Fluence Energy (NASDAQ:FLNC) Trading 5.8% Higher - Time to Buy?

Key Points

• Fluence Energy's share price rose 5.8% to $16.81, despite a significant drop in trading volume by 63% compared to its average.
• Wall Street analysts are mixed on Fluence Energy, citing a range of price targets from as low as $5.00 to $13.00, with the consensus rating currently being "Hold".
• Fluence reported positive year-over-year revenue growth of 24.7% in their latest earnings, but had a negative net margin of 0.76% for the quarter.

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report)'s share price traded up 5.8% on Tuesday . The stock traded as high as $16.70 and last traded at $16.81. 2,052,431 shares were traded during trading, a decline of 63% from the average session volume of 5,506,391 shares. The stock had previously closed at $15.89.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays set a $13.00 price objective on Fluence Energy in a research report on Tuesday, October 7th. Seaport Res Ptn cut Fluence Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada dropped their price target on Fluence Energy from $8.00 to $7.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 13th. HSBC cut Fluence Energy from a "hold" rating to a "reduce" rating and set a $5.00 price target on the stock. in a research report on Wednesday, August 13th. Finally, Wall Street Zen raised Fluence Energy from a "sell" rating to a "hold" rating in a research report on Saturday. Four investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $9.28.

Fluence Energy Stock Performance

The firm has a market capitalization of $3.42 billion, a PE ratio of -89.30 and a beta of 2.76. The company has a current ratio of 1.64, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The business's 50 day simple moving average is $9.32 and its two-hundred day simple moving average is $7.00.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The firm 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%.Fluence Energy's revenue for the quarter was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. Research analysts expect that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fluence Energy

Several hedge funds and other institutional investors have recently modified their holdings of FLNC. SG Americas Securities LLC increased its stake in shares of Fluence Energy by 101.7% in the 1st quarter. SG Americas Securities LLC now owns 98,621 shares of the company's stock worth $478,000 after purchasing an additional 49,738 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Fluence Energy in the 1st quarter worth $128,000. Janney Montgomery Scott LLC purchased a new stake in Fluence Energy in the 1st quarter worth $403,000. Canal Insurance CO increased its stake in Fluence Energy by 66.7% in the 1st quarter. Canal Insurance CO now owns 500,000 shares of the company's stock worth $2,425,000 after buying an additional 200,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Fluence Energy by 54.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 38,005 shares of the company's stock worth $184,000 after buying an additional 13,427 shares in the last quarter. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

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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