Fluence Energy Sees Unusually High Options Volume (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. Traders acquired 6,559 call options on the stock. This represents an increase of approximately 68% compared to the typical volume of 3,911 call options.

Fluence Energy Price Performance

Shares of Fluence Energy stock traded up $0.14 during trading on Wednesday, reaching $6.92. The company's stock had a trading volume of 1,072,081 shares, compared to its average volume of 5,131,397. The stock has a 50-day moving average price of $8.10 and a two-hundred day moving average price of $6.06. The company has a current ratio of 1.64, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. Fluence Energy has a one year low of $3.46 and a one year high of $24.00. The stock has a market capitalization of $1.26 billion, a P/E ratio of -32.93 and a beta of 2.66.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, beating 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 business had revenue of $602.53 million during the quarter, compared to analysts' expectations of $738.52 million. The firm's quarterly revenue was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Fluence Energy will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FLNC. Royal Bank Of Canada decreased their target price on shares of Fluence Energy from $8.00 to $7.00 and set a "sector perform" rating for the company in a report on Wednesday, August 13th. Susquehanna increased their price target on Fluence Energy from $6.00 to $11.00 and gave the company a "positive" rating in a report on Monday, July 21st. Seaport Res Ptn downgraded shares of Fluence Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price objective on shares of Fluence Energy from $5.00 to $8.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Jefferies Financial Group reiterated an "underperform" rating and set a $6.00 price target on shares of Fluence Energy in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Fluence Energy presently has a consensus rating of "Hold" and an average target price of $8.08.

Institutional Trading of Fluence Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLNC. Parallel Advisors LLC acquired a new position in shares of Fluence Energy during the 2nd quarter worth about $30,000. SBI Securities Co. Ltd. grew its position in shares of Fluence Energy by 462.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company's stock worth $39,000 after buying an additional 6,648 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of Fluence Energy by 25.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company's stock worth $52,000 after buying an additional 1,586 shares during the period. TFB Advisors LLC acquired a new position in shares of Fluence Energy during the 1st quarter worth about $53,000. Finally, Voleon Capital Management LP acquired a new position in shares of Fluence Energy in the 1st quarter valued at approximately $55,000. 53.16% of the stock is owned by institutional investors.

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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