Fluence Energy (NASDAQ:FLNC) Shares Down 7.2% on Analyst Downgrade

Fluence Energy, Inc. (NASDAQ:FLNC)’s stock price was down 7.2% on Monday after UBS Group downgraded the stock from a neutral rating to a sell rating. UBS Group now has a $8.00 price target on the stock, down from their previous price target of $22.00. Fluence Energy traded as low as $12.46 and last traded at $12.5570. Approximately 709,720 shares traded hands during trading, a decline of 86% from the average daily volume of 5,146,362 shares. The stock had previously closed at $13.53.

Several other equities research analysts have also recently weighed in on FLNC. Susquehanna cut their target price on Fluence Energy from $27.00 to $23.00 and set a “positive” rating for the company in a research note on Thursday, April 9th. Morgan Stanley set a $16.00 target price on Fluence Energy in a research note on Monday, January 26th. Jefferies Financial Group set a $24.00 price objective on shares of Fluence Energy in a research note on Monday, February 9th. Zacks Research downgraded shares of Fluence Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Finally, The Goldman Sachs Group dropped their price objective on shares of Fluence Energy from $28.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Fluence Energy presently has a consensus rating of “Reduce” and a consensus target price of $15.89.

Insider Transactions at Fluence Energy

In related 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 transaction, the director owned 63,550 shares in the company, valued at $1,048,575. This trade represents a 13.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fluence Energy

Hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Fluence Energy during the third quarter worth about $810,000. ANTIPODES PARTNERS Ltd raised its position in shares of Fluence Energy by 64,545.5% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,091,216 shares of the company’s stock worth $11,786,000 after acquiring an additional 1,089,528 shares in the last quarter. Essex Investment Management Co. LLC bought a new position in shares of Fluence Energy in the 3rd quarter worth about $574,000. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Fluence Energy by 50.9% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 301,838 shares of the company’s stock worth $3,260,000 after acquiring an additional 101,838 shares in the last quarter. Finally, Dragoneer Investment Group LLC acquired a new stake in shares of Fluence Energy during the 3rd quarter worth approximately $65,883,000. 53.16% of the stock is currently owned by institutional investors.

Fluence Energy Trading Down 7.7%

The company has a market cap of $2.30 billion, a price-to-earnings ratio of -28.38 and a beta of 2.96. The company has a current ratio of 1.48, a quick ratio of 1.08 and a debt-to-equity ratio of 0.80. The firm’s 50-day moving average price is $15.62 and its 200 day moving average price is $19.01.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings results on Wednesday, February 4th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $475.23 million during the quarter, compared to the consensus estimate of $444.23 million. During the same period last year, the firm posted ($0.32) earnings per share. The company’s revenue for the quarter was up 154.4% on a year-over-year basis. As a group, equities analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current year.

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.