Fluence Energy Target of Unusually High Options Trading (NASDAQ:FLNC)

Fluence Energy, Inc. (NASDAQ:FLNC) was the recipient of unusually large options trading on Wednesday. Stock traders bought 6,559 call options on the stock. This is an increase of 68% compared to the average daily volume of 3,911 call options.

Hedge Funds Weigh In On Fluence Energy

Hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC acquired a new stake in Fluence Energy during the 2nd quarter valued at $30,000. Ameritas Investment Partners Inc. grew its holdings in Fluence Energy by 25.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company’s stock valued at $52,000 after buying an additional 1,586 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in Fluence Energy by 462.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company’s stock valued at $39,000 after buying an additional 6,648 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Fluence Energy during the 2nd quarter valued at $67,000. Finally, Activest Wealth Management acquired a new stake in Fluence Energy during the 2nd quarter valued at $68,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

Fluence Energy Stock Down 0.3%

FLNC opened at $6.76 on Thursday. The business has a 50 day moving average price of $8.09 and a two-hundred day moving average price of $6.06. 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 company has a market cap of $1.23 billion, a PE ratio of -32.19 and a beta of 2.66. Fluence Energy has a 52 week low of $3.46 and a 52 week high of $24.00.

Fluence Energy (NASDAQ:FLNC) last issued its earnings results on Monday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $602.53 million during the quarter, compared to the consensus estimate of $738.52 million. Fluence Energy had a negative return on equity of 3.42% and a negative net margin of 0.76%.Fluence Energy’s revenue for the quarter was up 24.7% on a year-over-year basis. Fluence Energy has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Fluence Energy will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FLNC shares. Royal Bank Of Canada lowered their price objective on Fluence Energy from $8.00 to $7.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 13th. JPMorgan Chase & Co. upped their price objective on Fluence Energy from $5.00 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Seaport Res Ptn downgraded Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Mizuho reissued a “neutral” rating and issued a $10.00 target price (up from $6.00) on shares of Fluence Energy in a report on Monday, July 14th. Finally, BMO Capital Markets set a $5.00 target price on Fluence Energy and gave the company a “market perform” rating in a report on Wednesday, June 25th. Four equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $8.08.

Fluence Energy Company Profile

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.