Fluence Energy (NASDAQ:FLNC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Fluence Energy (NASDAQ:FLNC) from a sell rating to a hold rating in a research note released on Saturday morning.

Other analysts have also recently issued research reports about the stock. Barclays set a $13.00 price target on shares of Fluence Energy in a research report on Tuesday, October 7th. HSBC lowered shares of Fluence Energy from a “hold” rating to a “reduce” rating and set a $5.00 price objective on the stock. in a report on Wednesday, August 13th. Mizuho reiterated a “neutral” rating and set a $10.00 price objective (up previously from $6.00) on shares of Fluence Energy in a report on Monday, July 14th. Royal Bank Of Canada dropped their price objective on shares of Fluence Energy from $8.00 to $7.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 13th. Finally, The Goldman Sachs Group upped their price objective on shares of Fluence Energy from $10.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $9.28.

Fluence Energy Stock Performance

Shares of FLNC opened at $15.89 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $2.90 billion, a P/E ratio of -75.67 and a beta of 2.76. The firm’s fifty day simple moving average is $9.32 and its two-hundred day simple moving average is $7.00. Fluence Energy has a 12 month low of $3.46 and a 12 month high of $24.00.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $602.53 million for the quarter, compared to analysts’ expectations of $738.52 million. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. As a group, analysts predict that Fluence Energy will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Fluence Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its holdings in shares of Fluence Energy by 189.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after acquiring an additional 2,076,668 shares during the last quarter. CenterBook Partners LP acquired a new stake in shares of Fluence Energy in the 1st quarter worth about $12,458,000. SG Americas Securities LLC raised its holdings in shares of Fluence Energy by 1,794.8% in the 2nd quarter. SG Americas Securities LLC now owns 1,868,711 shares of the company’s stock worth $12,539,000 after acquiring an additional 1,770,090 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Fluence Energy by 10.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,683,637 shares of the company’s stock worth $11,298,000 after acquiring an additional 153,614 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in Fluence Energy by 83.7% in the 2nd quarter. Federated Hermes Inc. now owns 994,064 shares of the company’s stock valued at $6,670,000 after buying an additional 452,896 shares during the last quarter. Institutional investors and hedge funds own 53.16% of the company’s stock.

About Fluence Energy

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.