Fluence Energy (NASDAQ:FLNC) Shares Down 9.4% - Here's What Happened

Key Points

• Fluence Energy shares fell by 9.4% on Wednesday, trading as low as $15.03, significantly lower than the previous close of $16.26.
• Several analysts have adjusted their target prices for Fluence Energy, with estimates ranging from $5.00 to $17.00, indicating mixed outlooks on the stock.
• The company's last earnings report revealed a negative net margin of 0.76% despite a 24.7% year-over-year revenue increase, showing challenges in profitability.

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) fell 9.4% on Wednesday . The company traded as low as $15.03 and last traded at $14.74. 2,191,934 shares traded hands during trading, a decline of 61% from the average session volume of 5,667,734 shares. The stock had previously closed at $16.26.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FLNC. Barclays set a $13.00 price objective on Fluence Energy in a research note on Tuesday, October 7th. Royal Bank Of Canada reduced their target price on Fluence Energy from $8.00 to $7.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 13th. BNP Paribas set a $9.00 target price on Fluence Energy and gave the company an "underperform" rating in a research report on Tuesday. Susquehanna lifted their target price on Fluence Energy from $9.00 to $17.00 and gave the company a "positive" rating in a research report on Monday, October 13th. Finally, BMO Capital Markets set a $5.00 target price on Fluence Energy and gave the company a "market perform" rating in a research report on Wednesday, June 25th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and six have given a Sell rating to the company's stock. According to MarketBeat.com, Fluence Energy currently has a consensus rating of "Reduce" and an average price target of $8.69.

Fluence Energy Trading Down 11.2%

The business has a fifty day simple moving average of $10.53 and a 200 day simple moving average of $7.57. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of -69.10 and a beta of 2.76. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.64.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.03. Fluence Energy had a negative return on equity of 3.42% and a negative net margin of 0.76%.The firm had revenue of $602.53 million for the quarter, compared to analysts' expectations of $738.52 million. The business's revenue for the quarter was up 24.7% on a year-over-year basis. Fluence Energy has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in Fluence Energy by 189.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company's stock valued at $15,380,000 after purchasing an additional 2,076,668 shares during the period. CenterBook Partners LP acquired a new position in Fluence Energy in the first quarter valued at approximately $12,458,000. SG Americas Securities LLC raised its holdings in Fluence Energy by 1,794.8% during the second quarter. SG Americas Securities LLC now owns 1,868,711 shares of the company's stock worth $12,539,000 after purchasing an additional 1,770,090 shares in the last quarter. Geode Capital Management LLC raised its holdings in Fluence Energy by 10.0% during the second quarter. Geode Capital Management LLC now owns 1,683,637 shares of the company's stock worth $11,298,000 after purchasing an additional 153,614 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in Fluence Energy by 83.7% during the second quarter. Federated Hermes Inc. now owns 994,064 shares of the company's stock worth $6,670,000 after purchasing an additional 452,896 shares in the last quarter. 53.16% of the stock is 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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