Fluence Energy (NASDAQ:FLNC) Now Covered by Mizuho

Mizuho started coverage on shares of Fluence Energy (NASDAQ:FLNC) in a research report released on Wednesday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $8.00 target price on the stock.

Several other equities analysts have also issued reports on FLNC. Robert W. Baird reiterated a “neutral” rating and set a $20.00 target price (down from $24.00) on shares of Fluence Energy in a report on Wednesday, December 18th. Royal Bank of Canada lowered shares of Fluence Energy from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $25.00 to $7.00 in a report on Wednesday, February 12th. Susquehanna lowered their target price on shares of Fluence Energy from $23.00 to $10.00 and set a “positive” rating for the company in a report on Wednesday, February 12th. UBS Group lowered shares of Fluence Energy from a “buy” rating to a “neutral” rating and lowered their target price for the company from $28.00 to $8.00 in a report on Wednesday, February 12th. Finally, Roth Mkm lowered shares of Fluence Energy from a “buy” rating to a “neutral” rating and lowered their target price for the company from $20.00 to $6.50 in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $14.34.

Fluence Energy Stock Performance

Shares of FLNC opened at $5.45 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.57 and a quick ratio of 1.14. Fluence Energy has a one year low of $4.78 and a one year high of $26.12. The company has a 50-day simple moving average of $12.15 and a two-hundred day simple moving average of $17.15. The firm has a market capitalization of $989.44 million, a PE ratio of -109.00 and a beta of 2.37.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings data on Monday, February 10th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.15). Fluence Energy had a negative return on equity of 0.36% and a negative net margin of 0.08%. On average, analysts anticipate that Fluence Energy will post 0.08 EPS for the current fiscal year.

Insider Activity at Fluence Energy

In related news, Director Herman E. Bulls purchased 10,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were acquired at an average price of $15.57 per share, for a total transaction of $155,700.00. Following the purchase, the director now directly owns 75,861 shares in the company, valued at $1,181,155.77. This trade represents a 15.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Julian Nebreda purchased 23,500 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $6.35 per share, for a total transaction of $149,225.00. Following the purchase, the chief executive officer now owns 120,455 shares in the company, valued at approximately $764,889.25. This represents a 24.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 79,000 shares of company stock worth $601,265. 0.65% of the stock is owned by corporate insiders.

Institutional Trading of Fluence Energy

Several hedge funds have recently bought and sold shares of FLNC. Altshuler Shaham Ltd bought a new stake in shares of Fluence Energy in the 4th quarter worth about $34,000. US Bancorp DE increased its holdings in shares of Fluence Energy by 676.6% in the 3rd quarter. US Bancorp DE now owns 1,693 shares of the company’s stock worth $38,000 after buying an additional 1,475 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Fluence Energy in the 3rd quarter worth about $74,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Fluence Energy in the 4th quarter worth about $79,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Fluence Energy in the 3rd quarter worth about $87,000. Hedge funds and other institutional investors own 53.16% of the company’s stock.

About Fluence Energy

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.