Fluence Energy (NASDAQ:FLNC) Price Target Cut to $20.00 by Analysts at The Goldman Sachs Group

Fluence Energy (NASDAQ:FLNC) had its price target cut by The Goldman Sachs Group from $28.00 to $20.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the company. Roth Mkm reissued a “neutral” rating and issued a $26.00 price objective on shares of Fluence Energy in a research note on Wednesday, January 28th. Jefferies Financial Group set a $24.00 price objective on Fluence Energy in a research note on Monday, February 9th. Mizuho set a $13.00 price objective on Fluence Energy in a research note on Friday, February 6th. Susquehanna dropped their target price on Fluence Energy from $27.00 to $23.00 and set a “positive” rating for the company in a research report on Thursday, April 9th. Finally, Zacks Research downgraded Fluence Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.67.

Fluence Energy Price Performance

Fluence Energy stock opened at $15.21 on Wednesday. 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 firm has a market cap of $2.80 billion, a P/E ratio of -34.57 and a beta of 2.96. The business’s fifty day moving average is $15.82 and its two-hundred day moving average is $18.92. Fluence Energy has a 52 week low of $3.46 and a 52 week high of $33.51.

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

Insider Buying and Selling at Fluence Energy

In other news, Director Heynitz Harald Von sold 10,000 shares of the business’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 completion of the sale, the director owned 63,550 shares in the company, valued at $1,048,575. The trade was a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.69% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fluence Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLNC. GAMMA Investing LLC increased its holdings in shares of Fluence Energy by 22.2% in the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after acquiring an additional 437 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Fluence Energy by 17.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the company’s stock worth $79,000 after acquiring an additional 586 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Fluence Energy by 10.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 9,638 shares of the company’s stock worth $191,000 after acquiring an additional 935 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Fluence Energy by 8.6% in the third quarter. Jones Financial Companies Lllp now owns 13,452 shares of the company’s stock worth $160,000 after acquiring an additional 1,063 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Fluence Energy by 1.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,185 shares of the company’s stock worth $1,082,000 after acquiring an additional 1,082 shares in the last quarter. 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.