Fluence Energy (NASDAQ:FLNC) Trading 9.5% Higher on Analyst Upgrade

Fluence Energy, Inc. (NASDAQ:FLNC) shares rose 9.5% during mid-day trading on Wednesday after Canaccord Genuity Group raised their price target on the stock from $10.00 to $25.00. Canaccord Genuity Group currently has a buy rating on the stock. Fluence Energy traded as high as $18.84 and last traded at $18.3610. Approximately 2,257,634 shares were traded during trading, a decline of 62% from the average daily volume of 5,886,324 shares. The stock had previously closed at $16.77.

Several other research analysts have also recently issued reports on the stock. HSBC cut shares of Fluence Energy from a “hold” rating to a “reduce” rating and set a $5.00 target price on the stock. in a report on Wednesday, August 13th. JPMorgan Chase & Co. increased their price objective 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 objective on shares of Fluence Energy from $15.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group upgraded Fluence Energy from an “underperform” rating to a “hold” rating and upped their target price for the stock from $11.00 to $16.00 in a report on Wednesday. Finally, Bank of America increased their target price on Fluence Energy from $11.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Four research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $11.39.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC acquired a new stake in Fluence Energy in the second quarter worth about $30,000. Advisory Services Network LLC purchased a new position in shares of Fluence Energy in the 3rd quarter valued at approximately $48,000. Quantbot Technologies LP purchased a new position in shares of Fluence Energy in the 3rd quarter valued at approximately $51,000. Ameritas Investment Partners Inc. boosted its stake in Fluence Energy by 25.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company’s stock worth $52,000 after purchasing an additional 1,586 shares in the last quarter. Finally, TFB Advisors LLC purchased a new stake in Fluence Energy during the 1st quarter worth approximately $53,000. 53.16% of the stock is owned by institutional investors and hedge funds.

Fluence Energy Price Performance

The stock’s 50 day simple moving average is $16.32 and its 200-day simple moving average is $10.22. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of -45.21 and a beta of 2.88. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.64.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Monday, November 24th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Fluence Energy had a negative net margin of 2.17% and a negative return on equity of 9.36%. Fluence Energy’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same period last year, the firm earned $0.34 earnings per share. Fluence Energy has set its FY 2026 guidance at EPS. Equities research analysts anticipate 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.