Fluence Energy (NASDAQ:FLNC) Upgraded to “Strong Sell” at Piper Sandler

Fluence Energy (NASDAQ:FLNC) was upgraded by investment analysts at Piper Sandler to a “strong sell” rating in a note issued to investors on Tuesday, Zacks reports.

Other equities research analysts also recently issued reports about the stock. Canaccord Genuity Group set a $24.00 price target on shares of Fluence Energy in a research report on Friday, August 7th. Glj Research cut Fluence Energy from a “buy” rating to a “hold” rating and lowered their price target for the stock from $26.00 to $12.89 in a report on Thursday, August 20th. UBS Group raised Fluence Energy from a “sell” rating to a “neutral” rating and raised their price objective for the company from $9.00 to $12.00 in a research note on Tuesday, August 25th. Truist Financial initiated coverage on Fluence Energy in a report on Monday, July 13th. They set a “hold” rating and a $16.00 price objective for the company. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Fluence Energy in a research report on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.14.

Fluence Energy Trading Down 8.3%

NASDAQ:FLNC opened at $10.12 on Tuesday. The stock has a fifty day moving average price of $13.26 and a two-hundred day moving average price of $16.27. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.89 and a current ratio of 1.34. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of -16.59 and a beta of 2.74. Fluence Energy has a 1 year low of $6.60 and a 1 year high of $33.51.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.24) EPS for the quarter. The company 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%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $0.01 EPS. As a group, sell-side analysts anticipate that Fluence Energy will post -0.51 earnings per share for the current fiscal year.

Insider Activity at Fluence Energy

In other news, SVP John Zahurancik sold 15,974 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $22.03, for a total value of $351,907.22. Following the sale, the senior vice president directly owned 71,171 shares in the company, valued at $1,567,897.13. This represents a 18.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Harald von Heynitz sold 5,000 shares of the firm’s 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 transaction, the director directly owned 58,550 shares of the company’s stock, valued at approximately $1,463,750. This trade represents a 7.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 36,974 shares of company stock worth $879,787 over the last quarter. Company insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Fluence Energy

A number of institutional investors have recently made changes to their positions in the stock. Curio Wealth LLC acquired a new stake in shares of Fluence Energy during the fourth quarter valued at $31,000. IFP Advisors Inc increased its position in Fluence Energy by 184.1% during the 2nd quarter. IFP Advisors Inc now owns 1,540 shares of the company’s stock worth $31,000 after purchasing an additional 998 shares in the last quarter. State of Wyoming acquired a new position in Fluence Energy in the 4th quarter valued at about $36,000. EverSource Wealth Advisors LLC raised its stake in 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 purchasing an additional 672 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in Fluence Energy in the 3rd quarter valued at about $48,000. 53.16% of the stock is 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.