Wall Street Zen Upgrades Fluence Energy (NASDAQ:FLNC) to "Hold"

Key Points

• Fluence Energy has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a shift in sentiment among analysts.
• The stock's target price has seen varying adjustments, with Goldman Sachs raising it to $15.00, while other institutions gave lower projections, indicating mixed opinions on the company's financial outlook.
• Fluence Energy reported a 24.7% increase in revenue year-over-year, although it still fell short of analyst estimates with a quarterly revenue of $602.53 million.

Fluence Energy (NASDAQ:FLNC - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

Several other research analysts have also weighed in on FLNC. The Goldman Sachs Group increased their target price on Fluence Energy from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on Fluence Energy from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. Royal Bank Of Canada cut their target price on Fluence Energy from $8.00 to $7.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 13th. BMO Capital Markets set a $5.00 target price on Fluence Energy and gave the stock a "market perform" rating in a research report on Wednesday, June 25th. Finally, Jefferies Financial Group increased their price target on Fluence Energy from $5.00 to $11.00 and gave the company an "underperform" rating in a report on Thursday. Four investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Fluence Energy presently has a consensus rating of "Hold" and an average target price of $8.98.

Fluence Energy Trading Down 12.1%

Shares of FLNC opened at $13.09 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $2.39 billion, a P/E ratio of -62.33 and a beta of 2.76. The stock's fifty day simple moving average is $9.17 and its 200 day simple moving average is $6.90. Fluence Energy has a twelve month low of $3.46 and a twelve month high of $24.00.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its 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 business had revenue of $602.53 million for the quarter, compared to analyst estimates of $738.52 million. Fluence Energy had a negative return on equity of 3.42% and a negative net margin of 0.76%.The firm's revenue for the quarter was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Fluence Energy will post 0.08 earnings per share for the current year.

Institutional Trading of Fluence Energy

Several large investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. grew 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 in the last quarter. Alps Advisors Inc. grew its stake in shares of Fluence Energy by 2.5% during the first quarter. Alps Advisors Inc. now owns 99,891 shares of the company's stock valued at $484,000 after acquiring an additional 2,444 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Fluence Energy by 10.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 28,967 shares of the company's stock valued at $194,000 after acquiring an additional 2,669 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Fluence Energy by 3.4% during the second quarter. American Century Companies Inc. now owns 80,288 shares of the company's stock valued at $539,000 after acquiring an additional 2,674 shares in the last quarter. Finally, Vident Advisory LLC grew its stake in shares of Fluence Energy by 19.8% during the first quarter. Vident Advisory LLC now owns 16,694 shares of the company's stock valued at $81,000 after acquiring an additional 2,764 shares in the last quarter. 53.16% of the stock is currently owned by institutional investors and hedge funds.

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.

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