Fluence Energy (NASDAQ:FLNC) Reaches New 12-Month High – Still a Buy?

Fluence Energy, Inc. (NASDAQ:FLNC) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $26.32 and last traded at $25.50, with a volume of 7077338 shares trading hands. The stock had previously closed at $22.65.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FLNC shares. JPMorgan Chase & Co. upped their target price on Fluence Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. UBS Group reissued a “neutral” rating on shares of Fluence Energy in a report on Thursday. Susquehanna raised their target price on shares of Fluence Energy from $17.00 to $20.00 and gave the stock a “positive” rating in a research report on Wednesday, November 26th. BNP Paribas Exane reiterated an “underperform” rating and issued a $9.00 price target on shares of Fluence Energy in a research report on Tuesday, October 21st. Finally, Roth Capital increased their price target on shares of Fluence Energy from $7.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $13.76.

Fluence Energy Price Performance

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 company has a 50-day simple moving average of $20.55 and a 200-day simple moving average of $14.42. The stock has a market cap of $4.95 billion, a PE ratio of -64.48 and a beta of 2.88.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings results on Monday, November 24th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 EPS. Sell-side analysts anticipate that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluence Energy

Institutional investors have recently modified their holdings of the company. Parallel Advisors LLC purchased a new position in Fluence Energy in the 2nd quarter valued at approximately $30,000. GAMMA Investing LLC grew its holdings in Fluence Energy by 22.2% in the fourth 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 last quarter. Advisory Services Network LLC purchased a new position in shares of Fluence Energy in the third quarter valued at $48,000. Quantbot Technologies LP acquired a new position in shares of Fluence Energy during the 3rd quarter worth $51,000. Finally, Ameritas Investment Partners Inc. boosted its position in shares of 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 buying an additional 1,586 shares in the last quarter. Hedge funds and other 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.