Fluence Energy (NASDAQ:FLNC) Price Target Raised to $9.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised its price target for Fluence Energy (NASDAQ:FLNC) from $8.00 to $9.00, indicating a potential upside of 3.26% from the company's previous close.
• Fluence Energy's stock increased by 10.1% during midday trading, reaching a price of $8.72, with a significant trading volume of 1,230,697 shares.
• The company reported a 24.7% year-over-year revenue growth for the latest quarter, achieving $602.53 million, despite a negative net margin of 0.76% and a loss per share of $0.01.

Fluence Energy (NASDAQ:FLNC - Free Report) had its price objective raised by JPMorgan Chase & Co. from $8.00 to $9.00 in a report issued on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the company. Hsbc Global Res downgraded Fluence Energy from a "hold" rating to a "moderate sell" rating in a report on Wednesday, August 13th. HSBC lowered shares of Fluence Energy from a "hold" rating to a "reduce" rating and set a $5.00 target price for the company. in a research note on Wednesday, August 13th. UBS Group raised their price target 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. 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 report on Wednesday, June 25th. Finally, Jefferies Financial Group reissued an "underperform" rating and set a $6.00 target price on shares of Fluence Energy in a research report on Friday, July 11th. Four research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, Fluence Energy presently has an average rating of "Hold" and a consensus target price of $8.13.

Fluence Energy Stock Up 13.2%

Shares of NASDAQ:FLNC traded up $1.24 during trading on Friday, reaching $10.60. 12,151,476 shares of the stock were exchanged, compared to its average volume of 5,212,478. The stock has a fifty day moving average of $7.99 and a two-hundred day moving average of $6.16. Fluence Energy has a 1-year low of $3.46 and a 1-year high of $24.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 1.06. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of -50.48 and a beta of 2.66.

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

Institutional Investors Weigh In On Fluence Energy

Several institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its stake in shares of Fluence Energy by 189.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company's stock worth $15,380,000 after purchasing an additional 2,076,668 shares in the last quarter. CenterBook Partners LP bought a new position in shares of Fluence Energy during the first quarter valued at about $12,458,000. SG Americas Securities LLC raised its holdings in Fluence Energy by 1,794.8% during the 2nd quarter. SG Americas Securities LLC now owns 1,868,711 shares of the company's stock valued at $12,539,000 after buying an additional 1,770,090 shares during the last quarter. Geode Capital Management LLC raised its holdings in Fluence Energy by 10.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,683,637 shares of the company's stock worth $11,298,000 after purchasing an additional 153,614 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of Fluence Energy by 11.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,076,682 shares of the company's stock worth $17,098,000 after acquiring an additional 114,525 shares during the period. 53.16% of the stock is 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.