Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) shares were up 6.7% during mid-day trading on Friday . The stock traded as high as $7.87 and last traded at $8.08. Approximately 687,896 shares changed hands during trading, a decline of 87% from the average daily volume of 5,250,617 shares. The stock had previously closed at $7.57.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. Royal Bank Of Canada decreased 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 report on Wednesday, August 13th. UBS Group raised their price target on shares of Fluence Energy from $4.50 to $6.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Piper Sandler lowered their price objective on shares of Fluence Energy from $10.00 to $4.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. 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. Finally, Hsbc Global Res lowered Fluence Energy from a "hold" rating to a "moderate sell" rating in a research note on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $7.98.
View Our Latest Stock Analysis on Fluence Energy
Fluence Energy Stock Performance
The firm's fifty day simple moving average is $7.66 and its 200 day simple moving average is $6.24. The company has a market capitalization of $1.42 billion, a PE ratio of -37.24 and a beta of 2.67. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 1.06.
Fluence Energy (NASDAQ:FLNC - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.03. The business 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 revenue was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. On average, research analysts predict that Fluence Energy, Inc. will post 0.08 EPS for the current year.
Institutional Investors Weigh In On Fluence Energy
Several hedge funds have recently bought and sold shares of FLNC. Newbridge Financial Services Group Inc. purchased a new position in shares of Fluence Energy during the 2nd quarter valued at approximately $67,000. Marex Group plc acquired a new stake in Fluence Energy during the second quarter valued at $301,000. Caxton Associates LLP acquired a new stake in Fluence Energy during the second quarter valued at $3,561,000. FORA Capital LLC purchased a new position in Fluence Energy in the second quarter valued at $252,000. Finally, Headlands Technologies LLC acquired a new position in shares of Fluence Energy in the second quarter worth about $148,000. Hedge funds and other institutional investors own 53.16% of the company's stock.
About Fluence Energy
(
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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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