Fluence Energy (NASDAQ:FLNC) Trading Down 4.9% - Here's What Happened

Key Points

• Fluence Energy's shares fell by 4.9% to $10.85, with trading volume dropping significantly to around 758,357 shares, compared to the average of 5.3 million.
• Analysts have mixed views on Fluence Energy, with Jefferies maintaining an "underperform" rating and a price target of $6, while Susquehanna raised the target to $11 and gave a "positive" rating.
• Fluence reported a quarterly revenue of $602.53 million, lower than the expected $738.52 million, and achieved a net margin of -0.76% with earnings of $0.01 per share.

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) shares were down 4.9% on Tuesday . The stock traded as low as $10.87 and last traded at $10.85. Approximately 758,357 shares were traded during trading, a decline of 86% from the average daily volume of 5,333,969 shares. The stock had previously closed at $11.40.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FLNC shares. Jefferies Financial Group reaffirmed an "underperform" rating and set a $6.00 price objective on shares of Fluence Energy in a research report on Friday, July 11th. HSBC lowered shares of Fluence Energy from a "hold" rating to a "reduce" rating and set a $5.00 price objective on the stock. in a research report on Wednesday, August 13th. Seaport Res Ptn lowered shares of Fluence Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Mizuho reissued a "neutral" rating and issued a $10.00 price target (up previously from $6.00) on shares of Fluence Energy in a research report on Monday, July 14th. Finally, Susquehanna lifted their price target on shares of Fluence Energy from $6.00 to $11.00 and gave the company a "positive" rating in a research report on Monday, July 21st. Four investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Fluence Energy has an average rating of "Hold" and a consensus price target of $8.13.

Fluence Energy Stock Performance

The firm's 50 day moving average price is $8.30 and its 200-day moving average price is $6.40. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of -50.55 and a beta of 2.66. 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 posted its quarterly earnings results on Monday, August 11th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $738.52 million. The business's quarterly revenue was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. On average, analysts anticipate that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Fluence Energy

Several institutional investors and hedge funds have recently made changes to their positions in FLNC. Parallel Advisors LLC acquired a new stake in shares of Fluence Energy in the 2nd quarter valued at $30,000. SBI Securities Co. Ltd. boosted its stake in shares of Fluence Energy by 462.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company's stock valued at $39,000 after purchasing an additional 6,648 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Fluence Energy by 25.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company's stock valued at $52,000 after purchasing an additional 1,586 shares in the last quarter. TFB Advisors LLC acquired a new stake in shares of Fluence Energy in the 1st quarter valued at $53,000. Finally, Voleon Capital Management LP acquired a new stake in shares of Fluence Energy in the 1st quarter valued at $55,000. 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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