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

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have been assigned a consensus recommendation of “Reduce” from the twenty-three ratings firms that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $15.1429.

FLNC has been the topic of a number of analyst reports. Roth Mkm reaffirmed a “neutral” rating and issued a $26.00 price objective on shares of Fluence Energy in a research note on Wednesday. Susquehanna boosted their target price on shares of Fluence Energy from $17.00 to $20.00 and gave the company a “positive” rating in a report on Wednesday, November 26th. Jefferies Financial Group raised shares of Fluence Energy from an “underperform” rating to a “hold” rating and upped their price target for the company from $11.00 to $16.00 in a research report on Wednesday, November 26th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $12.00 price objective on shares of Fluence Energy in a research report on Tuesday, January 20th. Finally, Mizuho reissued an “underperform” rating and issued a $15.00 price objective (up from $9.00) on shares of Fluence Energy in a research note on Monday, December 8th.

Hedge Funds Weigh In On Fluence Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in Fluence Energy by 22.2% in the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after acquiring an additional 437 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Fluence Energy by 17.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the company’s stock valued at $79,000 after purchasing an additional 586 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Fluence Energy by 8.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 13,452 shares of the company’s stock worth $160,000 after purchasing an additional 1,063 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Fluence Energy by 1.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,185 shares of the company’s stock worth $1,082,000 after buying an additional 1,082 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Fluence Energy by 4.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 30,657 shares of the company’s stock valued at $669,000 after buying an additional 1,434 shares during the period. 53.16% of the stock is currently owned by institutional investors.

Fluence Energy Trading Down 2.5%

NASDAQ FLNC opened at $30.77 on Friday. The firm has a market capitalization of $5.63 billion, a PE ratio of -73.26 and a beta of 2.88. The business’s 50-day moving average price is $22.63 and its two-hundred day moving average price is $15.82. The company has a current ratio of 1.51, a quick ratio of 1.17 and a debt-to-equity ratio of 0.71. Fluence Energy has a 12 month low of $3.46 and a 12 month high of $33.51.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings data on Monday, November 24th. The company reported $0.13 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 analyst estimates of $1.39 billion. Fluence Energy had a negative return on equity of 9.21% and a negative net margin of 2.14%.Fluence Energy’s revenue was down 15.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, analysts expect that Fluence Energy will post 0.08 EPS for the current year.

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.