Susquehanna Has Lowered Expectations for Fluence Energy (NASDAQ:FLNC) Stock Price

Fluence Energy (NASDAQ:FLNC) had its price objective reduced by equities researchers at Susquehanna from $23.00 to $10.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price objective would suggest a potential upside of 43.70% from the stock’s current price.

A number of other brokerages have also issued reports on FLNC. Barclays cut their price target on shares of Fluence Energy from $22.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday. Truist Financial upped their target price on Fluence Energy from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Robert W. Baird reaffirmed a “neutral” rating and set a $20.00 price target (down previously from $24.00) on shares of Fluence Energy in a research report on Wednesday, December 18th. Bank of America reduced their price objective on Fluence Energy from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Finally, Canaccord Genuity Group reduced their price objective on Fluence Energy from $34.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Fluence Energy presently has an average rating of “Hold” and an average target price of $16.55.

Fluence Energy Trading Down 0.6 %

Shares of FLNC stock traded down $0.04 during trading hours on Wednesday, reaching $6.96. 4,224,235 shares of the company’s stock were exchanged, compared to its average volume of 5,407,791. Fluence Energy has a fifty-two week low of $6.35 and a fifty-two week high of $26.12. The stock’s 50 day moving average is $15.47 and its 200-day moving average is $18.22. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 53.96, a P/E/G ratio of 0.49 and a beta of 2.37.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings results on Monday, February 10th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.15). Fluence Energy had a net margin of 0.89% and a return on equity of 4.10%. Equities analysts anticipate that Fluence Energy will post 0.48 EPS for the current year.

Insider Buying and Selling at Fluence Energy

In related news, Director Herman E. Bulls bought 10,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $15.57 per share, with a total value of $155,700.00. Following the purchase, the director now directly owns 75,861 shares of the company’s stock, valued at $1,181,155.77. This trade represents a 15.18 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.65% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fluence Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE raised 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 buying an additional 1,475 shares in the last quarter. CWM LLC raised its stake in shares of Fluence Energy by 164.4% during the third quarter. CWM LLC now owns 2,842 shares of the company’s stock worth $65,000 after purchasing an additional 1,767 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Fluence Energy during the third quarter worth $74,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in Fluence Energy in the 4th quarter valued at $79,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Fluence Energy during the 3rd quarter worth $87,000. Hedge funds and other institutional investors own 53.16% of the company’s stock.

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.