Fluence Energy (NASDAQ:FLNC) Shares Gap Down – Here’s What Happened

Fluence Energy, Inc. (NASDAQ:FLNC) shares gapped down before the market opened on Tuesday . The stock had previously closed at $20.45, but opened at $19.84. Fluence Energy shares last traded at $20.1020, with a volume of 210,493 shares.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group lifted their target price on shares of Fluence Energy from $20.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Canaccord Genuity Group raised their price objective on shares of Fluence Energy from $10.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. BNP Paribas Exane restated an “underperform” rating and issued a $9.00 price objective on shares of Fluence Energy in a research note on Tuesday, October 21st. Barclays raised their price target on Fluence Energy from $13.00 to $15.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Finally, Susquehanna boosted their price target on Fluence Energy from $17.00 to $20.00 and gave the company a “positive” rating in a research report on Wednesday, November 26th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $13.54.

Fluence Energy Trading Down 3.8%

The business has a 50-day moving average of $19.55 and a 200 day moving average of $12.32. The stock has a market cap of $3.60 billion, a PE ratio of -46.68 and a beta of 2.88. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.17 and a current ratio of 1.51.

Fluence Energy (NASDAQ:FLNC) last released its earnings results 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 return on equity of 9.21% and a negative net margin of 2.14%.The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the company posted $0.34 earnings per share. The business’s quarterly revenue was down 15.2% compared to the same quarter last year. Equities research analysts predict that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluence Energy

Institutional investors have recently modified their holdings of the stock. Dragoneer Investment Group LLC acquired a new position in Fluence Energy in the third quarter valued at approximately $65,883,000. Goldman Sachs Group Inc. lifted its holdings in shares of Fluence Energy by 189.7% in the 1st 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 during the last quarter. Millennium Management LLC boosted its position in Fluence Energy by 11.3% during the 3rd quarter. Millennium Management LLC now owns 2,232,750 shares of the company’s stock valued at $24,114,000 after purchasing an additional 227,080 shares during the period. Voloridge Investment Management LLC grew its stake in Fluence Energy by 82.6% during the 3rd quarter. Voloridge Investment Management LLC now owns 1,965,083 shares of the company’s stock worth $21,223,000 after buying an additional 888,893 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Fluence Energy by 1,794.8% in the second quarter. SG Americas Securities LLC now owns 1,868,711 shares of the company’s stock worth $12,539,000 after buying an additional 1,770,090 shares during the period. Institutional investors and hedge funds own 53.16% of the company’s stock.

Fluence Energy Company Profile

Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.

The company’s core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.