Fluence Energy, Inc. (NASDAQ:FLNC) Receives $13.54 Consensus PT from Brokerages

Fluence Energy, Inc. (NASDAQ:FLNC) has been given an average rating of “Reduce” by the twenty-six research firms that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $13.5435.

FLNC has been the topic of a number of research reports. Citigroup raised their price objective on shares of Fluence Energy from $7.50 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Wall Street Zen upgraded shares of Fluence Energy from a “sell” rating to a “hold” rating in a research note on Sunday, November 2nd. Barclays upped their price objective on Fluence Energy from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. BNP Paribas set a $9.00 target price on Fluence Energy and gave the company an “underperform” rating in a research report on Tuesday, October 21st. Finally, Susquehanna upped their price target on Fluence Energy from $17.00 to $20.00 and gave the stock a “positive” rating in a research report on Wednesday, November 26th.

Fluence Energy Stock Performance

FLNC stock opened at $23.20 on Wednesday. The company has a market cap of $4.24 billion, a P/E ratio of -55.24 and a beta of 2.88. Fluence Energy has a 1 year low of $3.46 and a 1 year high of $25.85. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.51 and a quick ratio of 1.17. The stock’s fifty day moving average price is $20.13 and its 200-day moving average price is $13.74.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings data on Monday, November 24th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Fluence Energy had a negative net margin of 2.14% and a negative return on equity of 9.21%. The firm’s revenue was down 15.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. On average, equities analysts forecast that Fluence Energy will post 0.08 earnings per share 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. Parallel Advisors LLC bought a new position in shares of Fluence Energy in the second quarter worth approximately $30,000. GAMMA Investing LLC lifted its stake in shares of Fluence Energy by 22.2% during the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after buying an additional 437 shares in the last quarter. Advisory Services Network LLC bought a new position in Fluence Energy in the 3rd quarter worth $48,000. Quantbot Technologies LP purchased a new stake in Fluence Energy in the 3rd quarter worth $51,000. Finally, Ameritas Investment Partners Inc. increased its stake in Fluence Energy by 25.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company’s stock worth $52,000 after buying an additional 1,586 shares in the last quarter. Institutional investors own 53.16% of the company’s stock.

About Fluence Energy

Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.

The company’s core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.