Fluence Energy (NASDAQ:FLNC) Trading Up 10.5% - Time to Buy?

Key Points

• Fluence Energy's shares surged 10.5% recently, reaching a trading high of $11.93, despite a significant drop in trading volume compared to average sessions.
• Wall Street analysts have mixed opinions on Fluence Energy, with target price estimates ranging from $5.00 to $11.00, and an average rating of "Hold".
• Fluence Energy reported a quarterly revenue of $602.53 million, which was below analysts' expectations, yet showed a 24.7% year-over-year increase.

Shares of Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) shot up 10.5% on Wednesday . The company traded as high as $11.77 and last traded at $11.93. 822,101 shares traded hands during trading, a decline of 85% from the average session volume of 5,339,442 shares. The stock had previously closed at $10.80.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Jefferies Financial Group reiterated an "underperform" rating and set a $6.00 price objective on shares of Fluence Energy in a research note on Friday, July 11th. Mizuho reaffirmed a "neutral" rating and set a $10.00 price target (up from $6.00) on shares of Fluence Energy in a research report on Monday, July 14th. Hsbc Global Res cut Fluence Energy from a "hold" rating to a "moderate sell" rating in a research report on Wednesday, August 13th. Susquehanna boosted their target price on Fluence Energy from $6.00 to $11.00 and gave the stock a "positive" rating in a research note on Monday, July 21st. Finally, HSBC cut Fluence Energy from a "hold" rating to a "reduce" rating and set a $5.00 price target for the company. in a research note on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Fluence Energy presently has an average rating of "Hold" and an average price target of $8.13.

Fluence Energy Stock Up 11.5%

The business's fifty day simple moving average is $8.31 and its two-hundred day simple moving average is $6.43. The company has a market cap of $2.20 billion, a PE ratio of -57.30 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 released 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 return on equity of 3.42% and a negative net margin of 0.76%.The company had revenue of $602.53 million during the quarter, compared to analysts' expectations of $738.52 million. 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. On average, analysts predict that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Fluence Energy

Large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC purchased a new position in Fluence Energy during the second quarter valued at $30,000. SBI Securities Co. Ltd. lifted its stake in 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 buying an additional 6,648 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in 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 buying an additional 1,586 shares in the last quarter. TFB Advisors LLC acquired a new stake in Fluence Energy in the 1st quarter worth about $53,000. Finally, Voleon Capital Management LP acquired a new position in shares of Fluence Energy during the first quarter valued at approximately $55,000. 53.16% of the stock is currently 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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