Fluence Energy (NASDAQ:FLNC) Upgraded to Hold at Wall Street Zen

Fluence Energy (NASDAQ:FLNC) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

Several other research firms also recently weighed in on FLNC. Jefferies Financial Group increased their price target on Fluence Energy from $5.00 to $11.00 and gave the stock an “underperform” rating in a research note on Thursday, October 9th. Mizuho reiterated a “neutral” rating and set a $10.00 price target (up previously from $6.00) on shares of Fluence Energy in a research note on Monday, July 14th. JPMorgan Chase & Co. increased their price target on Fluence Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Seaport Res Ptn downgraded Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Finally, HSBC downgraded Fluence Energy from a “hold” rating to a “reduce” rating and set a $5.00 target price for the company. in a research note on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $9.12.

Fluence Energy Trading Up 2.6%

Shares of Fluence Energy stock opened at $21.00 on Friday. Fluence Energy has a 1 year low of $3.46 and a 1 year high of $24.00. The firm has a market cap of $3.83 billion, a PE ratio of -100.00 and a beta of 2.76. The stock has a fifty day moving average price of $12.30 and a 200-day moving average price of $8.42. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 1.06.

Fluence Energy (NASDAQ:FLNC) last announced its earnings results 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. Fluence Energy had a negative return on equity of 3.42% and a negative net margin of 0.76%.The firm had revenue of $602.53 million during the quarter, compared to analyst estimates of $738.52 million. The firm’s quarterly revenue was up 24.7% on a year-over-year basis. Fluence Energy has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Fluence Energy will post 0.08 EPS for the current year.

Institutional Trading of Fluence Energy

A number of large investors have recently modified their holdings of FLNC. CenterBook Partners LP purchased a new position in shares of Fluence Energy during the 1st quarter valued at about $12,458,000. Goldman Sachs Group Inc. raised its holdings in shares of Fluence Energy by 189.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after buying an additional 2,076,668 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Fluence Energy by 1,794.8% during the 2nd quarter. SG Americas Securities LLC now owns 1,868,711 shares of the company’s stock valued at $12,539,000 after buying an additional 1,770,090 shares in the last quarter. Edgestream Partners L.P. purchased a new position in shares of Fluence Energy during the 1st quarter valued at about $4,180,000. Finally, AQR Capital Management LLC raised its holdings in shares of Fluence Energy by 1,441.8% during the 1st quarter. AQR Capital Management LLC now owns 900,674 shares of the company’s stock valued at $4,368,000 after buying an additional 842,257 shares in the last quarter. Institutional investors own 53.16% of the company’s stock.

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.