Fluence Energy (NASDAQ:FLNC) Director Heynitz Harald Von Acquires 7,000 Shares of Stock

by · The Markets Daily

Fluence Energy, Inc. (NASDAQ:FLNC – Get Free Report) Director Harald von Heynitz acquired 7,000 shares of the business’s stock in a transaction on Monday, September 21st. The shares were bought at an average cost of $7.36 per share, with a total value of $51,520.00. Following the completion of the acquisition, the director owned 65,550 shares in the company, valued at approximately $482,448. This represents a 11.96% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Fluence Energy Price Performance

Shares of NASDAQ:FLNC opened at $7.27 on Wednesday. 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 firm has a fifty day moving average price of $11.86 and a 200 day moving average price of $15.80. Fluence Energy, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $33.51. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -11.92 and a beta of 2.74.

Fluence Energy (NASDAQ:FLNC – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.24) earnings per share (EPS) for the quarter. Fluence Energy had a negative net margin of 3.13% and a negative return on equity of 16.79%. The company had revenue of $649.85 million during the quarter, compared to the consensus estimate of $818.57 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts expect that Fluence Energy, Inc. will post -1.12 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 added to or reduced their stakes in FLNC. Bank of America Corp DE increased its position in shares of Fluence Energy by 24.4% during the 1st quarter. Bank of America Corp DE now owns 3,085,730 shares of the company’s stock valued at $42,460,000 after purchasing an additional 604,983 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Fluence Energy during the first quarter worth $19,579,000. First Trust Advisors LP increased its position in Fluence Energy by 55.4% during the first quarter. First Trust Advisors LP now owns 1,131,468 shares of the company’s stock valued at $15,569,000 after acquiring an additional 403,199 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Fluence Energy by 882.1% in the fourth quarter. Legal & General Group Plc now owns 738,898 shares of the company’s stock valued at $14,615,000 after acquiring an additional 663,660 shares during the period. Finally, Edgestream Partners L.P. lifted its holdings in shares of Fluence Energy by 1,086.3% in the 1st quarter. Edgestream Partners L.P. now owns 385,804 shares of the company’s stock worth $5,309,000 after acquiring an additional 353,282 shares during the last quarter. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

More Fluence Energy News

Here are the key news stories impacting Fluence Energy this week:

  • Positive Sentiment: Director Harald von Heynitz purchased 7,000 Fluence shares at an average price of $7.36, increasing his direct ownership by approximately 12%. SEC insider transaction filing
  • Positive Sentiment: Director Herman Bulls also bought 10,000 shares at $7.36, raising his position by roughly 6%. The purchases may signal that insiders view the selloff as excessive, although they do not resolve the company’s operational and legal concerns. SEC insider transaction filing
  • Neutral Sentiment: Several law firms announced investigations into Fluence Energy on behalf of shareholders, including Bragar Eagel & Squire, Block & Leviton and Glancy Prongay. These announcements primarily solicit investors and do not establish that securities laws were violated. Bragar Eagel investigation
  • Negative Sentiment: Fluence disclosed more serious problems involving its Houston facility during a September 17 business update and said it had fired Chief Product Officer Vahan Garboushian on September 11. The disclosures contributed to a major selloff and raised concerns about execution, supply-chain reliability and leadership stability. Houston facility investor scrutiny
  • Negative Sentiment: Mizuho cut its Fluence price target from $8 to $6 and maintained an “underperform” rating, implying further downside based on the company’s deteriorating outlook. Mizuho price-target cut
  • Negative Sentiment: A recent analysis advised investors not to rush into buying the dip, citing unresolved operational problems and continued uncertainty around Fluence’s growth prospects. Analysis of Fluence’s decline

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Canaccord Genuity Group dropped their price target on Fluence Energy from $24.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, September 17th. Piper Sandler decreased their price objective on Fluence Energy from $6.00 to $5.00 and set an “underweight” rating on the stock in a report on Thursday, September 17th. Glj Research downgraded Fluence Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from $26.00 to $12.89 in a research report on Thursday, August 20th. Zacks Research lowered shares of Fluence Energy from a “hold” rating to a “strong sell” rating in a report on Thursday, September 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of Fluence Energy in a research report on Thursday, September 17th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, Fluence Energy currently has a consensus rating of “Reduce” and a consensus price target of $12.42.

View Our Latest Analysis on Fluence Energy

About Fluence Energy

(Get Free Report)

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.

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