Fluence Energy (NASDAQ:FLNC) Trading Up 8.5% - Time to Buy?

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report)'s stock price traded up 8.5% during mid-day trading on Tuesday . The stock traded as high as $11.23 and last traded at $11.2290. 3,293,715 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 7,947,335 shares. The stock had previously closed at $10.35. Several equities analysts recently weighed in on the company. Weiss Ratings reissued a "sell (e+)" rating on shares of Fluence Energy in a research report on Wednesday, August 5th. Roth Capital set a $18.00 price target on Fluence Energy in a research report on Friday, August 7th. UBS Group raised Fluence Energy from a "sell" rating to a "neutral" rating and increased their price objective for the company from $9.00 to $12.00 in a research report on Tuesday, August 25th. Morgan Stanley set a $15.00 price objective on shares of Fluence Energy in a research note on Friday, August 7th. Finally, Glj Research lowered shares of Fluence Energy from a "buy" rating to a "hold" rating and dropped their target price for the stock from $26.00 to $12.89 in a research report on Thursday, August 20th. Six analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $17.73. Read Our Latest Report on FLNC The firm has a market capitalization of $2.06 billion, a P/E ratio of -18.39 and a beta of 2.74. The company has a quick ratio of 0.89, a current ratio of 1.34 and a debt-to-equity ratio of 0.91. The business has a 50-day moving average price of $13.60 and a 200-day moving average price of $16.36. Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($0.24) earnings per share for the quarter. Fluence Energy had a negative net margin of 3.13% and a negative return on equity of 16.79%. The business had revenue of $649.85 million for the quarter, compared to analyst estimates of $818.57 million. During the same quarter last year, the firm posted $0.01 earnings per share. Fluence Energy's revenue was up 7.9% on a year-over-year basis. Analysts anticipate that Fluence Energy, Inc. will post -0.51 earnings per share for the current year. In other news, SVP John Zahurancik sold 16,000 shares of the business's stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $25.18, for a total value of $402,880.00. Following the transaction, the senior vice president directly owned 87,145 shares of the company's stock, valued at $2,194,311.10. The trade was a 15.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Harald von Heynitz sold 5,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $25.00, for a total value of $125,000.00. Following the sale, the director owned 58,550 shares in the company, valued at approximately $1,463,750. This trade represents a 7.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 36,974 shares of company stock valued at $879,787 in the last quarter. 0.69% of the stock is currently owned by corporate insiders. Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its position in shares of Fluence Energy by 1,441.8% during the first quarter. AQR Capital Management LLC now owns 900,674 shares of the company's stock worth $4,368,000 after purchasing an additional 842,257 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Fluence Energy in the 1st quarter worth approximately $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Fluence Energy by 2.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company's stock worth $575,000 after buying an additional 3,364 shares in the last quarter. Goldman Sachs Group Inc. boosted its position 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. Finally, Strs Ohio bought a new position in Fluence Energy in the 1st quarter valued at $93,000. Institutional investors and hedge funds own 53.16% of the company's stock. 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com. 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