Fluence Energy (NASDAQ:FLNC) Trading Down 11.2% – Should You Sell?

Fluence Energy, Inc. (NASDAQ:FLNC)’s share price traded down 11.2% during mid-day trading on Tuesday . The stock traded as low as $3.88 and last traded at $3.81. 4,040,595 shares were traded during trading, an increase of 25% from the average session volume of 3,244,093 shares. The stock had previously closed at $4.29.

Analyst Ratings Changes

Several brokerages recently weighed in on FLNC. Baird R W downgraded Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Royal Bank of Canada cut shares of Fluence Energy from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $25.00 to $7.00 in a research report on Wednesday, February 12th. Truist Financial cut their price target on shares of Fluence Energy from $28.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. The Goldman Sachs Group dropped their target price on shares of Fluence Energy from $26.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Finally, Mizuho assumed coverage on Fluence Energy in a report on Wednesday, March 5th. They issued an “outperform” rating and a $8.00 price objective on the stock. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Fluence Energy currently has a consensus rating of “Hold” and a consensus price target of $13.79.

Fluence Energy Stock Performance

The stock has a market cap of $708.04 million, a P/E ratio of -78.00 and a beta of 2.48. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.57. The firm’s 50 day moving average is $7.06 and its 200 day moving average is $14.74.

Fluence Energy (NASDAQ:FLNC) last released its earnings results on Monday, February 10th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.15). Fluence Energy had a negative net margin of 0.08% and a negative return on equity of 0.36%. Analysts anticipate that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Insider Transactions at Fluence Energy

In other Fluence Energy news, Director Herman E. Bulls acquired 30,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average price of $6.53 per share, for a total transaction of $195,900.00. Following the completion of the purchase, the director now directly owns 105,861 shares in the company, valued at $691,272.33. The trade was a 39.55 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Julian Nebreda acquired 23,500 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $6.35 per share, for a total transaction of $149,225.00. Following the completion of the purchase, the chief executive officer now owns 120,455 shares of the company’s stock, valued at approximately $764,889.25. This represents a 24.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 79,000 shares of company stock worth $499,665 over the last 90 days. 0.65% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fluence Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Duff & Phelps Investment Management Co. lifted its position in Fluence Energy by 5.6% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 27,192 shares of the company’s stock worth $432,000 after purchasing an additional 1,432 shares during the period. Lazard Freres Gestion S.A.S. raised its holdings in shares of Fluence Energy by 7.3% during the fourth quarter. Lazard Freres Gestion S.A.S. now owns 22,180 shares of the company’s stock worth $352,000 after acquiring an additional 1,500 shares during the period. KBC Group NV lifted its position in shares of Fluence Energy by 1.6% in the fourth quarter. KBC Group NV now owns 108,296 shares of the company’s stock worth $1,720,000 after purchasing an additional 1,671 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Fluence Energy by 0.4% in the 4th quarter. Ameriprise Financial Inc. now owns 440,002 shares of the company’s stock valued at $6,988,000 after acquiring an additional 1,734 shares during the period. Finally, Swiss National Bank raised its position in shares of Fluence Energy by 1.4% in the fourth quarter. Swiss National Bank now owns 126,800 shares of the company’s stock valued at $2,014,000 after purchasing an additional 1,800 shares during the period. Hedge funds and other institutional investors own 53.16% of the company’s stock.

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.