Fluence Energy (NASDAQ:FLNC) Trading 8% Higher – Here’s What Happened

Fluence Energy, Inc. (NASDAQ:FLNC)’s share price was up 8% on Friday . The company traded as high as $23.01 and last traded at $22.87. Approximately 1,578,929 shares changed hands during trading, a decline of 62% from the average daily volume of 4,113,520 shares. The stock had previously closed at $21.18.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. BNP Paribas set a $9.00 target price on shares of Fluence Energy and gave the company an “underperform” rating in a research note on Tuesday, October 21st. Susquehanna upped their price objective on Fluence Energy from $17.00 to $20.00 and gave the company a “positive” rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. raised their target price on Fluence Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Canaccord Genuity Group upped their price target on shares of Fluence Energy from $10.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Finally, The Goldman Sachs Group raised their price objective on shares of Fluence Energy from $20.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $13.54.

Fluence Energy Trading Up 9.5%

The stock’s 50-day simple moving average is $20.13 and its two-hundred day simple moving average is $13.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.51 and a quick ratio of 1.17. The firm has a market capitalization of $4.24 billion, a P/E ratio of -55.24 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 for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Fluence Energy had a negative net margin of 2.14% and a negative return on equity of 9.21%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the firm posted $0.34 EPS. The firm’s quarterly revenue was down 15.2% compared to the same quarter last year. Equities research analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Fluence Energy

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in Fluence Energy by 22.2% during the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after purchasing an additional 437 shares during the period. Advisory Services Network LLC purchased a new stake in Fluence Energy during the 3rd quarter valued at approximately $48,000. Parallel Advisors LLC bought a new stake in shares of Fluence Energy during the second quarter valued at approximately $30,000. Quantbot Technologies LP purchased a new position in shares of Fluence Energy in the third quarter worth $51,000. Finally, Quarry LP boosted its position in shares of Fluence Energy by 4,371.4% during 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 last quarter. Institutional investors own 53.16% of the company’s stock.

Fluence Energy Company Profile

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.