Fluence Energy (NASDAQ:FLNC) Shares Gap Up – Should You Buy?

Fluence Energy, Inc. (NASDAQ:FLNC) shares gapped up before the market opened on Friday . The stock had previously closed at $18.95, but opened at $20.40. Fluence Energy shares last traded at $19.2070, with a volume of 1,926,742 shares changing hands.

Analyst Ratings Changes

FLNC has been the topic of several recent analyst reports. Wall Street Zen raised Fluence Energy from a “sell” rating to a “hold” rating in a research report on Sunday, November 2nd. Canaccord Genuity Group boosted their price target on Fluence Energy from $10.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Barclays increased their price objective on shares of Fluence Energy from $15.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th. Citigroup lifted their target price on shares of Fluence Energy from $7.50 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Finally, Mizuho set a $13.00 price target on shares of Fluence Energy in a research note on Friday. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Fluence Energy currently has an average rating of “Hold” and a consensus price target of $16.14.

Fluence Energy Price Performance

The company has a quick ratio of 1.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average price is $23.44 and its two-hundred day moving average price is $16.41. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of -44.18 and a beta of 2.90.

Fluence Energy (NASDAQ:FLNC) last posted its earnings results on Wednesday, February 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.16). The business had revenue of $475.23 million for the quarter, compared to analyst estimates of $444.23 million. Fluence Energy had a negative net margin of 2.04% and a negative return on equity of 10.10%. The company’s revenue for the quarter was up 154.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.32) earnings per share. Equities research analysts forecast that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Trading of Fluence Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in Fluence Energy by 22.2% during the fourth 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. Advisory Services Network LLC acquired a new stake in shares of Fluence Energy during the 3rd quarter worth approximately $48,000. Quantbot Technologies LP purchased a new position in shares of Fluence Energy during the 3rd quarter valued at approximately $51,000. Ameritas Investment Partners Inc. increased its holdings in shares of Fluence Energy by 25.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company’s stock valued at $52,000 after purchasing an additional 1,586 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of Fluence Energy by 4,371.4% in the 3rd quarter. Quarry LP now owns 5,947 shares of the company’s stock valued at $64,000 after purchasing an additional 5,814 shares during the period. 53.16% of the stock is owned by institutional investors and hedge funds.

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.