The Goldman Sachs Group Forecasts Strong Price Appreciation for Fluence Energy (NASDAQ:FLNC) Stock

Key Points

• The Goldman Sachs Group has raised its price target for Fluence Energy (NASDAQ:FLNC) from $10.00 to $15.00, indicating a potential upside of 0.27% from the stock's previous close, while maintaining a "buy" rating.
• Despite the boost from Goldman Sachs, other analysts have mixed views, with ratings ranging from "strong-buy" to "reduce," leading to a consensus rating of "Hold" with an average target price of $8.73.
• Fluence Energy reported earnings that surpassed estimates with $0.01 EPS, and revenue growth of 24.7% compared to the same quarter last year, although it fell short of the consensus revenue estimate.

Fluence Energy (NASDAQ:FLNC - Get Free Report) had its price target boosted by equities researchers at The Goldman Sachs Group from $10.00 to $15.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. The Goldman Sachs Group's price objective would indicate a potential upside of 0.27% from the stock's previous close.

Other equities research analysts also recently issued research reports about the company. Seaport Res Ptn downgraded Fluence Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. BMO Capital Markets set a $5.00 price target on Fluence Energy and gave the stock a "market perform" rating in a research report on Wednesday, June 25th. JPMorgan Chase & Co. lifted their price objective on shares of Fluence Energy from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Friday, September 19th. HSBC lowered shares of Fluence Energy from a "hold" rating to a "reduce" rating and set a $5.00 price objective on the stock. in a research note on Wednesday, August 13th. Finally, 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. Four investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Fluence Energy currently has a consensus rating of "Hold" and an average target price of $8.73.

Fluence Energy Price Performance

FLNC stock traded up $1.13 during midday trading on Wednesday, hitting $14.96. 5,897,325 shares of the stock were exchanged, compared to its average volume of 8,198,644. Fluence Energy has a fifty-two week low of $3.46 and a fifty-two week high of $24.00. The stock's 50-day moving average price is $8.93 and its 200-day moving average price is $6.78. 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 (NASDAQ:FLNC - Get Free Report) last released its quarterly earnings results 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. 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 return on equity of 3.42% and a negative net margin of 0.76%.The business's 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, research analysts forecast that Fluence Energy will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluence Energy

Hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC bought a new stake in shares of Fluence Energy during the 2nd quarter worth about $30,000. Ameritas Investment Partners Inc. increased its stake in shares of Fluence Energy by 25.7% during the second quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company's stock valued at $52,000 after acquiring an additional 1,586 shares during the period. SBI Securities Co. Ltd. boosted its stake in Fluence Energy by 462.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company's stock valued at $39,000 after purchasing an additional 6,648 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in Fluence Energy during the 2nd quarter valued at $67,000. Finally, Activest Wealth Management acquired a new stake in shares of Fluence Energy in the second quarter valued at $68,000. Institutional investors own 53.16% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.