject of a number of other research reports. Roth Capital set a $18.00 price target on Fluence Energy in a research note on Friday, August 7th. Glj Research lowered shares of Fluence Energy from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $26.00 to $12.89 in a report on Thursday, August 20th. UBS Group raised shares of Fluence Energy from a “sell” rating to a “neutral” rating and raised their target price for the stock from $9.00 to $12.00 in a research report on Tuesday, August 25th. Barclays lowered shares of Fluence Energy from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $16.00 to $10.00 in a research note on Thursday, September 3rd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Fluence Energy in a report on Wednesday, August 5th. Six investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fluence Energy presently has a consensus rating of “Hold” and a consensus target price of $16.89.

Check Out Our Latest Report on Fluence Energy

Fluence Energy Stock Up 2.5%

Shares of NASDAQ:FLNC opened at $9.93 on Thursday. Fluence Energy has a 1 year low of $6.79 and a 1 year high of $33.51. The company has a market cap of $1.83 billion, a PE ratio of -16.28 and a beta of 2.74. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.34 and a quick ratio of 0.89. The stock’s 50-day moving average is $12.97 and its 200 day moving average is $16.17.

Fluence Energy (NASDAQ:FLNC – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.24) earnings per share for the quarter. Fluence Energy had a negative return on equity of 16.79% and a negative net margin of 3.13%.The business had revenue of $649.85 million during the quarter, compared to analysts’ expectations of $818.57 million. During the same quarter last year, the business posted $0.01 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts anticipate that Fluence Energy will post -0.51 EPS for the current year.

Insider Transactions at Fluence Energy

In related news, SVP John Zahurancik sold 15,974 shares of Fluence Energy stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $22.03, for a total transaction of $351,907.22. Following the completion of the transaction, the senior vice president directly owned 71,171 shares of the company’s stock, valued at $1,567,897.13. This trade represents a 18.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Harald von Heynitz sold 5,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the sale, the director directly owned 58,550 shares in the company, valued at $1,463,750. The trade was a 7.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 36,974 shares of company stock worth $879,787 over the last ninety days. Insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Fluence Energy

Several large investors have recently made changes to their positions in the business. AQR Capital Management LLC grew its stake 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 worth $4,368,000 after buying an additional 842,257 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Fluence Energy in the first quarter worth $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 valued at $575,000 after acquiring an additional 3,364 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings 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 valued at $15,380,000 after acquiring an additional 2,076,668 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Fluence Energy in the 1st quarter worth about $93,000. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

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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