Fluence Energy (NASDAQ:FLNC) Receives Sell (D-) Rating from Weiss Ratings

Key Points

• Weiss Ratings has reissued a "Sell (D-)" rating for Fluence Energy, following other analysts adjusting their target prices, with a consensus target of $8.73.
• Fluence Energy's recent earnings report showed a quarterly revenue of $602.53 million, which was below the expected $738.52 million, despite a 24.7% year-over-year revenue increase.
• Institutional investors now own 53.16% of Fluence Energy, with several firms increasing their stakes significantly during the second quarter.

Fluence Energy (NASDAQ:FLNC - Get Free Report)'s stock had its "sell (d-)" rating reissued by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other research analysts have also weighed in on the company. Royal Bank Of Canada decreased their target price on Fluence Energy from $8.00 to $7.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 13th. UBS Group boosted their target price on Fluence Energy from $6.00 to $8.00 and gave the stock a "neutral" rating in a report on Wednesday, August 27th. Hsbc Global Res lowered Fluence Energy from a "hold" rating to a "moderate sell" rating in a report on Wednesday, August 13th. HSBC lowered Fluence Energy from a "hold" rating to a "reduce" rating and set a $5.00 price objective on the stock. in a report on Wednesday, August 13th. Finally, Jefferies Financial Group reaffirmed an "underperform" rating and issued a $6.00 price objective on shares of Fluence Energy in a report on Friday, July 11th. Four research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Fluence Energy presently has an average rating of "Hold" and a consensus target price of $8.73.

Fluence Energy Price Performance

NASDAQ:FLNC opened at $14.96 on Wednesday. Fluence Energy has a 1-year low of $3.46 and a 1-year high of $24.00. 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 fifty day simple moving average of $8.93 and a 200 day simple moving average of $6.78. The stock has a market capitalization of $2.73 billion, a PE ratio of -71.24 and a beta of 2.76.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last released its earnings results on Monday, August 11th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. The business had revenue of $602.53 million during the quarter, compared to analysts' expectations of $738.52 million. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. Fluence Energy's quarterly revenue was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. On average, research analysts expect that Fluence Energy will post 0.08 EPS for the current fiscal year.

Institutional Trading of Fluence Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC bought a new stake in shares of Fluence Energy during the 2nd quarter worth $30,000. Ameritas Investment Partners Inc. raised its position in Fluence Energy by 25.7% in the second 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 during the last quarter. SBI Securities Co. Ltd. raised its position in Fluence Energy by 462.6% in the first 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. Newbridge Financial Services Group Inc. bought a new position in Fluence Energy in the second quarter valued at about $67,000. Finally, Activest Wealth Management bought a new position in Fluence Energy in the second quarter valued at about $68,000. 53.16% of the stock is currently owned by 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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