Fluence Energy's (FLNC) "Underperform" Rating Reaffirmed at BNP Paribas Exane

Key Points

• BNP Paribas Exane has reaffirmed an "underperform" rating for Fluence Energy (FLNC) with a target price of $9.00, indicating a potential downside of 51.22% from its previous closing price.
• Analyst consensus for Fluence Energy currently includes four "Buy" ratings, seventeen "Hold" ratings, and five "Sell" ratings, resulting in an overall "Reduce" consensus with a price target of $9.31.
• Fluence Energy reported $0.01 earnings per share for the previous quarter, beating expectations, but its revenue of $602.53 million fell short of analyst projections.

Fluence Energy (NASDAQ:FLNC - Get Free Report)'s stock had its "underperform" rating reaffirmed by analysts at BNP Paribas Exane in a note issued to investors on Tuesday, Marketbeat reports. They currently have a $9.00 target price on the stock. BNP Paribas Exane's price objective indicates a potential downside of 51.22% from the company's previous close.

Several other research analysts have also recently issued reports on FLNC. Seaport Res Ptn cut Fluence Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Weiss Ratings reissued a "sell (d-)" rating on shares of Fluence Energy in a research report on Wednesday, October 8th. The Goldman Sachs Group boosted their price target on shares of Fluence Energy from $10.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of Fluence Energy from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Thursday, October 16th. Finally, BMO Capital Markets set a $5.00 price objective on shares of Fluence Energy and gave the stock a "market perform" rating in a research note on Wednesday, June 25th. Four equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Fluence Energy has a consensus rating of "Reduce" and a consensus price target of $9.31.

Fluence Energy Stock Performance

Shares of Fluence Energy stock opened at $18.45 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.64 and a debt-to-equity ratio of 0.75. The stock's fifty day moving average is $10.35 and its two-hundred day moving average is $7.51. Fluence Energy has a 52 week low of $3.46 and a 52 week high of $24.00. The company has a market capitalization of $3.37 billion, a PE ratio of -87.86 and a beta of 2.76.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its 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. The firm had revenue of $602.53 million during the quarter, compared to analyst estimates of $738.52 million. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. 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, analysts expect that Fluence Energy will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Fluence Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC purchased a new position in shares of Fluence Energy in the second quarter worth $30,000. Ameritas Investment Partners Inc. raised its stake in shares of Fluence Energy by 25.7% in the second 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 last quarter. SBI Securities Co. Ltd. boosted its position in Fluence Energy by 462.6% in the first quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company's stock valued at $39,000 after buying an additional 6,648 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Fluence Energy in the 2nd quarter worth approximately $67,000. Finally, Activest Wealth Management purchased a new position in Fluence Energy during the 2nd quarter worth approximately $68,000. 53.16% of the stock is currently owned by hedge funds and other 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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