Fluence Energy Inc. (FLNC) can make a big difference with a little luck

Fluence Energy Inc. (NASDAQ: FLNC) stock jumped 26.17% on Friday to $12.63 against a previous-day closing price of $10.01. With 1.82 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.36 million shares. During the session, the Utilities – Renewable company that operates in wider Utilities sector, reached to the highest price of $12.73 whereas the lowest price it dropped to was $11.19. The 52-week range on FLNC shows that it touched its highest point at $39.40 and its lowest point at $4.96 during that stretch. It currently has a 1-year price target of $18.97.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FLNC was up-trending over the past week, with a rise of 13.68%, but this was up by 34.65% over a month. Three-month performance surged to 38.79% while six-month performance fell -36.72%. A look at the trailing 12-month EPS for FLNC yields -1.38 with Next year EPS estimates of -0.61. For the next quarter, that number is -0.34. This implies an EPS growth rate of -237.40% for this year and 72.60% for next year.

Float and Shares Shorts:

At present, 171.32 million FLNC shares are outstanding with a float of 55.02 million shares on hand for trading. On Apr 28, 2022, short shares totaled 6.16 million, which was 11.37% higher than short shares on Mar 30, 2022. In addition to Mr. Manuel Pérez Dubuc as the firm’s CEO & Director, Mr. Dennis Fehr serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 108.71% of FLNC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.35% of FLNC, in contrast to 51.62% held by mutual funds. Shares owned by individuals account for 25.24%. As the largest shareholder in FLNC with 4.86% of the stake, BNP Paribas Asset Management UK L holds 5,525,429 shares worth 5,525,429. A second-largest stockholder of FLNC, Schroder Investment Management Lt, holds 2,715,056 shares, controlling over 2.39% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in FLNC, holding 2,337,296 shares or 2.06% stake. With a 4.51% stake in FLNC, the BNP Paribas Funds – Energy Transi is the largest stakeholder. A total of 5,128,824 shares are owned by the mutual fund manager. The Invesco WilderHill Clean Energy E, which owns about 2.50% of FLNC stock, is the second-largest Mutual Fund holder. It holds 1,376,521 shares valued at 13.05 million. iShares Russell 2000 ETF holds 1.39% of the stake in FLNC, owning 767,279 shares worth 7.27 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FLNC since 14 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With FLNC analysts setting a high price target of $29.00 and a low target of $7.00, the average target price over the next 12 months is $15.95. Based on these targets, FLNC could surge 129.61% to reach the target high and fall by -44.58% to reach the target low. Reaching the average price target will result in a growth of 26.29% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. FLNC will report FY 2022 earnings on 12/08/2022. Analysts have provided yearly estimates in a range of -$0.74 being high and -$1.72 being low. For FLNC, this leads to a yearly average estimate of -$1.30. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Fluence Energy Inc. surprised analysts by -$0.02 when it reported -$0.31 EPS against a consensus estimate of -$0.30. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.18 and the low estimate is -$0.51. The average estimate for the next quarter is thus -$0.31.

Summary of Insider Activity:

Insiders traded FLNC stock several times over the past three months with 3 Buys and 1 Sells. In these transactions, 104,208 shares were bought while 84,208 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 265,680 while 111,495 shares were sold.

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