Fluence Energy, Inc. (NASDAQ:FLNC – Get Free Report) has earned an average recommendation of “Moderate Buy” from the twenty research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $28.67.
Several analysts have issued reports on FLNC shares. BMO Capital Markets cut their price target on shares of Fluence Energy from $31.00 to $28.00 and set a “market perform” rating for the company in a research report on Monday, August 14th. Roth Mkm dropped their target price on shares of Fluence Energy from $31.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, August 11th. Morgan Stanley dropped their target price on shares of Fluence Energy from $30.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, October 17th. Guggenheim increased their target price on shares of Fluence Energy from $40.00 to $44.00 in a report on Friday, August 11th. Finally, Citigroup increased their target price on shares of Fluence Energy from $28.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, July 27th.
Hedge Funds Weigh In On Fluence Energy
Fluence Energy Stock Performance
NASDAQ FLNC opened at $17.26 on Monday. The company has a 50-day simple moving average of $22.82 and a two-hundred day simple moving average of $23.79. The company has a quick ratio of 0.92, a current ratio of 1.46 and a debt-to-equity ratio of 0.09. Fluence Energy has a 12-month low of $12.60 and a 12-month high of $31.32. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of -18.36 and a beta of 2.60.
Fluence Energy (NASDAQ:FLNC – Get Free Report) last posted its quarterly earnings results on Wednesday, August 9th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.01. Fluence Energy had a negative net margin of 5.54% and a negative return on equity of 21.07%. The business had revenue of $536.35 million during the quarter, compared to analyst estimates of $478.49 million. During the same period in the prior year, the business posted ($0.99) earnings per share. The company’s revenue was up 124.4% on a year-over-year basis. On average, equities analysts forecast that Fluence Energy will post -0.7 EPS for the current year.
About Fluence Energy
Fluence Energy, Inc, through its subsidiaries, offers energy storage products and services, and artificial intelligence enabled digital applications for renewables and storage applications in the Americas, Asia Pacific, Europe, Middle-East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.
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