Fluence Energy, Inc. (NASDAQ:FLNC) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Fluence Energy, Inc. (NASDAQ:FLNC) has received an average recommendation of "Hold" from 24 rating firms, with three analysts suggesting a sell and four recommending a buy.
• The company's target price among brokerages is $8.0750, with recent adjustments including Morgan Stanley raising theirs from $4.00 to $5.00.
• Fluence Energy reported $602.53 million in revenue for the last quarter, beating estimates but falling short of analyst expectations of $738.52 million.

Shares of Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) have been assigned an average recommendation of "Hold" from the twenty-four ratings firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $8.0750.

FLNC has been the subject of several analyst reports. Morgan Stanley raised their target price on shares of Fluence Energy from $4.00 to $5.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. raised their target price on shares of Fluence Energy from $5.00 to $8.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Seaport Res Ptn cut shares of Fluence Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Barclays decreased their target price on shares of Fluence Energy from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 12th. Finally, BMO Capital Markets set a $5.00 target price on shares of Fluence Energy and gave the company a "market perform" rating in a research note on Wednesday, June 25th.

Hedge Funds Weigh In On Fluence Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLNC. Envestnet Asset Management Inc. boosted its position in Fluence Energy by 47.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 13,317 shares of the company's stock worth $211,000 after purchasing an additional 4,285 shares during the period. Dimensional Fund Advisors LP boosted its position in Fluence Energy by 22.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,134,173 shares of the company's stock worth $18,013,000 after purchasing an additional 207,784 shares during the period. Tower Research Capital LLC TRC boosted its position in Fluence Energy by 827.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,516 shares of the company's stock worth $88,000 after purchasing an additional 4,921 shares during the period. Hsbc Holdings PLC boosted its position in Fluence Energy by 111.3% during the fourth quarter. Hsbc Holdings PLC now owns 19,621 shares of the company's stock worth $313,000 after purchasing an additional 10,334 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Fluence Energy by 21.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,375 shares of the company's stock worth $499,000 after purchasing an additional 5,488 shares during the period. 53.16% of the stock is owned by institutional investors.

Fluence Energy Price Performance

Shares of FLNC opened at $6.75 on Thursday. The stock has a market capitalization of $1.23 billion, a P/E ratio of -32.14 and a beta of 2.66. Fluence Energy has a twelve month low of $3.46 and a twelve month high of $24.00. The company has a 50 day moving average of $8.06 and a 200-day moving average of $6.06. The company has a quick ratio of 1.06, a current ratio of 1.64 and a debt-to-equity ratio of 0.75.

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 for the quarter, topping the consensus estimate 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 company had revenue of $602.53 million during the quarter, compared to analysts' expectations of $738.52 million. The firm's quarterly revenue was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Fluence Energy will post 0.08 EPS for the current fiscal year.

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.

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