Barclays Cuts Fluence Energy (NASDAQ:FLNC) Price Target to $16.00

Fluence Energy (NASDAQ:FLNC) had its price target decreased by Barclays from $20.00 to $16.00 in a report released on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

FLNC has been the topic of several other reports. Morgan Stanley set a $16.00 price objective on shares of Fluence Energy in a research report on Monday, January 26th. UBS Group restated a “neutral” rating on shares of Fluence Energy in a research note on Thursday, January 15th. Bank of America set a $32.00 target price on shares of Fluence Energy in a research note on Tuesday, February 3rd. Mizuho set a $13.00 target price on shares of Fluence Energy in a research note on Friday, February 6th. Finally, Jefferies Financial Group set a $24.00 target price on shares of Fluence Energy in a research note on Monday, February 9th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.67.

Fluence Energy Trading Up 2.8%

Shares of Fluence Energy stock opened at $15.21 on Monday. Fluence Energy has a 1 year low of $3.46 and a 1 year high of $33.51. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.08 and a current ratio of 1.48. The company has a market capitalization of $2.80 billion, a P/E ratio of -34.57 and a beta of 2.96. The company’s fifty day moving average is $15.82 and its two-hundred day moving average is $18.92.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings data on Wednesday, February 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.16). Fluence Energy had a negative return on equity of 10.10% and a negative net margin of 2.04%.The business had revenue of $475.23 million for the quarter, compared to analysts’ expectations of $444.23 million. During the same period in the previous year, the business posted ($0.32) earnings per share. The company’s revenue for the quarter was up 154.4% on a year-over-year basis. Analysts forecast that Fluence Energy will post 0.08 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Heynitz Harald Von sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total transaction of $165,000.00. Following the transaction, the director owned 63,550 shares of the company’s stock, valued at $1,048,575. This represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.69% of the stock is owned by corporate insiders.

Institutional Trading of Fluence Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC boosted its holdings in Fluence Energy by 28.9% during the fourth quarter. Hsbc Holdings PLC now owns 157,575 shares of the company’s stock worth $3,144,000 after buying an additional 35,309 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Fluence Energy during the fourth quarter worth about $502,000. Sankala Group LLC purchased a new stake in Fluence Energy during the fourth quarter worth about $51,000. Mercer Global Advisors Inc. ADV purchased a new stake in Fluence Energy during the fourth quarter worth about $221,000. Finally, Vident Advisory LLC boosted its holdings in Fluence Energy by 65.8% during the fourth quarter. Vident Advisory LLC now owns 26,103 shares of the company’s stock worth $516,000 after buying an additional 10,362 shares in the last quarter. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Fluence Energy Company Profile

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.