Fluence Energy (NASDAQ:FLNC) Coverage Initiated by Analysts at Mizuho

Mizuho began coverage on shares of Fluence Energy (NASDAQ:FLNC) in a research report report published on Wednesday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $8.00 price objective on the stock.

FLNC has been the subject of several other reports. UBS Group downgraded Fluence Energy from a “buy” rating to a “neutral” rating and reduced their target price for the company from $28.00 to $8.00 in a research note on Wednesday, February 12th. The Goldman Sachs Group reduced their target price on Fluence Energy from $26.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Susquehanna reduced their target price on Fluence Energy from $23.00 to $10.00 and set a “positive” rating for the company in a research note on Wednesday, February 12th. Wolfe Research downgraded Fluence Energy from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 12th. Finally, Roth Mkm downgraded Fluence Energy from a “buy” rating to a “neutral” rating and reduced their target price for the company from $20.00 to $6.50 in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.34.

Fluence Energy Stock Up 4.6 %

Shares of NASDAQ:FLNC opened at $5.45 on Wednesday. The firm has a market cap of $989.44 million, a P/E ratio of -109.00 and a beta of 2.37. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.74. Fluence Energy has a 12-month low of $4.78 and a 12-month high of $26.12. The business has a fifty day simple moving average of $12.15 and a 200 day simple moving average of $17.15.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings data 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 return on equity of 0.36% and a negative net margin of 0.08%. Analysts predict that Fluence Energy will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Fluence Energy

In related news, CFO Ahmed Pasha bought 15,500 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was bought at an average cost of $6.48 per share, for a total transaction of $100,440.00. Following the completion of the transaction, the chief financial officer now owns 24,703 shares of the company’s stock, valued at approximately $160,075.44. The trade was a 168.42 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Herman E. Bulls bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of $15.57 per share, with a total value of $155,700.00. Following the completion of the transaction, the director now directly owns 75,861 shares of the company’s stock, valued at $1,181,155.77. This represents a 15.18 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 79,000 shares of company stock valued at $601,265 in the last 90 days. 0.65% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLNC. US Bancorp DE boosted its position in Fluence Energy by 676.6% during the third quarter. US Bancorp DE now owns 1,693 shares of the company’s stock valued at $38,000 after buying an additional 1,475 shares during the period. Altshuler Shaham Ltd purchased a new stake in Fluence Energy during the fourth quarter valued at about $34,000. Point72 DIFC Ltd purchased a new stake in Fluence Energy during the third quarter valued at about $74,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Fluence Energy during the third quarter valued at about $87,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new stake in Fluence Energy during the fourth quarter valued at about $79,000. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

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.