Weiss Ratings Reiterates Sell (E+) Rating for Fluence Energy (NASDAQ:FLNC)

Fluence Energy (NASDAQ:FLNC)‘s stock had its “sell (e+)” rating reissued by Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

A number of other analysts also recently issued reports on the stock. The Goldman Sachs Group raised their price target 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. UBS Group raised their price target on shares of Fluence Energy from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Wednesday, August 27th. Seaport Res Ptn downgraded shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Susquehanna raised their price objective on shares of Fluence Energy from $9.00 to $17.00 and gave the stock a “positive” rating in a report on Monday, October 13th. Finally, BNP Paribas Exane reissued an “underperform” rating and issued a $9.00 price objective on shares of Fluence Energy in a report on Tuesday, October 21st. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $9.12.

Fluence Energy Stock Performance

Shares of NASDAQ FLNC opened at $21.00 on Friday. The firm’s 50-day moving average price is $12.30 and its 200-day moving average price is $8.42. The company has a quick ratio of 1.06, a current ratio of 1.64 and a debt-to-equity ratio of 0.75. The company has a market cap of $3.83 billion, a PE ratio of -100.00 and a beta of 2.76. Fluence Energy has a 52-week low of $3.46 and a 52-week high of $24.00.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The firm had revenue of $602.53 million for the quarter, compared to the consensus estimate of $738.52 million. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. The business’s revenue was up 24.7% on a year-over-year basis. Fluence Energy has set its FY 2025 guidance at EPS. As a group, analysts anticipate 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 added to or reduced their stakes in FLNC. Wealth Enhancement Advisory Services LLC bought a new stake in Fluence Energy during the 1st quarter worth approximately $128,000. Janney Montgomery Scott LLC bought a new stake in Fluence Energy during the 1st quarter worth approximately $403,000. Allspring Global Investments Holdings LLC raised its stake in Fluence Energy by 54.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 38,005 shares of the company’s stock worth $184,000 after acquiring an additional 13,427 shares during the period. KBC Group NV raised its stake in Fluence Energy by 44.7% during the 1st quarter. KBC Group NV now owns 156,656 shares of the company’s stock worth $760,000 after acquiring an additional 48,360 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new stake in Fluence Energy during the 1st quarter worth approximately $82,000. Institutional investors 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.