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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Royal Bank Of Canada cut their target price on shares of Fluence Energy from $8.00 to $7.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 13th. Susquehanna increased their target price on shares of Fluence Energy from $6.00 to $11.00 and gave the stock a "positive" rating in a report on Monday, July 21st. JPMorgan Chase & Co. increased their target price on shares of Fluence Energy from $5.00 to $8.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. UBS Group increased their target price on shares of Fluence Energy from $6.00 to $8.00 and gave the stock a "neutral" rating in a report on Wednesday, August 27th. Finally, Hsbc Global Res lowered shares of Fluence Energy from a "hold" rating to a "moderate sell" rating in a report on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $8.08.

Fluence Energy Stock Up 2.2%

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 firm's 50 day simple moving average is $8.02 and its 200-day simple moving average is $6.08. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -35.95 and a beta of 2.66.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $738.52 million. Fluence Energy's revenue was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. Equities analysts expect that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FLNC. Parallel Advisors LLC bought a new position in shares of Fluence Energy in the 2nd quarter valued at about $30,000. SBI Securities Co. Ltd. grew its position 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 acquiring an additional 6,648 shares during the period. Ameritas Investment Partners Inc. grew its position 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 acquiring an additional 1,586 shares during the period. TFB Advisors LLC bought a new position in shares of Fluence Energy in the 1st quarter valued at about $53,000. Finally, Voleon Capital Management LP bought a new stake in shares of Fluence Energy during the 1st quarter worth about $55,000. Institutional investors own 53.16% of the company's stock.

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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