Fluence Energy (NASDAQ:FLNC) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Fluence Energy (NASDAQ:FLNC) had its price objective raised by stock analysts at Royal Bank Of Canada from $9.00 to $10.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential downside of 46.02% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the company. Susquehanna boosted their price target on Fluence Energy from $17.00 to $20.00 and gave the company a “positive” rating in a research note on Wednesday. BNP Paribas Exane reiterated an “underperform” rating and set a $9.00 target price on shares of Fluence Energy in a research report on Tuesday, October 21st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $20.00 price target on shares of Fluence Energy in a research note on Wednesday. HSBC lowered 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, Weiss Ratings restated a “sell (e+)” rating on shares of Fluence Energy in a research report on Friday, October 31st. Four investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $11.39.

Fluence Energy Trading Up 10.5%

FLNC opened at $18.53 on Wednesday. Fluence Energy has a fifty-two week low of $3.46 and a fifty-two week high of $23.74. 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 company has a market cap of $3.38 billion, a price-to-earnings ratio of -44.11 and a beta of 2.88. The firm has a 50 day simple moving average of $16.09 and a 200 day simple moving average of $10.15.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Monday, November 24th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10). Fluence Energy had a negative net margin of 2.17% and a negative return on equity of 9.36%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the firm earned $0.34 EPS. The company’s revenue for the quarter was down 15.2% on a year-over-year basis. Fluence Energy has set its FY 2026 guidance at EPS. On average, sell-side analysts anticipate that Fluence Energy will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp raised its position in shares of Fluence Energy by 8.6% in the third quarter. Jones Financial Companies Lllp now owns 13,452 shares of the company’s stock valued at $160,000 after purchasing an additional 1,063 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Fluence Energy by 1.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,185 shares of the company’s stock worth $1,082,000 after acquiring an additional 1,082 shares during the period. Ameritas Investment Partners Inc. grew its holdings 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 worth $52,000 after purchasing an additional 1,586 shares in the last quarter. TFB Advisors LLC raised its position in Fluence Energy by 13.8% during the third quarter. TFB Advisors LLC now owns 18,253 shares of the company’s stock valued at $197,000 after purchasing an additional 2,215 shares in the last quarter. Finally, Creative Planning boosted its stake in Fluence Energy by 16.0% in the third quarter. Creative Planning now owns 18,819 shares of the company’s stock worth $203,000 after buying an additional 2,596 shares in the last quarter. 53.16% of the stock is owned by institutional investors.

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.