Fluence Energy, Inc. (NASDAQ:FLNC) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have received an average recommendation of “Reduce” from the twenty-six ratings firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $13.5435.

A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Fluence Energy in a research note on Monday, December 29th. Mizuho reiterated an “underperform” rating and set a $15.00 price target (up from $9.00) on shares of Fluence Energy in a research report on Monday, December 8th. Johnson Rice restated a “hold” rating and issued a $18.00 target price on shares of Fluence Energy in a research note on Monday, December 8th. The Goldman Sachs Group upped their target price on shares of Fluence Energy from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Finally, Wall Street Zen upgraded shares of Fluence Energy from a “sell” rating to a “hold” rating in a report on Sunday, November 2nd.

Fluence Energy Trading Down 1.9%

NASDAQ:FLNC opened at $21.83 on Wednesday. Fluence Energy has a 52 week low of $3.46 and a 52 week high of $25.85. The firm has a 50-day moving average price of $20.07 and a two-hundred day moving average price of $13.51. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.17 and a current ratio of 1.51. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of -51.98 and a beta of 2.88.

Fluence Energy (NASDAQ:FLNC) last released its earnings results on Monday, November 24th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.10). The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.39 billion. Fluence Energy had a negative net margin of 2.14% and a negative return on equity of 9.21%. The business’s revenue was down 15.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 earnings per share. On average, equities analysts expect that Fluence Energy will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fluence Energy

A number of large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Fluence Energy by 22.2% in the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after purchasing an additional 437 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Fluence Energy in the 3rd quarter worth approximately $48,000. Parallel Advisors LLC purchased a new position in shares of Fluence Energy during the second quarter valued at approximately $30,000. Quantbot Technologies LP bought a new position in shares of Fluence Energy during the third quarter valued at approximately $51,000. Finally, Quarry LP lifted its stake in Fluence Energy by 4,371.4% in the third quarter. Quarry LP now owns 5,947 shares of the company’s stock worth $64,000 after acquiring an additional 5,814 shares during the period. Institutional investors own 53.16% of the company’s stock.

About Fluence Energy

Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.

The company’s core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.