Fluence Energy (NASDAQ:FLNC) Stock Rating Lowered by Wall Street Zen

Key Points

• Fluence Energy's stock rating was dropped from "hold" to "sell" by Wall Street Zen, reflecting a bearish outlook on the company's performance.
• Several analysts have varied ratings on Fluence Energy, with a consensus rating of "Reduce" and an average price target of $9.12.
• The company's stock has seen significant fluctuations, reaching a twelve-month high of $24.00 and a low of $3.46, indicating volatility in the market.

Fluence Energy (NASDAQ:FLNC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also issued reports on FLNC. Royal Bank Of Canada dropped their target price on shares of Fluence Energy from $8.00 to $7.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 13th. The Goldman Sachs Group boosted their target price on shares of Fluence Energy from $10.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. Hsbc Global Res lowered shares of Fluence Energy from a "hold" rating to a "moderate sell" rating in a report on Wednesday, August 13th. Mizuho restated a "neutral" rating and issued a $10.00 target price (up previously from $6.00) on shares of Fluence Energy in a report on Monday, July 14th. Finally, Seaport Res Ptn lowered shares of Fluence Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $9.12.

Fluence Energy Stock Performance

Shares of Fluence Energy stock opened at $19.52 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.64 and a debt-to-equity ratio of 0.75. Fluence Energy has a twelve month low of $3.46 and a twelve month high of $24.00. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of -92.95 and a beta of 2.76. The company's fifty day moving average is $11.08 and its 200 day moving average is $7.82.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.01 earnings per share for the quarter, topping 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 company had revenue of $602.53 million for the quarter, compared to analysts' expectations of $738.52 million. The business's quarterly revenue was up 24.7% on a year-over-year basis. Fluence Energy has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Fluence Energy will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Fluence Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its position in shares of Fluence Energy by 189.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company's stock worth $15,380,000 after purchasing an additional 2,076,668 shares in the last quarter. CenterBook Partners LP bought a new position in shares of Fluence Energy during the 1st quarter worth about $12,458,000. SG Americas Securities LLC boosted its position in shares of Fluence Energy by 1,794.8% during the 2nd quarter. SG Americas Securities LLC now owns 1,868,711 shares of the company's stock worth $12,539,000 after purchasing an additional 1,770,090 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Fluence Energy by 10.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,683,637 shares of the company's stock worth $11,298,000 after purchasing an additional 153,614 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Fluence Energy by 83.7% during the 2nd quarter. Federated Hermes Inc. now owns 994,064 shares of the company's stock worth $6,670,000 after purchasing an additional 452,896 shares in the last quarter. 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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