Fluence Energy (NASDAQ:FLNC) Releases Earnings Results, Beats Estimates By $0.03 EPS

Key Points

• Fluence Energy reported earnings of $0.01 per share, exceeding analysts' expectations of ($0.03) by $0.04, despite a negative net margin of 1.10%.
• The company's quarterly revenue increased by 24.7% year-over-year, indicating strong growth in its business operations.
• Institutional investors own 53.16% of Fluence Energy's stock, with significant recent increases in shareholdings by firms like AQR Capital Management.

Fluence Energy (NASDAQ:FLNC - Get Free Report) issued its earnings results on Monday. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.03, Zacks reports. Fluence Energy had a negative return on equity of 3.42% and a negative net margin of 0.76%. The business had revenue of $602.53 million for the quarter, compared to analyst estimates of $738.52 million. The business's revenue for the quarter was up 24.7% compared to the same quarter last year. Fluence Energy updated its FY 2025 guidance to EPS.

Fluence Energy Price Performance

Shares of NASDAQ:FLNC traded up $0.26 during trading on Friday, reaching $7.83. The stock had a trading volume of 419,966 shares, compared to its average volume of 5,248,766. Fluence Energy has a 52 week low of $3.46 and a 52 week high of $24.00. The business's 50-day moving average price is $7.47 and its 200 day moving average price is $6.40. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 0.99. The stock has a market capitalization of $1.42 billion, a PE ratio of -36.93 and a beta of 2.67.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FLNC. AQR Capital Management LLC increased its position in shares of Fluence Energy by 1,441.8% in the 1st quarter. AQR Capital Management LLC now owns 900,674 shares of the company's stock valued at $4,368,000 after buying an additional 842,257 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Fluence Energy in the 1st quarter valued at $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Fluence Energy by 2.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company's stock valued at $575,000 after buying an additional 3,364 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Fluence Energy by 189.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company's stock valued at $15,380,000 after buying an additional 2,076,668 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Fluence Energy in the 1st quarter valued at $93,000. Institutional investors own 53.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Hsbc Global Res downgraded Fluence Energy from a "hold" rating to a "moderate sell" rating in a research note on Wednesday. Morgan Stanley lifted their price objective on Fluence Energy from $4.00 to $5.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. The Goldman Sachs Group reduced their price objective on Fluence Energy from $9.00 to $8.00 and set a "buy" rating for the company in a report on Friday, May 9th. Piper Sandler cut their price target on Fluence Energy from $10.00 to $4.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Finally, Jefferies Financial Group reissued an "underperform" rating and issued a $6.00 price target on shares of Fluence Energy in a report on Friday, July 11th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $7.98.

About Fluence Energy

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.