Fluence Energy (NASDAQ:FLNC) Trading 9.7% Higher on Analyst Upgrade

Fluence Energy, Inc. (NASDAQ:FLNC) traded up 9.7% on Wednesday after The Goldman Sachs Group raised their price target on the stock from $10.00 to $15.00. The Goldman Sachs Group currently has a buy rating on the stock. Fluence Energy traded as high as $15.38 and last traded at $15.17. 3,284,947 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 5,461,683 shares. The stock had previously closed at $13.83.

Other equities research analysts also recently issued research reports about the company. Barclays set a $13.00 target price on Fluence Energy in a report on Tuesday. Seaport Res Ptn downgraded Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Hsbc Global Res downgraded Fluence Energy from a “hold” rating to a “moderate sell” rating in a report on Wednesday, August 13th. HSBC downgraded Fluence Energy from a “hold” rating to a “reduce” rating and set a $5.00 target price for the company. in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada decreased their target price on Fluence Energy from $8.00 to $7.00 and set a “sector perform” rating for the company in a report on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $8.73.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Bryce Point Capital LLC acquired a new position in Fluence Energy in the first quarter valued at approximately $591,000. Janney Montgomery Scott LLC acquired a new position in Fluence Energy in the first quarter valued at approximately $403,000. Mizuho Markets Americas LLC increased its position in shares of Fluence Energy by 343.1% in the first quarter. Mizuho Markets Americas LLC now owns 281,185 shares of the company’s stock valued at $1,364,000 after buying an additional 217,725 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Fluence Energy by 2,409.2% in the first quarter. Federated Hermes Inc. now owns 541,168 shares of the company’s stock valued at $2,625,000 after buying an additional 519,601 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Fluence Energy by 616.2% in the first quarter. Hsbc Holdings PLC now owns 140,534 shares of the company’s stock valued at $669,000 after buying an additional 120,913 shares in the last quarter. 53.16% of the stock is owned by institutional investors and hedge funds.

Fluence Energy Price Performance

The firm has a market capitalization of $2.73 billion, a PE ratio of -71.24 and a beta of 2.76. The stock has a 50-day moving average price of $8.93 and a 200 day moving average price of $6.78. The company has a quick ratio of 1.06, a current ratio of 1.64 and a debt-to-equity ratio of 0.75.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $602.53 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. Equities analysts forecast that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

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.