Roth Capital Predicts Increased Earnings for Fluence Energy

Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) - Investment analysts at Roth Capital boosted their FY2025 EPS estimates for shares of Fluence Energy in a research report issued to clients and investors on Thursday, August 7th. Roth Capital analyst J. Clare now anticipates that the company will post earnings of ($0.29) per share for the year, up from their prior forecast of ($0.34). The consensus estimate for Fluence Energy's current full-year earnings is $0.08 per share.

FLNC has been the topic of a number of other reports. Jefferies Financial Group reissued an "underperform" rating and set a $6.00 price target on shares of Fluence Energy in a report on Friday, July 11th. The Goldman Sachs Group decreased their price objective on shares of Fluence Energy from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Mizuho reaffirmed a "neutral" rating and set a $10.00 price objective (up from $6.00) on shares of Fluence Energy in a report on Monday, July 14th. Barclays decreased their price objective on shares of Fluence Energy from $9.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday. Finally, Susquehanna increased their price objective on shares of Fluence Energy from $6.00 to $11.00 and gave the company a "positive" rating in a report on Monday, July 21st. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Fluence Energy has a consensus rating of "Hold" and a consensus target price of $7.98.

Fluence Energy Stock Performance

NASDAQ FLNC traded down $0.01 on Monday, reaching $7.55. 2,808,315 shares of the company's stock traded hands, compared to its average volume of 5,271,964. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -35.93 and a beta of 2.67. The stock has a 50 day moving average price of $7.41 and a 200-day moving average price of $6.44. Fluence Energy has a fifty-two week low of $3.46 and a fifty-two week high of $24.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.99 and a current ratio of 1.64.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.03. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. The business had revenue of $602.53 million for the quarter, compared to analyst estimates of $738.52 million. The company's revenue was up 24.7% compared to the same quarter last year.

Hedge Funds Weigh In On Fluence Energy

Several large investors have recently made changes to their positions in FLNC. The Manufacturers Life Insurance Company raised its position in Fluence Energy by 15.3% during the second quarter. The Manufacturers Life Insurance Company now owns 37,274 shares of the company's stock valued at $250,000 after acquiring an additional 4,958 shares in the last quarter. Ardsley Advisory Partners LP grew its stake in shares of Fluence Energy by 6.7% in the second quarter. Ardsley Advisory Partners LP now owns 160,000 shares of the company's stock worth $1,074,000 after acquiring an additional 10,000 shares during the last quarter. Baker Avenue Asset Management LP acquired a new stake in Fluence Energy during the second quarter worth $102,000. Federated Hermes Inc. boosted its stake in Fluence Energy by 83.7% during the second quarter. Federated Hermes Inc. now owns 994,064 shares of the company's stock worth $6,670,000 after buying an additional 452,896 shares in the last quarter. Finally, Diametric Capital LP lifted its holdings in shares of Fluence Energy by 12.4% during the second quarter. Diametric Capital LP now owns 90,414 shares of the company's stock valued at $607,000 after acquiring an additional 10,000 shares during the period. Institutional investors own 53.16% of the company's stock.

Fluence Energy Company Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.