Fluence Energy (NASDAQ:FLNC) Downgraded to Underweight Rating by Barclays

Fluence Energy (NASDAQ:FLNC) was downgraded by stock analysts at Barclays from an “equal weight” rating to an “underweight” rating in a research report issued on Thursday, Marketbeat.com reports. They currently have a $10.00 price objective on the stock. Barclays‘s price objective indicates a potential downside of 5.30% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada cut their price objective on shares of Fluence Energy from $16.00 to $15.00 and set a “sector perform” rating for the company in a report on Friday, August 7th. The Goldman Sachs Group restated a “buy” rating and set a $22.00 target price on shares of Fluence Energy in a report on Thursday, May 7th. Wall Street Zen lowered Fluence Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Fluence Energy in a research report on Wednesday, August 5th. Finally, Truist Financial assumed coverage on Fluence Energy in a research note on Monday, July 13th. They set a “hold” rating and a $16.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.73.

Fluence Energy Trading Up 1.3%

Shares of FLNC opened at $10.56 on Thursday. Fluence Energy has a 52-week low of $6.60 and a 52-week high of $33.51. The stock has a market cap of $1.95 billion, a PE ratio of -17.31 and a beta of 2.74. The firm’s fifty day moving average is $14.14 and its two-hundred day moving average is $16.53. The company has a quick ratio of 0.89, a current ratio of 1.34 and a debt-to-equity ratio of 0.91.

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

Insider Buying and Selling at Fluence Energy

In related news, SVP John Zahurancik sold 15,974 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $22.03, for a total transaction 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 trade represents a 18.33% decrease in their position. The sale was disclosed in a document filed 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 the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $25.00, for a total transaction of $125,000.00. Following the completion of the sale, the director owned 58,550 shares in the company, valued at approximately $1,463,750. This trade represents a 7.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 36,974 shares of company stock valued at $879,787. 0.69% of the stock is owned by insiders.

Hedge Funds Weigh In On Fluence Energy

Several large investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in Fluence Energy by 1,441.8% in the 1st quarter. AQR Capital Management LLC now owns 900,674 shares of the company’s stock valued at $4,368,000 after purchasing an additional 842,257 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Fluence Energy during the first quarter worth $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Fluence Energy by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company’s stock valued at $575,000 after buying an additional 3,364 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Fluence Energy by 189.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after buying an additional 2,076,668 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Fluence Energy in the 1st quarter valued at $93,000. 53.16% of the stock is currently owned by institutional investors and hedge funds.

About Fluence Energy

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.