Fluence Energy (NASDAQ:FLNC) Shares Gap Up After Analyst Upgrade

Fluence Energy, Inc. (NASDAQ:FLNC) gapped up prior to trading on Friday after Bank of America raised their price target on the stock from $11.00 to $17.00. The stock had previously closed at $16.03, but opened at $17.08. Bank of America currently has a neutral rating on the stock. Fluence Energy shares last traded at $18.06, with a volume of 2,010,774 shares.

FLNC has been the topic of a number of other reports. JPMorgan Chase & Co. raised their price target on shares of Fluence Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. The Goldman Sachs Group lifted their price target on Fluence Energy from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Mizuho reissued a “neutral” rating and issued a $10.00 price objective (up from $6.00) on shares of Fluence Energy in a research note on Monday, July 14th. Wall Street Zen upgraded Fluence Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Seaport Res Ptn lowered shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $9.12.

Institutional Investors Weigh In On Fluence Energy

Several hedge funds and other institutional investors have recently bought and sold shares of FLNC. Bryce Point Capital LLC acquired a new position in Fluence Energy in the 1st quarter valued at about $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 grew its position in Fluence Energy by 343.1% in the first quarter. Mizuho Markets Americas LLC now owns 281,185 shares of the company’s stock worth $1,364,000 after acquiring an additional 217,725 shares during the period. Federated Hermes Inc. increased its stake in Fluence Energy by 2,409.2% during the first quarter. Federated Hermes Inc. now owns 541,168 shares of the company’s stock worth $2,625,000 after acquiring an additional 519,601 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in 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 purchasing an additional 120,913 shares during the period. 53.16% of the stock is currently owned by institutional investors and hedge funds.

Fluence Energy Trading Up 21.8%

The firm has a market cap of $3.56 billion, a price-to-earnings ratio of -92.95 and a beta of 2.76. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.64. The company has a 50 day moving average price of $11.08 and a 200 day moving average price of $7.82.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm’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. On average, research analysts expect that Fluence Energy, Inc. will post 0.08 earnings per share for the current 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.