Fluence Energy, Inc. (NASDAQ:FLNC) Receives Consensus Rating of "Reduce" from Analysts

Key Points

• Fluence Energy, Inc. has received a consensus rating of "Reduce" from analysts, with six rating it as a sell, sixteen as a hold, and four as a buy.
• BNP Paribas set a target price of $9.00 on Fluence Energy while Barclays set it at $13.00, indicating varied expectations among analysts for the company’s future performance.
• The company's stock recently gained 5.3%, with a current price around $16.03, despite a challenging earnings report that showed revenue below consensus estimates.

Shares of Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) have earned an average recommendation of "Reduce" from the twenty-six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $8.6905.

Several research analysts have issued reports on the company. BNP Paribas set a $9.00 target price on Fluence Energy and gave the stock an "underperform" rating in a research report on Tuesday. Weiss Ratings reissued a "sell (d-)" rating on shares of Fluence Energy in a report on Wednesday, October 8th. Susquehanna boosted their target price on Fluence Energy from $9.00 to $17.00 and gave the stock a "positive" rating in a research report on Monday, October 13th. Royal Bank Of Canada lowered their price objective on shares of Fluence Energy from $8.00 to $7.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 13th. Finally, Barclays set a $13.00 target price on Fluence Energy in a report on Tuesday, October 7th.

Fluence Energy Stock Up 5.3%

Fluence Energy stock opened at $16.03 on Friday. Fluence Energy has a 12 month low of $3.46 and a 12 month high of $24.00. The stock has a fifty day simple moving average of $10.85 and a two-hundred day simple moving average of $7.71. The company has a current ratio of 1.64, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of -76.33 and a beta of 2.76.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last announced 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 firm had revenue of $602.53 million for the quarter, compared to the consensus estimate of $738.52 million. The business's revenue was up 24.7% on a year-over-year basis. Fluence Energy has set its FY 2025 guidance at EPS. Equities analysts predict that Fluence Energy will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluence Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC bought a new position in Fluence Energy in the 2nd quarter worth about $30,000. SBI Securities Co. Ltd. lifted its holdings in shares of Fluence Energy by 462.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company's stock valued at $39,000 after purchasing an additional 6,648 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Fluence Energy by 25.7% in the second quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company's stock worth $52,000 after acquiring an additional 1,586 shares in the last quarter. TFB Advisors LLC acquired a new stake in Fluence Energy in the 1st quarter worth approximately $53,000. Finally, Voleon Capital Management LP purchased a new stake in shares of Fluence Energy during the first quarter valued at $55,000. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

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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