Key Points
- Director Heynitz Harald Von sold 5,000 shares of Fluence Energy on June 15 at an average price of $25.00, totaling $125,000. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and his direct ownership fell to 58,550 shares.
- Fluence Energy recently reported better-than-expected quarterly earnings, posting an EPS loss of $0.16 versus estimates for a $0.18 loss. However, revenue came in below forecasts at $464.89 million, even though it rose 7.7% year over year.
- Wall Street remains cautious on FLNC, with analysts assigning a consensus Hold rating and an average price target of $19.47. Institutional ownership is also significant, with large investors holding more than half of the company’s shares.
Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) Director Heynitz Harald Von sold 5,000 shares of the company's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the sale, the director directly owned 58,550 shares in the company, valued at $1,463,750. This trade represents a 7.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Heynitz Harald Von also recently made the following trade(s):
- On Wednesday, March 18th, Heynitz Harald Von sold 10,000 shares of Fluence Energy stock. The stock was sold at an average price of $16.50, for a total transaction of $165,000.00.
Fluence Energy Price Performance
NASDAQ:FLNC opened at $23.92 on Wednesday. Fluence Energy, Inc. has a one year low of $5.32 and a one year high of $33.51. The company has a market cap of $4.41 billion, a P/E ratio of -66.44 and a beta of 2.77. The firm's fifty day moving average price is $18.64 and its two-hundred day moving average price is $19.61. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.91.
Fluence Energy (NASDAQ:FLNC - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.02. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The firm had revenue of $464.89 million for the quarter, compared to the consensus estimate of $614.93 million. During the same period in the previous year, the company earned ($0.24) earnings per share. The company's quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts expect that Fluence Energy, Inc. will post -0.22 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on FLNC shares. BMO Capital Markets reiterated a "market perform" rating and set a $15.00 price objective on shares of Fluence Energy in a research note on Wednesday, April 29th. Wall Street Zen downgraded shares of Fluence Energy from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. HSBC upgraded shares of Fluence Energy from a "reduce" rating to a "hold" rating and set a $19.00 price objective on the stock in a research note on Friday, May 8th. The Goldman Sachs Group reiterated a "buy" rating and set a $22.00 price objective on shares of Fluence Energy in a research note on Thursday, May 7th. Finally, Barclays reduced their price objective on shares of Fluence Energy from $20.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Monday, April 13th. Five investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $19.47.
Get Our Latest Analysis on Fluence Energy
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Dragoneer Investment Group LLC bought a new position in Fluence Energy in the 3rd quarter valued at approximately $65,883,000. Goldman Sachs Group Inc. raised its holdings in Fluence Energy by 189.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company's stock valued at $15,380,000 after buying an additional 2,076,668 shares during the last quarter. Bank of America Corp DE raised its holdings in Fluence Energy by 24.4% in the 1st quarter. Bank of America Corp DE now owns 3,085,730 shares of the company's stock valued at $42,460,000 after buying an additional 604,983 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Fluence Energy by 5,489.8% in 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 during the last quarter. Finally, UBS Group AG raised its holdings in Fluence Energy by 65.2% in the 4th 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. Institutional investors own 53.16% of the company's stock.
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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