Susquehanna Cuts Fluence Energy (NASDAQ:FLNC) Price Target to $10.00

Fluence Energy (NASDAQ:FLNC) had its target price reduced by Susquehanna from $23.00 to $10.00 in a research report report published on Wednesday,Benzinga reports. Susquehanna currently has a positive rating on the stock.

Several other equities analysts have also recently commented on the stock. Truist Financial raised their price target on shares of Fluence Energy from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. BMO Capital Markets cut shares of Fluence Energy from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $22.00 to $10.00 in a research report on Tuesday. Piper Sandler decreased their price target on shares of Fluence Energy from $20.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday. Baird R W cut shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, Jefferies Financial Group cut 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 research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Fluence Energy has a consensus rating of “Hold” and an average price target of $14.64.

Fluence Energy Stock Performance

Fluence Energy stock opened at $6.43 on Wednesday. Fluence Energy has a fifty-two week low of $6.05 and a fifty-two week high of $26.12. The firm has a 50 day moving average price of $14.60 and a 200 day moving average price of $17.92. The company has a market capitalization of $1.16 billion, a PE ratio of 49.46, a price-to-earnings-growth ratio of 0.49 and a beta of 2.37.

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

Insider Buying and Selling

In related news, Director Herman E. Bulls purchased 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $6.53 per share, for a total transaction of $195,900.00. Following the purchase, the director now directly owns 105,861 shares of the company’s stock, valued at $691,272.33. The trade was a 39.55 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.65% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sanders Morris Harris LLC acquired a new position in Fluence Energy in the fourth quarter valued at $812,000. Cidel Asset Management Inc. acquired a new position in Fluence Energy in the fourth quarter valued at $350,000. SG Americas Securities LLC increased its stake in Fluence Energy by 79.2% in the fourth quarter. SG Americas Securities LLC now owns 48,883 shares of the company’s stock valued at $776,000 after purchasing an additional 21,597 shares during the period. FMR LLC increased its stake in Fluence Energy by 9.0% in the third quarter. FMR LLC now owns 1,606,100 shares of the company’s stock valued at $36,475,000 after purchasing an additional 132,868 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in Fluence Energy in the third quarter valued at $5,742,000. 53.16% of the stock is currently owned by institutional investors and hedge funds.

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.