Fluence Energy, Inc. (NASDAQ:FLNC) Given Average Rating of “Moderate Buy” by Analysts

Fluence Energy, Inc. (NASDAQ:FLNC) has been assigned a consensus rating of “Moderate Buy” from the twenty-one analysts that are covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $26.65.

Several research analysts have weighed in on the company. Robert W. Baird reaffirmed a “neutral” rating and set a $20.00 price target (down previously from $24.00) on shares of Fluence Energy in a research report on Wednesday, December 18th. Citigroup lowered shares of Fluence Energy from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $32.00 to $24.00 in a research report on Tuesday, October 1st. Piper Sandler lifted their price objective on shares of Fluence Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. BNP Paribas upgraded shares of Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 price objective on the stock in a research note on Friday, November 8th. Finally, Jefferies Financial Group assumed coverage on shares of Fluence Energy in a research note on Wednesday, September 4th. They issued a “buy” rating and a $26.00 target price for the company.

Insider Transactions at Fluence Energy

In other news, Director Herman E. Bulls acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $15.57 per share, with a total value of $155,700.00. Following the completion of the transaction, the director now directly owns 75,861 shares of the company’s stock, valued at $1,181,155.77. This trade represents a 15.18 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Fluence Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Handelsbanken Fonder AB increased its stake in Fluence Energy by 47.3% in the third quarter. Handelsbanken Fonder AB now owns 6,376,024 shares of the company’s stock valued at $144,800,000 after acquiring an additional 2,047,063 shares during the last quarter. FMR LLC increased its stake in shares of Fluence Energy by 9.0% in the 3rd quarter. FMR LLC now owns 1,606,100 shares of the company’s stock valued at $36,475,000 after purchasing an additional 132,868 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Fluence Energy by 4.2% during 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 in the last quarter. Clearbridge Investments LLC lifted its position in shares of Fluence Energy by 1.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,500,841 shares of the company’s stock worth $26,025,000 after buying an additional 23,927 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in Fluence Energy in the third quarter valued at about $22,059,000. 53.16% of the stock is currently owned by institutional investors and hedge funds.

Fluence Energy Trading Up 2.8 %

FLNC stock opened at $16.24 on Friday. The stock has a 50-day moving average price of $19.18 and a two-hundred day moving average price of $18.99. Fluence Energy has a 1 year low of $12.74 and a 1 year high of $26.12. The stock has a market cap of $2.94 billion, a PE ratio of 124.92, a price-to-earnings-growth ratio of 0.54 and a beta of 2.39.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Monday, November 25th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.11. Fluence Energy had a net margin of 0.89% and a return on equity of 4.10%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the business earned $0.02 EPS. The business’s quarterly revenue was up 82.5% on a year-over-year basis. On average, analysts forecast that Fluence Energy will post 0.56 earnings per share for the current fiscal year.

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.