Fluence Energy (NASDAQ:FLNC) Stock Price Up 9.5% After Analyst Upgrade

Fluence Energy, Inc. (NASDAQ:FLNC) shot up 9.5% on Wednesday after Royal Bank Of Canada raised their price target on the stock from $9.00 to $10.00. Royal Bank Of Canada currently has a sector perform rating on the stock. Fluence Energy traded as high as $18.84 and last traded at $18.3610. Approximately 2,257,634 shares traded hands during trading, a decline of 62% from the average session volume of 5,886,324 shares. The stock had previously closed at $16.77.

A number of other equities analysts have also recently commented on FLNC. Roth Capital lifted their target price on shares of Fluence Energy from $7.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Jefferies Financial Group upgraded Fluence Energy from an “underperform” rating to a “hold” rating and set a $16.00 price objective on the stock in a report on Wednesday. Morgan Stanley set a $14.00 target price on Fluence Energy in a report on Wednesday. UBS Group raised their price target on Fluence Energy from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 27th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $20.00 price objective on shares of Fluence Energy in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Fluence Energy has a consensus rating of “Reduce” and an average price target of $11.39.

Institutional Trading of Fluence Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC purchased a new position in shares of Fluence Energy during the 3rd quarter worth approximately $48,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Fluence Energy in the 3rd quarter valued at approximately $14,207,000. Dark Forest Capital Management LP bought a new stake in shares of Fluence Energy during the third quarter valued at approximately $723,000. PharVision Advisers LLC purchased a new stake in Fluence Energy in the third quarter worth $377,000. Finally, FWL Investment Management LLC bought a new position in Fluence Energy in the third quarter worth $219,000. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

Fluence Energy Stock Performance

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 firm has a market cap of $3.30 billion, a P/E ratio of -43.08 and a beta of 2.88. The business has a fifty day simple moving average of $16.09 and a 200-day simple moving average of $10.15.

Fluence Energy (NASDAQ:FLNC) last released its earnings results on Monday, November 24th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Fluence Energy had a negative return on equity of 9.36% and a negative net margin of 2.17%.The firm’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 earnings per share. Fluence Energy has set its FY 2026 guidance at EPS. On average, sell-side analysts predict that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

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.