Fluence Energy (NASDAQ:FLNC) Announces Quarterly Earnings Results, Hits Estimates

Fluence Energy (NASDAQ:FLNC) released its earnings results on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13, Briefing.com reports. Fluence Energy had a negative return on equity of 3.42% and a negative net margin of 0.76%.During the same quarter in the previous year, the company earned $0.34 earnings per share. Fluence Energy’s revenue for the quarter was down 15.2% on a year-over-year basis. Fluence Energy updated its FY 2026 guidance to EPS.

Fluence Energy Price Performance

NASDAQ FLNC traded up $0.40 during mid-day trading on Monday, hitting $15.80. The company’s stock had a trading volume of 9,698,793 shares, compared to its average volume of 7,366,939. Fluence Energy has a 52-week low of $3.46 and a 52-week high of $24.00. 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 stock’s fifty day simple moving average is $15.90 and its two-hundred day simple moving average is $10.07.

Institutional Investors Weigh In On Fluence Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in shares of Fluence Energy during the third quarter worth approximately $48,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Fluence Energy in the third quarter valued at about $14,207,000. Dark Forest Capital Management LP acquired a new stake in Fluence Energy during the third quarter worth $723,000. PharVision Advisers LLC bought a new stake in shares of Fluence Energy in the 3rd quarter valued at approximately $377,000. Finally, FWL Investment Management LLC acquired a new stake in shares of Fluence Energy during the 3rd quarter worth about $219,000. 53.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FLNC shares. BNP Paribas Exane restated an “underperform” rating and issued a $9.00 price objective on shares of Fluence Energy in a report on Tuesday, October 21st. Hsbc Global Res lowered Fluence Energy from a “hold” rating to a “moderate sell” rating in a report on Wednesday, August 13th. Bank of America lifted their target price on shares of Fluence Energy from $11.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. The Goldman Sachs Group lifted their price target on Fluence Energy from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on Fluence Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $9.48.

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.