Key Points
- Director Heynitz Harald Von sold 10,000 Fluence Energy shares on March 18 at an average price of $16.50 (≈$165,000), cutting his stake by 13.6% to 63,550 shares.
- Financials: Fluence missed EPS expectations (reported -$0.34 vs. -$0.18 expected) but beat revenue estimates ($475.2M vs. $444.2M), with a negative net margin (-2.04%) and revenue up ~154% year-over-year.
- Market/analyst context: The stock trades near $15.94 with a consensus analyst target of $16.25 and an overall rating of "Hold," while institutional investors own about 53% of the company.
Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) Director Heynitz Harald Von sold 10,000 shares of the business's stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total value of $165,000.00. Following the completion of the sale, the director owned 63,550 shares in the company, valued at $1,048,575. This represents a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Fluence Energy Stock Down 0.6%
Shares of FLNC opened at $15.94 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.08. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of -36.23 and a beta of 2.99. Fluence Energy, Inc. has a 1 year low of $3.46 and a 1 year high of $33.51. The business's 50 day simple moving average is $20.83 and its 200-day simple moving average is $18.07.
Fluence Energy (NASDAQ:FLNC - Get Free Report) last posted its earnings results on Wednesday, February 4th. The company reported ($0.34) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.16). The business had revenue of $475.23 million during the quarter, compared to analysts' expectations of $444.23 million. Fluence Energy had a negative net margin of 2.04% and a negative return on equity of 10.10%. The company's revenue for the quarter was up 154.4% compared to the same quarter last year. During the same period last year, the business posted ($0.32) earnings per share. As a group, equities analysts expect that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Fluence Energy
A number of large investors have recently bought and sold shares of the business. Dragoneer Investment Group LLC purchased a new stake in Fluence Energy during the third quarter valued at approximately $65,883,000. Goldman Sachs Group Inc. grew its stake in Fluence Energy by 189.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company's stock worth $15,380,000 after buying an additional 2,076,668 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Fluence Energy by 5,489.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company's stock valued at $60,247,000 after buying an additional 2,991,292 shares in the last quarter. UBS Group AG raised its stake in Fluence Energy by 65.2% in the fourth quarter. UBS Group AG now owns 2,625,878 shares of the company's stock valued at $51,940,000 after buying an additional 1,036,423 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Fluence Energy by 11.3% in the third quarter. Millennium Management LLC now owns 2,232,750 shares of the company's stock worth $24,114,000 after acquiring an additional 227,080 shares in the last quarter. Institutional investors own 53.16% of the company's stock.
Analysts Set New Price Targets
FLNC has been the subject of several analyst reports. Roth Mkm reaffirmed a "neutral" rating and issued a $26.00 price objective on shares of Fluence Energy in a research note on Wednesday, January 28th. Canaccord Genuity Group increased their price target on Fluence Energy from $10.00 to $25.00 and gave the company a "buy" rating in a report on Wednesday, November 26th. UBS Group restated a "neutral" rating on shares of Fluence Energy in a research report on Thursday, January 15th. Guggenheim upgraded shares of Fluence Energy from a "sell" rating to a "neutral" rating in a research report on Thursday. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $12.00 target price on shares of Fluence Energy in a research note on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $16.25.
View Our Latest Stock Analysis on FLNC
Fluence Energy Company Profile
(
Get Free Report)
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.
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