Fluence Energy (FLNC) to Release Quarterly Earnings on Wednesday

Fluence Energy (NASDAQ:FLNC) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter. Fluence Energy has set its FY 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Fluence Energy (NASDAQ:FLNC) last released its earnings results on Wednesday, February 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). Fluence Energy had a negative net margin of 2.72% and a negative return on equity of 11.18%. The business had revenue of $363.96 million for the quarter, compared to analyst estimates of $403.93 million. During the same quarter in the previous year, the company posted ($0.21) earnings per share. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, analysts expect Fluence Energy to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Fluence Energy Price Performance

Shares of NASDAQ:FLNC opened at $20.90 on Monday. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of -39.43 and a beta of 2.48. The company has a 50 day moving average of $16.08 and a 200-day moving average of $19.11. Fluence Energy has a one year low of $13.03 and a one year high of $31.32.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. BMO Capital Markets raised shares of Fluence Energy from a “market perform” rating to an “outperform” rating and set a $27.00 target price for the company in a report on Tuesday, January 16th. JPMorgan Chase & Co. upgraded Fluence Energy from a “neutral” rating to an “overweight” rating and set a $23.00 price objective for the company in a report on Friday, February 23rd. Piper Sandler reduced their target price on Fluence Energy from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, April 11th. Susquehanna raised Fluence Energy from a “neutral” rating to a “positive” rating and set a $24.00 price target for the company in a research note on Monday, February 26th. Finally, The Goldman Sachs Group reduced their price objective on shares of Fluence Energy from $32.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.56.

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.