Herman Bulls Purchases 10,000 Shares of Fluence Energy (NASDAQ:FLNC) Stock

Fluence Energy, Inc. (NASDAQ:FLNC) Director Herman Bulls purchased 10,000 shares of the stock in a transaction on Monday, September 21st. The stock was acquired at an average cost of $7.36 per share, with a total value of $73,600.00. Following the acquisition, the director owned 169,550 shares of the company’s stock, valued at approximately $1,247,888. This represents a 6.27% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Fluence Energy Stock Down 1.6%

Shares of FLNC stock traded down $0.12 during trading hours on Tuesday, reaching $7.27. 8,135,568 shares of the company’s stock were exchanged, compared to its average volume of 8,118,209. Fluence Energy, Inc. has a 1 year low of $7.01 and a 1 year high of $33.51. The company has a current ratio of 1.34, a quick ratio of 0.89 and a debt-to-equity ratio of 0.91. The stock has a market cap of $1.34 billion, a PE ratio of -11.92 and a beta of 2.74. The stock’s fifty day moving average price is $12.03 and its two-hundred day moving average price is $15.86.

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 analysts’ expectations of $818.57 million. Fluence Energy had a negative net margin of 3.13% and a negative return on equity of 16.79%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 earnings per share. Research analysts predict that Fluence Energy, Inc. will post -1.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Citigroup decreased their price target on shares of Fluence Energy from $24.00 to $20.00 and set a “buy” rating for the company in a report on Friday, August 14th. Canaccord Genuity Group dropped their price objective on shares of Fluence Energy from $24.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, September 17th. Roth Capital set a $18.00 target price on Fluence Energy in a research report on Friday, August 7th. JPMorgan Chase & Co. reduced their target price on Fluence Energy from $17.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, September 17th. Finally, UBS Group raised Fluence Energy from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $9.00 to $12.00 in a research report on Tuesday, August 25th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $12.42.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Fluence Energy by 31.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock worth $38,000 after buying an additional 672 shares during the last quarter. Sei Investments Co. lifted its holdings in Fluence Energy by 4.5% in the first quarter. Sei Investments Co. now owns 16,222 shares of the company’s stock valued at $223,000 after acquiring an additional 703 shares during the last quarter. IFP Advisors Inc lifted its holdings in Fluence Energy by 184.1% in the second quarter. IFP Advisors Inc now owns 1,540 shares of the company’s stock valued at $31,000 after acquiring an additional 998 shares during the last quarter. Strs Ohio grew its position in Fluence Energy by 10.4% in the first quarter. Strs Ohio now owns 14,900 shares of the company’s stock worth $205,000 after acquiring an additional 1,400 shares during the period. Finally, Curio Wealth LLC purchased a new position in Fluence Energy in the fourth quarter worth approximately $31,000. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

Fluence Energy Company Profile

Fluence Energy, Inc is a global energy storage and software company that develops solutions to support the transition to cleaner and more reliable electricity systems. The company provides products and services for utilities, renewable energy developers, commercial and industrial customers, and other power market participants.

Its offerings include large-scale battery energy storage systems, renewable energy integration solutions, and digital applications for managing and optimizing energy assets.