Fluence Energy (NASDAQ:FLNC) Stock Rating Lowered by Guggenheim

Fluence Energy (NASDAQ:FLNC) was downgraded by equities researchers at Guggenheim from a “buy” rating to a “sell” rating in a note issued to investors on Tuesday,Briefing.com Automated Import 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 would indicate a potential downside of 54.09% from the stock’s previous close.

Several other equities research analysts have also issued reports on FLNC. Jefferies Financial Group lowered shares of Fluence Energy from a “buy” rating to a “hold” rating and decreased their price target for the company from $22.00 to $15.00 in a report on Wednesday, January 22nd. Bank of America decreased their price target on shares of Fluence Energy from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Robert W. Baird reissued a “neutral” rating and set a $20.00 target price (down from $24.00) on shares of Fluence Energy in a report on Wednesday, December 18th. BMO Capital Markets boosted their target price on shares of Fluence Energy from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Baird R W lowered shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Fluence Energy has a consensus rating of “Hold” and a consensus target price of $23.85.

Fluence Energy Trading Up 4.3 %

Shares of Fluence Energy stock opened at $13.07 on Tuesday. The firm has a market capitalization of $2.37 billion, a PE ratio of 100.54, a price-to-earnings-growth ratio of 0.49 and a beta of 2.37. The firm’s 50 day moving average is $15.58 and its 200 day moving average is $18.23. Fluence Energy has a 1 year low of $11.89 and a 1 year high of $26.12.

Fluence Energy (NASDAQ:FLNC) last announced 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 net margin of 0.89% and a return on equity of 4.10%. As a group, research analysts anticipate that Fluence Energy will post 0.48 earnings per share for the current year.

Insider Activity at Fluence Energy

In related news, Director Herman E. Bulls bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $15.57 per share, for a total transaction of $155,700.00. Following the transaction, the director now directly owns 75,861 shares of the company’s stock, valued at approximately $1,181,155.77. The trade was a 15.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.65% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC lifted its position in shares of Fluence Energy by 70.6% during the 4th quarter. Intech Investment Management LLC now owns 23,210 shares of the company’s stock valued at $369,000 after acquiring an additional 9,602 shares during the period. Royce & Associates LP acquired a new position in Fluence Energy during the fourth quarter worth $3,255,000. Commonwealth Equity Services LLC raised its holdings in Fluence Energy by 52.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 50,763 shares of the company’s stock worth $806,000 after buying an additional 17,437 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in Fluence Energy by 46.9% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 322,382 shares of the company’s stock worth $5,119,000 after buying an additional 102,861 shares during the last quarter. Finally, Lazard Freres Gestion S.A.S. raised its holdings in 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 buying an additional 1,500 shares during the last quarter. Institutional investors and hedge funds 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.