Fluence Energy, Inc. (NASDAQ:FLNC) Director Acquires $155,700.00 in Stock

Fluence Energy, Inc. (NASDAQ:FLNC) Director Herman E. Bulls acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $15.57 per share, with a total value of $155,700.00. Following the completion of the acquisition, the director now directly owns 75,861 shares of the company’s stock, valued at $1,181,155.77. This represents a 15.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fluence Energy Stock Performance

Shares of Fluence Energy stock traded down $0.33 during trading on Thursday, hitting $15.80. 1,480,869 shares of the company’s stock were exchanged, compared to its average volume of 2,363,416. Fluence Energy, Inc. has a 52-week low of $12.74 and a 52-week high of $26.12. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 121.54, a PEG ratio of 0.54 and a beta of 2.39. The business has a 50-day simple moving average of $19.29 and a 200-day simple moving average of $19.01.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Monday, November 25th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. Fluence Energy had a return on equity of 4.10% and a net margin of 0.89%. The company’s revenue was up 82.5% on a year-over-year basis. During the same quarter last year, the business posted $0.02 EPS. On average, equities analysts anticipate that Fluence Energy, Inc. will post 0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fluence Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in FLNC. FMR LLC boosted its holdings in Fluence Energy by 9.0% during the third quarter. FMR LLC now owns 1,606,100 shares of the company’s stock worth $36,475,000 after buying an additional 132,868 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Fluence Energy in the 3rd quarter worth about $22,059,000. XTX Topco Ltd purchased a new stake in shares of Fluence Energy in the third quarter valued at approximately $825,000. Nicola Wealth Management LTD. raised its stake in shares of Fluence Energy by 62.0% during the 3rd quarter. Nicola Wealth Management LTD. now owns 81,000 shares of the company’s stock worth $1,840,000 after buying an additional 31,000 shares during the period. Finally, Barclays PLC lifted its position in shares of Fluence Energy by 296.8% during the 3rd quarter. Barclays PLC now owns 181,766 shares of the company’s stock valued at $4,127,000 after buying an additional 135,957 shares in the last quarter. Institutional investors and hedge funds own 53.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FLNC. Guggenheim reiterated a “buy” rating and set a $26.00 price objective on shares of Fluence Energy in a research note on Friday, December 6th. Citigroup lowered Fluence Energy from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $32.00 to $24.00 in a research report on Tuesday, October 1st. Bank of America dropped their price objective on Fluence Energy from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Piper Sandler boosted their target price on shares of Fluence Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Finally, BNP Paribas upgraded shares of Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 price target on the stock in a report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.65.

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.