Fluence Energy (NASDAQ:FLNC) Trading 6.2% Higher - Time to Buy?

Key Points

• Fluence Energy's shares increased by 6.2%, trading at $7.85 after reaching a high of $8.30, despite experiencing a 62% decline in trading volume from its average.
• Analysts have mixed views on the stock, with target prices ranging from $7.00 to $11.00 and an overall consensus rating of "Hold" with an average price target of $8.08.
• Institutional ownership stands at 53.16% of the company's stock, indicating significant interest from larger investors amid recent buy positions by several hedge funds.

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) shares were up 6.2% during trading on Tuesday . The stock traded as high as $8.30 and last traded at $7.85. Approximately 1,956,828 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 5,134,093 shares. The stock had previously closed at $7.39.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FLNC shares. Barclays decreased their target price on Fluence Energy from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 12th. Seaport Res Ptn lowered Fluence Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on Fluence Energy from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Friday. UBS Group boosted their price objective on Fluence Energy from $6.00 to $8.00 and gave the company a "neutral" rating in a research report on Wednesday, August 27th. Finally, Susquehanna boosted their price objective on Fluence Energy from $6.00 to $11.00 and gave the company a "positive" rating in a research report on Monday, July 21st. Four equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $8.13.

Fluence Energy Trading Up 18.2%

The business has a fifty day moving average of $7.99 and a 200-day moving average of $6.15. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -44.57 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 announced its earnings results on Monday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, topping 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%.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. On average, equities analysts anticipate that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FLNC. Ameriprise Financial Inc. grew its holdings in shares of Fluence Energy by 0.4% during the fourth quarter. Ameriprise Financial Inc. now owns 440,002 shares of the company's stock valued at $6,988,000 after buying an additional 1,734 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Fluence Energy by 44.4% during the fourth quarter. Bank of America Corp DE now owns 578,750 shares of the company's stock valued at $9,191,000 after buying an additional 177,931 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Fluence Energy by 130.4% during the fourth quarter. Deutsche Bank AG now owns 99,043 shares of the company's stock valued at $1,573,000 after buying an additional 56,055 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Fluence Energy by 257.2% during the fourth quarter. Millennium Management LLC now owns 720,828 shares of the company's stock valued at $11,447,000 after buying an additional 519,049 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Fluence Energy by 11.9% in the fourth quarter. Nuveen Asset Management LLC now owns 1,076,682 shares of the company's stock valued at $17,098,000 after purchasing an additional 114,525 shares in the last quarter. Hedge funds and other institutional investors 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.