Fluence Energy (NASDAQ:FLNC) Shares Gap Down After Earnings Miss

Key Points

• Shares gapped down after an earnings miss: Fluence reported EPS of ($0.34) versus the consensus ($0.18) and the stock opened at $24.85 after closing at $28.99, last trading near $21.91 on heavy volume.
• Revenue beat but the business is still unprofitable: Quarterly revenue was $475.23M (vs. $444.23M est.), up 154.4% YoY, yet the company posted a negative net margin (-2.14%) and negative return on equity (-9.21%).
• Analyst sentiment skews negative: MarketBeat data shows an average rating of "Reduce" with a consensus price target of $15.91 amid mixed buy/hold/sell recommendations.

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) shares gapped down before the market opened on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $28.99, but opened at $24.85. Fluence Energy shares last traded at $21.9140, with a volume of 5,958,622 shares trading hands.

The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.16). Fluence Energy had a negative return on equity of 9.21% and a negative net margin of 2.14%.The firm had revenue of $475.23 million for the quarter, compared to analyst estimates of $444.23 million. During the same period in the previous year, the business posted ($0.32) EPS. The business's quarterly revenue was up 154.4% on a year-over-year basis.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Johnson Rice reiterated a "hold" rating and issued a $18.00 price target on shares of Fluence Energy in a research report on Monday, December 8th. BNP Paribas Exane raised shares of Fluence Energy to a "strong sell" rating in a research report on Tuesday, October 21st. Royal Bank Of Canada restated a "sector perform" rating and issued a $12.00 price objective on shares of Fluence Energy in a research report on Tuesday, January 20th. Jefferies Financial Group upgraded Fluence Energy from an "underperform" rating to a "hold" rating and lifted their target price for the stock from $11.00 to $16.00 in a report on Wednesday, November 26th. Finally, Roth Mkm reissued a "neutral" rating and issued a $26.00 target price on shares of Fluence Energy in a research note on Wednesday, January 28th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $15.91.

Hedge Funds Weigh In On Fluence Energy

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in Fluence Energy by 22.2% during the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company's stock worth $48,000 after acquiring an additional 437 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Fluence Energy during the 3rd quarter worth approximately $48,000. Quantbot Technologies LP acquired a new stake in shares of Fluence Energy in the 3rd quarter valued at approximately $51,000. Ameritas Investment Partners Inc. grew its stake in shares of 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 buying an additional 1,586 shares in the last quarter. Finally, Quarry LP increased its holdings in Fluence Energy by 4,371.4% during the third quarter. Quarry LP now owns 5,947 shares of the company's stock worth $64,000 after buying an additional 5,814 shares during the last quarter. Institutional investors own 53.16% of the company's stock.

Fluence Energy Price Performance

The stock has a market capitalization of $3.98 billion, a P/E ratio of -51.87 and a beta of 2.90. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.51 and a quick ratio of 1.17. The company's 50-day simple moving average is $23.45 and its 200-day simple moving average is $16.28.

Fluence Energy Company Profile

Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.

The company's core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.

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