Fluence Energy (NASDAQ:FLNC) Stock Price Down 8.7% – Time to Sell?
by Sarita Garza · The Markets DailyFluence Energy, Inc. (NASDAQ:FLNC – Get Free Report)’s share price was down 8.7% during trading on Tuesday . The stock traded as low as $24.99 and last traded at $24.7280. Approximately 1,597,013 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 4,734,556 shares. The stock had previously closed at $27.08.
Analyst Ratings Changes
Several analysts have recently commented on the company. Johnson Rice reissued a “hold” rating and issued a $18.00 price target on shares of Fluence Energy in a report on Monday, December 8th. Roth Capital raised their price target on Fluence Energy from $7.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Mizuho reaffirmed an “underperform” rating and set a $15.00 price target (up previously from $9.00) on shares of Fluence Energy in a research report on Monday, December 8th. Barclays upped their price target on Fluence Energy from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 14th. Finally, Morgan Stanley boosted their price objective on shares of Fluence Energy from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $14.02.
Check Out Our Latest Report on Fluence Energy
Fluence Energy Stock Down 6.5%
The company has a debt-to-equity ratio of 0.71, a current ratio of 1.51 and a quick ratio of 1.17. The company has a 50-day moving average of $20.66 and a two-hundred day moving average of $14.60. The company has a market capitalization of $4.63 billion, a PE ratio of -60.27 and a beta of 2.88.
Fluence Energy (NASDAQ:FLNC – Get Free Report) last posted its quarterly earnings data on Monday, November 24th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Fluence Energy had a negative net margin of 2.14% and a negative return on equity of 9.21%. The firm’s quarterly revenue was down 15.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 earnings per share. Sell-side analysts anticipate that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.
Institutional Trading of Fluence Energy
Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Fluence Energy by 22.2% in the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after buying an additional 437 shares during the period. Nisa Investment Advisors LLC raised its holdings in Fluence Energy by 17.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the company’s stock valued at $79,000 after acquiring an additional 586 shares during the period. Advisory Services Network LLC bought a new position in shares of Fluence Energy in the third quarter worth about $48,000. Parallel Advisors LLC purchased a new stake in shares of Fluence Energy during the second quarter worth about $30,000. Finally, Quantbot Technologies LP bought a new stake in Fluence Energy during the 3rd quarter valued at approximately $51,000. 53.16% of the stock is currently owned by institutional investors.
Fluence Energy Company Profile
Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.
The company’s core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.