Glj Research Reiterates “Hold” Rating for Fluence Energy (NASDAQ:FLNC)

Fluence Energy (NASDAQ:FLNC)‘s stock had its “hold” rating reissued by Glj Research in a report issued on Thursday,Benzinga reports. They currently have a $12.89 target price on the stock, down from their prior target price of $26.00. Glj Research’s target price points to a potential upside of 6.79% from the stock’s current price.

Several other brokerages have also recently commented on FLNC. UBS Group boosted their price target on shares of Fluence Energy from $8.00 to $9.00 and gave the stock a “sell” rating in a research report on Monday, May 11th. Royal Bank Of Canada lowered their price objective on shares of Fluence Energy from $16.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Truist Financial started coverage on shares of Fluence Energy in a report on Monday, July 13th. They issued a “hold” rating and a $16.00 target price on the stock. Zacks Research lowered shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Finally, Canaccord Genuity Group set a $24.00 target price on shares of Fluence Energy in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.89.

Fluence Energy Stock Up 2.7%

Shares of FLNC stock opened at $12.07 on Thursday. Fluence Energy has a 1 year low of $6.60 and a 1 year high of $33.51. 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 business’s fifty day moving average is $16.65 and its 200-day moving average is $17.40. The stock has a market cap of $2.23 billion, a PE ratio of -19.79 and a beta of 2.78.

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

Insider Activity

In other news, SVP John Zahurancik sold 16,000 shares of Fluence Energy stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $25.18, for a total value of $402,880.00. Following the transaction, the senior vice president directly owned 87,145 shares of the company’s stock, valued at $2,194,311.10. This trade represents a 15.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 that occurred on Monday, June 15th. The shares were sold at an average price of $25.00, for a total transaction of $125,000.00. Following the sale, the director owned 58,550 shares in the company, valued at $1,463,750. This represents a 7.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 36,974 shares of company stock valued at $879,787. Corporate insiders own 0.69% of the company’s stock.

Institutional Trading of Fluence Energy

Large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Fluence Energy by 31.8% in the first 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 in the last quarter. Sei Investments Co. grew its holdings in shares of Fluence Energy by 4.5% during the first 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. SBI Securities Co. Ltd. grew its holdings in shares of Fluence Energy by 10.7% during the fourth 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Fluence Energy by 1.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,185 shares of the company’s stock valued at $1,082,000 after buying an additional 1,082 shares during the period. Finally, New York State Common Retirement Fund raised its position in Fluence Energy by 5.8% during the fourth quarter. New York State Common Retirement Fund now owns 20,095 shares of the company’s stock valued at $397,000 after buying an additional 1,100 shares during the period. 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.