Fluence Energy (NASDAQ:FLNC) Shares Gap Up – Still a Buy?

Fluence Energy, Inc. (NASDAQ:FLNC)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $10.86, but opened at $11.77. Fluence Energy shares last traded at $11.1740, with a volume of 2,116,585 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Glj Research cut Fluence Energy from a “buy” rating to a “hold” rating and reduced their target price for the company from $26.00 to $12.89 in a report on Thursday, August 20th. Morgan Stanley set a $15.00 price objective on Fluence Energy in a report on Friday, August 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $22.00 target price on shares of Fluence Energy in a report on Thursday, May 7th. Citigroup reduced their price target on shares of Fluence Energy from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Finally, Truist Financial assumed coverage on shares of Fluence Energy in a research report on Monday, July 13th. They issued a “hold” rating and a $16.00 price objective for the company. Six research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Fluence Energy has an average rating of “Hold” and an average price target of $18.05.

Fluence Energy Stock Down 1.4%

The firm has a market cap of $2.05 billion, a P/E ratio of -18.16 and a beta of 2.78. The firm’s 50-day moving average price is $15.37 and its 200 day moving average price is $16.80. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.34 and a quick ratio of 0.89.

Fluence Energy (NASDAQ:FLNC) last issued its earnings results on Wednesday, August 5th. The company reported ($0.24) earnings per share (EPS) for the quarter. The business had revenue of $649.85 million during the quarter, compared to the consensus estimate of $818.57 million. Fluence Energy had a negative return on equity of 16.79% and a negative net margin of 3.13%.The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 EPS. On average, equities research analysts expect that Fluence Energy, Inc. will post -0.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fluence Energy news, SVP John Zahurancik sold 15,974 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $22.03, for a total value of $351,907.22. Following the completion of the sale, the senior vice president directly owned 71,171 shares of the company’s stock, valued at approximately $1,567,897.13. This represents a 18.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Heynitz Harald Von sold 5,000 shares of Fluence Energy stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the completion of the transaction, the director directly owned 58,550 shares in the company, valued at $1,463,750. This represents a 7.87% decrease in their position. The SEC filing for this sale provides additional information. 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 in the last three months. Company insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Fluence Energy

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in shares of Fluence Energy by 31.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock worth $38,000 after purchasing an additional 672 shares in the last quarter. Sei Investments Co. lifted its stake in Fluence Energy by 4.5% in the first quarter. Sei Investments Co. now owns 16,222 shares of the company’s stock valued at $223,000 after acquiring an additional 703 shares during the last quarter. SBI Securities Co. Ltd. grew its position in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Fluence Energy by 1.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,185 shares of the company’s stock valued at $1,082,000 after purchasing an additional 1,082 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Fluence Energy by 5.8% in the 4th quarter. New York State Common Retirement Fund now owns 20,095 shares of the company’s stock valued at $397,000 after purchasing an additional 1,100 shares during 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.