Fluence Energy (NASDAQ:FLNC) Shares Gap Up - Still a Buy?

Key Points

• Fluence Energy's stock gapped up from a previous close of $18.45 to open at $20.59, with a trading volume of over 5.8 million shares.
• Wall Street analysts have mixed opinions on Fluence Energy, with four analysts rating it as a Buy, seventeen as Hold, and four as Sell, resulting in an average rating of "Hold" and a consensus target price of $9.28.
• The company reported a revenue of $602.53 million for the recent quarter, a 24.7% increase year-over-year, but fell short of analysts' expectations of $738.52 million.

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $18.45, but opened at $20.59. Fluence Energy shares last traded at $20.66, with a volume of 5,852,154 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FLNC. Wall Street Zen upgraded shares of Fluence Energy from a "sell" rating to a "hold" rating in a report on Saturday. Weiss Ratings restated a "sell (d-)" rating on shares of Fluence Energy in a research note on Wednesday, October 8th. Hsbc Global Res downgraded shares of Fluence Energy from a "hold" rating to a "moderate sell" rating in a research note on Wednesday, August 13th. Royal Bank Of Canada reduced their price objective on shares of Fluence Energy from $8.00 to $7.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 13th. Finally, Mizuho restated a "neutral" rating and set a $10.00 price objective (up from $6.00) on shares of Fluence Energy in a research note on Monday, July 14th. Four analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $9.28.

Fluence Energy Stock Performance

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.64. The stock's fifty day moving average price is $9.51 and its 200-day moving average price is $7.08. The company has a market capitalization of $3.64 billion, a P/E ratio of -94.00 and a beta of 2.76.

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

Institutional Trading of Fluence Energy

Large investors have recently made changes to their positions in the company. Parallel Advisors LLC acquired a new stake in shares of Fluence Energy during the 2nd quarter worth approximately $30,000. Ameritas Investment Partners Inc. boosted its position in 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. SBI Securities Co. Ltd. boosted its position in Fluence Energy by 462.6% in the first quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company's stock valued at $39,000 after buying an additional 6,648 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Fluence Energy in the second quarter valued at approximately $67,000. Finally, Activest Wealth Management acquired a new stake in Fluence Energy in the second quarter valued at approximately $68,000. Institutional investors and hedge funds own 53.16% of the company's stock.

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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