Fluence Energy (NASDAQ:FLNC) Rating Lowered to Sell at Guggenheim

Fluence Energy (NASDAQ:FLNC) was downgraded by analysts at Guggenheim from a “buy” rating to a “sell” rating in a research report issued on Tuesday, MarketBeat reports. They presently have a $6.00 target price on the stock, down from their prior target price of $26.00. Guggenheim’s price target indicates a potential downside of 8.12% from the company’s previous close.

A number of other equities analysts have also commented on FLNC. BMO Capital Markets lifted their price target on shares of Fluence Energy from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Susquehanna lifted their target price on shares of Fluence Energy from $23.00 to $28.00 and gave the stock a “positive” rating in a report on Wednesday, October 16th. Piper Sandler upped their price target on shares of Fluence Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. BNP Paribas upgraded Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 price objective on the stock in a research note on Friday, November 8th. Finally, Canaccord Genuity Group decreased their target price on Fluence Energy from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.21.

Fluence Energy Trading Down 6.7 %

Shares of NASDAQ:FLNC opened at $6.53 on Tuesday. The stock has a market capitalization of $1.18 billion, a PE ratio of 50.23, a P/E/G ratio of 0.49 and a beta of 2.37. Fluence Energy has a 1 year low of $6.35 and a 1 year high of $26.12. The firm has a fifty day moving average price of $15.03 and a 200 day moving average price of $18.07.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings results on Monday, February 10th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.15). Fluence Energy had a return on equity of 4.10% and a net margin of 0.89%. On average, sell-side analysts forecast that Fluence Energy will post 0.48 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Herman E. Bulls purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of $15.57 per share, with a total value of $155,700.00. Following the purchase, the director now directly owns 75,861 shares in the company, valued at $1,181,155.77. This represents a 15.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE increased its position in shares of Fluence Energy by 676.6% during the 3rd quarter. US Bancorp DE now owns 1,693 shares of the company’s stock worth $38,000 after purchasing an additional 1,475 shares in the last quarter. CWM LLC grew its stake in Fluence Energy by 164.4% during the third quarter. CWM LLC now owns 2,842 shares of the company’s stock worth $65,000 after buying an additional 1,767 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Fluence Energy during the third quarter worth approximately $74,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Fluence Energy in the fourth quarter valued at approximately $79,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Fluence Energy in the 3rd quarter worth approximately $87,000. 53.16% of the stock is owned by institutional investors.

Fluence Energy Company Profile

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.