Fluence Energy (FLNC) Set to Announce Quarterly Earnings on Tuesday

Fluence Energy (NASDAQ:FLNC) will be releasing its earnings data after the market closes on Tuesday, November 28th. Analysts expect Fluence Energy to post earnings of ($0.08) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Fluence Energy Stock Up 0.6 %

Fluence Energy stock opened at $19.27 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.46 and a quick ratio of 0.92. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of -20.50 and a beta of 2.66. Fluence Energy has a 1-year low of $14.02 and a 1-year high of $31.32. The business has a fifty day moving average price of $20.48 and a 200-day moving average price of $23.67.

Wall Street Analyst Weigh In

FLNC has been the topic of several analyst reports. Citigroup lifted their price target on shares of Fluence Energy from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Bank of America raised Fluence Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $24.00 to $26.00 in a research report on Wednesday, November 8th. BNP Paribas started coverage on shares of Fluence Energy in a research note on Friday, October 20th. They set an “underperform” rating and a $18.00 target price for the company. BMO Capital Markets decreased their target price on shares of Fluence Energy from $31.00 to $28.00 and set a “market perform” rating for the company in a research note on Monday, August 14th. Finally, JPMorgan Chase & Co. cut their price target on shares of Fluence Energy from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.67.

Hedge Funds Weigh In On Fluence Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Point72 Hong Kong Ltd bought a new position in Fluence Energy in the 2nd quarter valued at approximately $39,000. Quarry LP raised its holdings in Fluence Energy by 342.2% in the 1st quarter. Quarry LP now owns 2,401 shares of the company’s stock valued at $49,000 after buying an additional 1,858 shares during the last quarter. Legal & General Group Plc increased its position in Fluence Energy by 107.9% during the 2nd quarter. Legal & General Group Plc now owns 5,940 shares of the company’s stock valued at $56,000 after purchasing an additional 3,083 shares during the period. Quantbot Technologies LP acquired a new stake in Fluence Energy during the 1st quarter valued at approximately $69,000. Finally, Ameritas Investment Partners Inc. grew its position in shares of Fluence Energy by 20.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,251 shares of the company’s stock worth $87,000 after buying an additional 556 shares during the period. 53.16% of the stock is currently owned by institutional investors and hedge funds.

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.