Fluence Energy Target of Unusually High Options Trading (NASDAQ:FLNC)

Key Points

• Fluence Energy saw a significant increase in call options trading, with 6,559 options traded, up approximately 68% from the usual volume of 3,911 options.
• The company's stock recently traded at $6.92 with a market capitalization of $1.26 billion and a P/E ratio of -32.93, indicating potential volatility and investor interest.
• Analysts have mixed ratings for Fluence Energy, with 4 buy ratings, 17 hold ratings, and 3 sell ratings, along with a consensus target price of $8.08.

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) saw some unusual options trading activity on Wednesday. Investors purchased 6,559 call options on the stock. This is an increase of 68% compared to the typical daily volume of 3,911 call options.

Institutional Trading of Fluence Energy

Several institutional investors and hedge funds have recently made changes to their positions in FLNC. Price T Rowe Associates Inc. MD grew its position in Fluence Energy by 21.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,375 shares of the company's stock valued at $499,000 after buying an additional 5,488 shares during the period. Northern Trust Corp grew its position in Fluence Energy by 3.9% during the fourth quarter. Northern Trust Corp now owns 597,881 shares of the company's stock valued at $9,494,000 after buying an additional 22,308 shares during the period. Ameriprise Financial Inc. grew its position in 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 during the period. BNP Paribas Financial Markets bought a new position in Fluence Energy during the fourth quarter valued at about $1,107,000. Finally, Bank of America Corp DE grew its position in 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 during the period. Hedge funds and other institutional investors own 53.16% of the company's stock.

Fluence Energy Stock Up 4.8%

Shares of FLNC stock traded up $0.34 on Monday, hitting $7.34. The stock had a trading volume of 1,794,990 shares, compared to its average volume of 5,144,951. The business has a 50 day moving average of $8.03 and a 200 day moving average of $6.07. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -34.94 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 has a 12-month low of $3.46 and a 12-month high of $24.00.

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, beating the consensus estimate of ($0.02) by $0.03. The company had revenue of $602.53 million during the quarter, compared to the consensus estimate of $738.52 million. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. The company'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, analysts expect that Fluence Energy will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FLNC shares. Mizuho reaffirmed a "neutral" rating and set a $10.00 price target (up from $6.00) on shares of Fluence Energy in a report on Monday, July 14th. BMO Capital Markets set a $5.00 price target on shares of Fluence Energy and gave the company a "market perform" rating in a report on Wednesday, June 25th. Jefferies Financial Group reaffirmed an "underperform" rating and set a $6.00 price target on shares of Fluence Energy in a report on Friday, July 11th. HSBC lowered shares of Fluence Energy from a "hold" rating to a "reduce" rating and set a $5.00 target price on the stock. in a report on Wednesday, August 13th. 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 investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $8.08.

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.