Fluence Energy (NASDAQ:FLNC) Stock Price Down 7% – Here’s What Happened

Fluence Energy, Inc. (NASDAQ:FLNC)’s stock price traded down 7% during trading on Tuesday . The company traded as low as $12.30 and last traded at $12.4190. 688,255 shares changed hands during trading, a decline of 87% from the average session volume of 5,109,406 shares. The stock had previously closed at $13.36.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of Fluence Energy from $28.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Mizuho set a $13.00 target price on shares of Fluence Energy in a research report on Friday, February 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $12.00 target price on shares of Fluence Energy in a research report on Tuesday, January 20th. Barclays reduced their target price on shares of Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Monday, April 13th. Finally, Citigroup reduced their target price on shares of Fluence Energy from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Fluence Energy currently has an average rating of “Reduce” and an average target price of $16.29.

Fluence Energy Trading Down 8.1%

The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average price is $15.00 and its 200-day moving average price is $18.96. The stock has a market capitalization of $2.26 billion, a P/E ratio of -27.90 and a beta of 2.96.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Wednesday, February 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.16). Fluence Energy had a negative net margin of 2.04% and a negative return on equity of 10.10%. The business had revenue of $475.23 million for the quarter, compared to the consensus estimate of $444.23 million. During the same quarter in the prior year, the business posted ($0.32) earnings per share. Fluence Energy’s revenue for the quarter was up 154.4% on a year-over-year basis. As a group, equities research analysts expect that Fluence Energy, Inc. will post -0.22 earnings per share for the current year.

Insiders Place Their Bets

In other Fluence Energy news, Director Heynitz Harald Von sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $16.50, for a total value of $165,000.00. Following the completion of the sale, the director directly owned 63,550 shares in the company, valued at $1,048,575. This trade represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fluence Energy

Several institutional investors have recently bought and sold shares of the company. Counterpoint Mutual Funds LLC boosted its stake in Fluence Energy by 134.4% in the first quarter. Counterpoint Mutual Funds LLC now owns 36,622 shares of the company’s stock valued at $504,000 after acquiring an additional 20,995 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Fluence Energy by 194.3% in the first quarter. Y Intercept Hong Kong Ltd now owns 177,037 shares of the company’s stock valued at $2,436,000 after acquiring an additional 116,882 shares in the last quarter. Strs Ohio boosted its stake in Fluence Energy by 10.4% in the first quarter. Strs Ohio now owns 14,900 shares of the company’s stock valued at $205,000 after acquiring an additional 1,400 shares in the last quarter. Inspire Investing LLC boosted its stake in Fluence Energy by 57.2% in the first quarter. Inspire Investing LLC now owns 37,489 shares of the company’s stock valued at $516,000 after acquiring an additional 13,644 shares in the last quarter. Finally, Pictet Asset Management Holding SA purchased a new position in shares of Fluence Energy in the first quarter worth $156,000. 53.16% of the stock is currently owned by institutional investors and hedge funds.

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.