Fluence Energy (NASDAQ:FLNC) Trading Down 6.8% - What's Next?

Key Points

• Fluence Energy's stock dropped 6.8%, closing at $14.23, with trading volume down 17% from the average.
• Analysts have mixed opinions about Fluence Energy, with four Buy ratings and several price targets ranging from $6.00 to $11.00.
• The company reported earnings of $0.01 per share, beating expectations, but revenues fell short of analyst estimates, at $602.53 million for the quarter.

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report)'s stock price traded down 6.8% on Tuesday . The stock traded as low as $14.05 and last traded at $14.23. 4,523,299 shares were traded during mid-day trading, a decline of 17% from the average session volume of 5,445,456 shares. The stock had previously closed at $15.26.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Jefferies Financial Group reiterated an "underperform" rating and issued a $6.00 price target on shares of Fluence Energy in a report on Friday, July 11th. Hsbc Global Res downgraded shares of Fluence Energy from a "hold" rating to a "moderate sell" rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. increased their price target on shares of Fluence Energy from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Friday, September 19th. Mizuho reiterated a "neutral" rating and issued a $10.00 price target (up previously from $6.00) on shares of Fluence Energy in a report on Monday, July 14th. Finally, Susquehanna upped their price objective on Fluence Energy from $6.00 to $11.00 and gave the stock 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 four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fluence Energy currently has an average rating of "Hold" and a consensus price target of $8.43.

Fluence Energy Stock Down 8.7%

The business has a fifty day simple moving average of $8.68 and a two-hundred day simple moving average of $6.68. 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 company has a market cap of $2.54 billion, a PE ratio of -66.33 and a beta of 2.76.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last announced 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 company had revenue of $602.53 million for 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 business's revenue was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Institutional Trading of Fluence Energy

A number of hedge funds and other institutional investors have recently modified their holdings of FLNC. City Center Advisors LLC acquired a new stake in shares of Fluence Energy in the 1st quarter worth $121,000. Pallas Capital Advisors LLC acquired a new stake in shares of Fluence Energy in the 1st quarter worth $89,000. 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 acquiring an additional 49,738 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Fluence Energy in the 1st quarter worth $128,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Fluence Energy in the 1st quarter worth $403,000. 53.16% of the stock is owned by institutional investors and hedge funds.

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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