Fluence Energy (NASDAQ:FLNC) Upgraded by BNP Paribas to "Strong Sell" Rating

Fluence Energy (NASDAQ:FLNC - Get Free Report) was upgraded by equities research analysts at BNP Paribas to a "strong sell" rating in a note issued to investors on Tuesday,Zacks.com reports.

FLNC has been the topic of a number of other reports. Jefferies Financial Group upped their price objective on shares of Fluence Energy from $5.00 to $11.00 and gave the company an "underperform" rating in a research note on Thursday, October 9th. UBS Group boosted their target price on shares of Fluence Energy from $6.00 to $8.00 and gave the company a "neutral" rating in a research report on Wednesday, August 27th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Fluence Energy in a research report on Wednesday, October 8th. Mizuho reiterated a "neutral" rating and set a $10.00 target price (up previously from $6.00) on shares of Fluence Energy in a research report on Monday, July 14th. Finally, Wall Street Zen upgraded shares of Fluence Energy from a "sell" rating to a "hold" rating in a research report on Saturday, October 11th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, Fluence Energy presently has a consensus rating of "Reduce" and an average price target of $8.69.

Fluence Energy Trading Up 5.3%

NASDAQ:FLNC opened at $16.03 on Tuesday. The firm's fifty day moving average is $10.85 and its 200-day moving average is $7.71. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.64. Fluence Energy has a 52 week low of $3.46 and a 52 week high of $24.00. The firm has a market cap of $2.93 billion, a P/E ratio of -76.33 and a beta of 2.76.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $602.53 million for the quarter, compared to analyst estimates 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. Equities analysts expect that Fluence Energy will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FLNC. CenterBook Partners LP acquired a new position in Fluence Energy during the first quarter worth $12,458,000. Goldman Sachs Group Inc. raised its holdings in Fluence Energy by 189.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company's stock worth $15,380,000 after buying an additional 2,076,668 shares during the last quarter. SG Americas Securities LLC raised its holdings in Fluence Energy by 1,794.8% during the second quarter. SG Americas Securities LLC now owns 1,868,711 shares of the company's stock worth $12,539,000 after buying an additional 1,770,090 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Fluence Energy during the first quarter worth $4,180,000. Finally, AQR Capital Management LLC raised its holdings in Fluence Energy by 1,441.8% during the first quarter. AQR Capital Management LLC now owns 900,674 shares of the company's stock worth $4,368,000 after buying an additional 842,257 shares during the last quarter. Institutional investors and hedge funds 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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