Fluence Energy (NASDAQ:FLNC) Announces Quarterly 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) released its quarterly earnings data on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.03, Zacks reports. The company had revenue of $602.53 million during the quarter, compared to analyst estimates of $738.52 million. Fluence Energy had a negative net margin of 1.10% and a negative return on equity of 4.40%. The business's revenue was up 24.7% compared to the same quarter last year. Fluence Energy updated its FY 2025 guidance to EPS.

Fluence Energy Trading Down 0.5%

Fluence Energy stock opened at $9.14 on Tuesday. The firm's 50-day moving average is $7.31 and its 200-day moving average is $6.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 1.51. Fluence Energy has a 1 year low of $3.46 and a 1 year high of $24.00. The company has a market cap of $1.66 billion, a P/E ratio of -41.55 and a beta of 2.67.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Susquehanna upped their price target on shares of Fluence Energy from $6.00 to $11.00 and gave the stock a "positive" rating in a research report on Monday, July 21st. Barclays upped their price target on shares of Fluence Energy from $5.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Piper Sandler decreased their price target on shares of Fluence Energy from $10.00 to $4.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. upped their price target on shares of Fluence Energy from $5.00 to $8.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, UBS Group upped their price target on shares of Fluence Energy from $4.50 to $6.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $7.98.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FLNC. Goldman Sachs Group Inc. lifted 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 worth $15,380,000 after buying an additional 2,076,668 shares during the last quarter. AQR Capital Management LLC lifted its position in 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 purchasing an additional 842,257 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Fluence Energy in the 1st quarter valued at about $109,000. Strs Ohio bought a new stake in Fluence Energy in the 1st quarter valued at about $93,000. Finally, Creative Planning bought a new stake in Fluence Energy in the 2nd quarter valued at about $109,000. 53.16% of the stock is currently owned by institutional investors.

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.