Fluence Energy (NASDAQ:FLNC) Trading Up 9.7% Following Analyst Upgrade

Key Points

• Fluence Energy shares surged by 9.7% after Goldman Sachs raised its price target on the stock from $10.00 to $15.00, maintaining a buy rating.
• Analysts’ ratings on Fluence Energy vary significantly, with four analysts rating it as a Buy and seventeen giving it a Hold rating, while the current average target price stands at $8.73.
• Fluence Energy reported a quarterly revenue increase of 24.7% year-over-year to $602.53 million, surpassing analysts' expectations despite a negative return on equity of 3.42% and negative net margin of 0.76%.

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) shares rose 9.7% during trading on Wednesday after The Goldman Sachs Group raised their price target on the stock from $10.00 to $15.00. The Goldman Sachs Group currently has a buy rating on the stock. Fluence Energy traded as high as $15.38 and last traded at $15.17. Approximately 3,284,947 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 5,461,683 shares. The stock had previously closed at $13.83.

Several other analysts have also recently issued reports on the company. Jefferies Financial Group reissued an "underperform" rating and issued a $6.00 target price on shares of Fluence Energy in a research note on Friday, July 11th. Barclays set a $13.00 price objective on Fluence Energy in a research report on Tuesday. UBS Group lifted their price objective on Fluence Energy from $6.00 to $8.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 27th. 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 report on Monday, July 21st. Finally, 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. Four analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $8.73.

Institutional Investors Weigh In On Fluence Energy

Hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. lifted 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 worth $52,000 after purchasing an additional 1,586 shares during the period. Alps Advisors Inc. lifted its stake in shares of Fluence Energy by 2.5% in the 1st quarter. Alps Advisors Inc. now owns 99,891 shares of the company's stock worth $484,000 after purchasing an additional 2,444 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Fluence Energy by 10.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 28,967 shares of the company's stock worth $194,000 after acquiring an additional 2,669 shares during the period. American Century Companies Inc. raised its position in Fluence Energy by 3.4% in the second quarter. American Century Companies Inc. now owns 80,288 shares of the company's stock worth $539,000 after acquiring an additional 2,674 shares during the period. Finally, Vident Advisory LLC raised its position in Fluence Energy by 19.8% in the first quarter. Vident Advisory LLC now owns 16,694 shares of the company's stock worth $81,000 after acquiring an additional 2,764 shares during the period. Institutional investors own 53.16% of the company's stock.

Fluence Energy Stock Up 8.6%

The company's 50-day simple moving average is $8.79 and its two-hundred day simple moving average is $6.73. The firm has a market capitalization of $2.74 billion, a P/E ratio of -71.49 and a beta of 2.76. 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 EPS 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 for the quarter, compared to analysts' expectations of $738.52 million. Fluence Energy's quarterly revenue was up 24.7% on a year-over-year basis. Fluence Energy has set its FY 2025 guidance at EPS. As a group, research analysts expect that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

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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