JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Fluence Energy (NASDAQ:FLNC) Stock

Fluence Energy (NASDAQ:FLNC) had its target price raised by equities research analysts at JPMorgan Chase & Co. from $8.00 to $9.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 3.85% from the stock’s current price.

Other research analysts have also issued reports about the stock. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $6.00 price target on shares of Fluence Energy in a research note on Friday, July 11th. BMO Capital Markets set a $5.00 price target on shares of Fluence Energy and gave the company a “market perform” rating in a research note on Wednesday, June 25th. UBS Group raised their price target on shares of Fluence Energy from $6.00 to $8.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. Mizuho reiterated a “neutral” rating and issued a $10.00 price objective (up previously from $6.00) on shares of Fluence Energy in a report on Monday, July 14th. Finally, HSBC downgraded shares of Fluence Energy from a “hold” rating to a “reduce” rating and set a $5.00 price objective for the company. in a report on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $8.13.

Fluence Energy Trading Up 18.2%

Shares of Fluence Energy stock opened at $9.36 on Friday. The firm has a market capitalization of $1.71 billion, a PE ratio of -44.57 and a beta of 2.66. Fluence Energy has a twelve month low of $3.46 and a twelve month high of $24.00. The firm’s 50-day moving average price is $7.99 and its 200 day moving average price is $6.15. The company has a current ratio of 1.64, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The firm had revenue of $602.53 million for the quarter, compared to analyst estimates of $738.52 million. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. Fluence Energy’s quarterly revenue was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Fluence Energy will post 0.08 EPS for the current fiscal year.

Institutional Trading of Fluence Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC purchased a new stake in Fluence Energy during the second quarter worth about $30,000. SBI Securities Co. Ltd. grew its stake in Fluence Energy by 462.6% during the first quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company’s stock worth $39,000 after buying an additional 6,648 shares during the period. Ameritas Investment Partners Inc. grew its stake in Fluence Energy by 25.7% during the second 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 during the period. TFB Advisors LLC purchased a new position in shares of Fluence Energy in the first quarter valued at $53,000. Finally, Voleon Capital Management LP purchased a new position in shares of Fluence Energy in the first quarter valued at $55,000. Hedge funds and other institutional investors own 53.16% of the company’s stock.

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.