Fluence Energy (NASDAQ:FLNC) Shares Gap Down - Time to Sell?

Key Points

• Fluence Energy's stock price gapped down from $14.96 to $14.50 before opening, with recent trading activity showing it currently at $14.55.
• Despite the drop, analysts generally maintain a "Hold" rating, with a consensus price target of $8.98, while recent performance displayed a 24.7% year-over-year increase in quarterly revenue.
• Institutional investors have significantly increased their stakes in Fluence Energy, with some investors boosting positions by up to 2,409.2% in the first quarter.

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $14.96, but opened at $14.50. Fluence Energy shares last traded at $14.55, with a volume of 719,569 shares changing hands.

Wall Street Analysts Forecast Growth

FLNC has been the topic of a number of recent analyst reports. Mizuho reissued a "neutral" rating and set a $10.00 price target (up from $6.00) on shares of Fluence Energy in a report on Monday, July 14th. BMO Capital Markets set a $5.00 price target on Fluence Energy and gave the company a "market perform" rating in a report on Wednesday, June 25th. JPMorgan Chase & Co. raised their price target on Fluence Energy from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Friday, September 19th. Hsbc Global Res cut Fluence Energy from a "hold" rating to a "moderate sell" rating in a report on Wednesday, August 13th. Finally, Seaport Res Ptn cut Fluence Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Fluence Energy presently has a consensus rating of "Hold" and an average price target of $8.98.

Fluence Energy Trading Down 0.4%

The company has a market cap of $2.72 billion, a PE ratio of -70.95 and a beta of 2.76. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 1.06. The company has a 50-day moving average of $8.93 and a 200 day moving average of $6.78.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bryce Point Capital LLC purchased a new position in Fluence Energy in the first quarter worth about $591,000. Janney Montgomery Scott LLC purchased a new position in shares of Fluence Energy during the first quarter valued at approximately $403,000. Mizuho Markets Americas LLC boosted its position in shares of Fluence Energy by 343.1% during the first quarter. Mizuho Markets Americas LLC now owns 281,185 shares of the company's stock valued at $1,364,000 after buying an additional 217,725 shares during the period. Federated Hermes Inc. boosted its position in shares of Fluence Energy by 2,409.2% during the first quarter. Federated Hermes Inc. now owns 541,168 shares of the company's stock valued at $2,625,000 after buying an additional 519,601 shares during the period. Finally, Hsbc Holdings PLC boosted its position in shares of Fluence Energy by 616.2% during the first quarter. Hsbc Holdings PLC now owns 140,534 shares of the company's stock valued at $669,000 after buying an additional 120,913 shares during the period. Hedge funds and other institutional investors own 53.16% of the company's stock.

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.

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