A better buy-in window may exist right now for Fluence Energy Inc. (FLNC)

Fluence Energy Inc. (NASDAQ: FLNC) stock fell -11.34% on Friday to $15.56 against a previous-day closing price of $17.55. With 1.41 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.22 million shares. During the session, the Utilities – Renewable company that operates in wider Utilities sector, reached to the highest price of $17.71 whereas the lowest price it dropped to was $15.27. 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 $23.87.

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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 down-trending over the past week, with a drop of -18.83%, but this was down by -11.09% over a month. Three-month performance surged to 56.38% while six-month performance rose 14.58%. A look at the trailing 12-month EPS for FLNC yields -3.00 with Next year EPS estimates of -0.67. For the next quarter, that number is -0.28. This implies an EPS growth rate of -246.80% for this year and 50.80% for next year.

Float and Shares Shorts:

At present, 172.89 million FLNC shares are outstanding with a float of 113.91 million shares on hand for trading. On Aug 30, 2022, short shares totaled 6.06 million, which was 5.30% higher than short shares on Jul 28, 2022. In addition to Mr. Dennis Fehr as the firm’s Exec. Officer, Ms. Rebecca Boll serves as its Sr. VP & Chief Product Officer.

Institutional Ownership:

Through their ownership of 53.27% of FLNC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 51.38% of FLNC, in contrast to 21.30% held by mutual funds. Shares owned by individuals account for 12.72%. As the largest shareholder in FLNC with 5.11% of the stake, BNP Paribas Asset Management UK L holds 5,837,636 shares worth 5,837,636. A second-largest stockholder of FLNC, Schroder Investment Management Lt, holds 3,606,086 shares, controlling over 3.16% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in FLNC, holding 3,228,196 shares or 2.82% stake. With a 4.51% stake in FLNC, the BNP Paribas Funds – Energy Transi is the largest stakeholder. A total of 5,154,792 shares are owned by the mutual fund manager. The Handelsbanken Hallbar Energi, which owns about 1.37% of FLNC stock, is the second-largest Mutual Fund holder. It holds 1,565,454 shares valued at 31.23 million. Government Pension Fund – Global holds 1.26% of the stake in FLNC, owning 1,443,761 shares worth 28.8 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2022, FLNC reported revenue of $239.01M and operating income of -$61.03M. It generated -$19.35M net income for the quarter, which came to -$229.34M over the last twelve months. The EBITDA in the recently reported quarter was -$59.26M and diluted EPS was -$0.35. EBITDA for the full year was -$312.75M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FLNC since 17 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 1 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 $39.00 and a low target of $7.00, the average target price over the next 12 months is $23.07. Based on these targets, FLNC could surge 150.64% to reach the target high and fall by -55.01% to reach the target low. Reaching the average price target will result in a growth of 48.26% 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 -$0.67 being high and -$1.97 being low. For FLNC, this leads to a yearly average estimate of -$1.34. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Fluence Energy Inc. surprised analysts by $0.04 when it reported -$0.27 EPS against a consensus estimate of -$0.31. The surprise factor in the prior quarter was -$0.02. Based on analyst estimates, the high estimate for the next quarter is -$0.21 and the low estimate is -$0.36. The average estimate for the next quarter is thus -$0.29.

Summary of Insider Activity:

Insiders traded FLNC stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 12,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 277,680 while 111,495 shares were sold.

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