Fluence Energy (NASDAQ:FLNC) Stock Price Up 6% - Still a Buy?

Key Points

• Shares were up 6% on Wednesday, trading as high as $18.21 and last at about $17.90, on volume roughly 38% below the average session level.
• Analysts are mixed — the stock carries an average rating of "Hold" with a mean target of $16.25, though some firms (e.g., Goldman Sachs) raised targets sharply (Goldman to $30) and the breakdown is 4 Buy / 12 Hold / 4 Sell.
• Latest quarter missed EPS at ($0.34) vs. ($0.18) expected but revenue beat at $475.2M (up 154% YoY); the company remains unprofitable with negative margins and a market cap of about $3.23 billion.

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) shares shot up 6% on Wednesday . The company traded as high as $18.21 and last traded at $17.8960. 3,687,455 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 5,946,446 shares. The stock had previously closed at $16.88.

Analyst Ratings Changes

FLNC has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on Fluence Energy from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, January 20th. Barclays upped their target price on Fluence Energy from $15.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, January 14th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $12.00 price target on shares of Fluence Energy in a report on Tuesday, January 20th. Roth Mkm reissued a "neutral" rating and set a $26.00 price target on shares of Fluence Energy in a research report on Wednesday, January 28th. Finally, Mizuho set a $13.00 price objective on shares of Fluence Energy in a research report on Friday, February 6th. Four investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $16.25.

Fluence Energy Trading Up 3.9%

The business has a fifty day moving average price of $21.49 and a two-hundred day moving average price of $17.78. The company has a current ratio of 1.48, a quick ratio of 1.08 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $3.23 billion, a PE ratio of -39.79 and a beta of 2.99.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.16). The company had revenue of $475.23 million during the quarter, compared to analysts' expectations of $444.23 million. Fluence Energy had a negative net margin of 2.04% and a negative return on equity of 10.10%. The firm's quarterly revenue was up 154.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.32) earnings per share. Analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Fluence Energy

A number of hedge funds have recently made changes to their positions in the stock. Curio Wealth LLC purchased a new stake in Fluence Energy in the fourth quarter valued at approximately $31,000. State of Wyoming acquired a new stake in shares of Fluence Energy in the fourth quarter valued at $36,000. GAMMA Investing LLC raised its holdings in shares of Fluence Energy by 22.2% in the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company's stock valued at $48,000 after buying an additional 437 shares during the period. Sankala Group LLC purchased a new stake in shares of Fluence Energy in the 4th quarter valued at $51,000. Finally, Farther Finance Advisors LLC lifted its stake in Fluence Energy by 442.9% during the 4th quarter. Farther Finance Advisors LLC now owns 3,377 shares of the company's stock worth $67,000 after acquiring an additional 2,755 shares in the last quarter. Hedge funds and other institutional investors own 53.16% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.