Fluence Energy, Inc. (NASDAQ:FLNC) Given Consensus Rating of “Hold” by Brokerages

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have been given an average rating of “Hold” by the twenty ratings firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $16.25.

FLNC has been the topic of several recent research reports. Morgan Stanley set a $16.00 price target on shares of Fluence Energy in a research report on Monday, January 26th. Susquehanna reissued a “positive” rating and issued a $27.00 price objective on shares of Fluence Energy in a research note on Friday, February 6th. The Goldman Sachs Group raised their target price on Fluence Energy from $26.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Citigroup upped their price target on Fluence Energy from $7.50 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Finally, Barclays increased their price target on Fluence Energy from $15.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th.

Fluence Energy Trading Down 1.0%

NASDAQ FLNC opened at $16.33 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.08. Fluence Energy has a one year low of $3.46 and a one year high of $33.51. The business has a 50 day simple moving average of $22.26 and a 200 day simple moving average of $17.21. The stock has a market capitalization of $3.00 billion, a P/E ratio of -37.11 and a beta of 2.90.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FLNC. Dragoneer Investment Group LLC bought a new stake in Fluence Energy in the 3rd quarter worth about $65,883,000. Goldman Sachs Group Inc. lifted its position in shares of Fluence Energy by 189.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after buying an additional 2,076,668 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Fluence Energy by 5,489.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock worth $60,247,000 after buying an additional 2,991,292 shares during the last quarter. UBS Group AG grew its holdings in shares of Fluence Energy by 65.2% in the fourth quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock valued at $51,940,000 after acquiring an additional 1,036,423 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Fluence Energy by 11.3% in the third quarter. Millennium Management LLC now owns 2,232,750 shares of the company’s stock valued at $24,114,000 after acquiring an additional 227,080 shares in the last quarter. 53.16% of the stock is owned by institutional investors.

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.