Fluence Energy (NASDAQ:FLNC) Trading Up 10.9% – Still a Buy?

Fluence Energy, Inc. (NASDAQ:FLNC) shot up 10.9% during mid-day trading on Friday . The company traded as high as $22.00 and last traded at $22.3840. 4,496,048 shares changed hands during trading, a decline of 35% from the average session volume of 6,929,583 shares. The stock had previously closed at $20.19.

Analysts Set New Price Targets

FLNC has been the topic of a number of analyst reports. Jefferies Financial Group set a $24.00 price objective on shares of Fluence Energy in a research note on Monday, February 9th. Bank of America set a $32.00 price target on shares of Fluence Energy in a report on Tuesday, February 3rd. Roth Mkm upgraded shares of Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their price objective on shares of Fluence Energy from $13.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Susquehanna upped their price objective on shares of Fluence Energy from $23.00 to $25.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Five analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $19.47.

Fluence Energy Price Performance

The stock has a 50 day simple moving average of $15.69 and a two-hundred day simple moving average of $18.97. The company has a market cap of $4.05 billion, a price-to-earnings ratio of -61.08 and a beta of 2.62. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.91.

Fluence Energy (NASDAQ:FLNC) last issued its earnings results on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The company had revenue of $464.89 million for the quarter, compared to the consensus estimate of $614.93 million. During the same period in the previous year, the firm earned ($0.24) earnings per share. Fluence Energy’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts predict that Fluence Energy, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Activity at Fluence Energy

In other news, Director Heynitz Harald Von sold 10,000 shares of the company’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 transaction, the director directly owned 63,550 shares in the company, valued at approximately $1,048,575. This represents a 13.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Qatar Investment Authority sold 2,867,172 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $21.00, for a total transaction of $60,210,612.00. Following the sale, the insider directly owned 11,801,103 shares in the company, valued at approximately $247,823,163. The trade was a 19.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Fluence Energy

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Fluence Energy by 22.2% in the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after purchasing an additional 437 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Fluence Energy by 17.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the company’s stock valued at $79,000 after buying an additional 586 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Fluence Energy by 31.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock valued at $38,000 after buying an additional 672 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Fluence Energy by 4.5% in the 1st quarter. Sei Investments Co. now owns 16,222 shares of the company’s stock valued at $223,000 after buying an additional 703 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Fluence Energy by 10.7% in the 4th quarter. SBI Securities Co. Ltd. now owns 9,638 shares of the company’s stock valued at $191,000 after buying an additional 935 shares in the last quarter. 53.16% of the stock is owned by hedge funds and other institutional investors.

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.