Fluence Energy (NASDAQ:FLNC) Shares Gap Down – Time to Sell?

Fluence Energy, Inc. (NASDAQ:FLNC)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $16.13, but opened at $15.75. Fluence Energy shares last traded at $15.91, with a volume of 117,344 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Citigroup lowered Fluence Energy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $32.00 to $24.00 in a research report on Tuesday, October 1st. Jefferies Financial Group assumed coverage on shares of Fluence Energy in a research report on Wednesday, September 4th. They set a “buy” rating and a $26.00 price target on the stock. Robert W. Baird reaffirmed a “neutral” rating and issued a $20.00 price objective (down from $24.00) on shares of Fluence Energy in a research report on Wednesday, December 18th. Baird R W downgraded Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, Bank of America reduced their target price on Fluence Energy from $25.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.65.

Fluence Energy Price Performance

The firm’s 50 day moving average price is $19.18 and its two-hundred day moving average price is $18.99. The stock has a market cap of $2.94 billion, a PE ratio of 124.92, a P/E/G ratio of 0.54 and a beta of 2.39.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Monday, November 25th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. Fluence Energy had a net margin of 0.89% and a return on equity of 4.10%. Fluence Energy’s revenue was up 82.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 EPS. Analysts anticipate that Fluence Energy, Inc. will post 0.56 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Herman E. Bulls acquired 10,000 shares of Fluence Energy 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 purchase, the director now owns 75,861 shares in the company, valued at approximately $1,181,155.77. The trade was a 15.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Hsbc Holdings PLC increased its holdings in shares of Fluence Energy by 3.8% in the second quarter. Hsbc Holdings PLC now owns 24,250 shares of the company’s stock worth $420,000 after purchasing an additional 897 shares during the period. US Bancorp DE increased its stake in Fluence Energy by 676.6% in the third quarter. US Bancorp DE now owns 1,693 shares of the company’s stock valued at $38,000 after acquiring an additional 1,475 shares during the last quarter. Blue Trust Inc. raised its position in Fluence Energy by 45.3% during the third quarter. Blue Trust Inc. now owns 4,821 shares of the company’s stock valued at $109,000 after purchasing an additional 1,502 shares in the last quarter. PARK CIRCLE Co bought a new stake in Fluence Energy in the 2nd quarter worth approximately $28,000. Finally, CWM LLC lifted its holdings in shares of Fluence Energy by 164.4% in the 3rd quarter. CWM LLC now owns 2,842 shares of the company’s stock worth $65,000 after acquiring an additional 1,767 shares during the last quarter. 53.16% of the stock is owned by institutional investors.

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.