Susquehanna Cuts Fluence Energy (NASDAQ:FLNC) Price Target to $10.00

Fluence Energy (NASDAQ:FLNC) had its price target decreased by equities research analysts at Susquehanna from $23.00 to $10.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s price target would indicate a potential upside of 61.81% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Bank of America dropped their price objective on shares of Fluence Energy from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. BMO Capital Markets lowered shares of Fluence Energy from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $22.00 to $10.00 in a research note on Tuesday. Wolfe Research cut Fluence Energy from an “outperform” rating to a “peer perform” rating in a report on Wednesday. Roth Mkm lowered Fluence Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $20.00 to $6.50 in a report on Wednesday. Finally, Guggenheim downgraded Fluence Energy from a “buy” rating to a “sell” rating and cut their target price for the company from $26.00 to $6.00 in a research note on Tuesday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $14.64.

Fluence Energy Stock Down 5.4 %

Shares of NASDAQ FLNC opened at $6.18 on Wednesday. The stock has a market capitalization of $1.12 billion, a P/E ratio of 47.54, a PEG ratio of 0.49 and a beta of 2.37. The stock’s 50 day moving average price is $15.03 and its two-hundred day moving average price is $18.07. Fluence Energy has a 52-week low of $6.05 and a 52-week high of $26.12.

Fluence Energy (NASDAQ:FLNC) last released 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 return on equity of 4.10% and a net margin of 0.89%. On average, 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 purchased 10,000 shares of Fluence Energy stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of $15.57 per share, for a total transaction of $155,700.00. Following the transaction, the director now directly owns 75,861 shares in the company, valued at approximately $1,181,155.77. This represents a 15.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FLNC. Sanders Morris Harris LLC acquired a new position in Fluence Energy during the 4th quarter valued at about $812,000. Cidel Asset Management Inc. acquired a new stake in shares of Fluence Energy during the 4th quarter worth approximately $350,000. SG Americas Securities LLC raised its stake in shares of Fluence Energy by 79.2% during the fourth quarter. SG Americas Securities LLC now owns 48,883 shares of the company’s stock worth $776,000 after buying an additional 21,597 shares during the last quarter. FMR LLC lifted its holdings in Fluence Energy by 9.0% in the third quarter. FMR LLC now owns 1,606,100 shares of the company’s stock valued at $36,475,000 after buying an additional 132,868 shares during the period. Finally, Principal Financial Group Inc. bought a new position in Fluence Energy in the third quarter valued at approximately $5,742,000. 53.16% of the stock is currently 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.