Fluence Energy, Inc. (NASDAQ:FLNC) Receives Consensus Rating of “Reduce” from Analysts

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have been given a consensus rating of “Reduce” by the twenty-six ratings firms that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $13.5435.

Several analysts have commented on the stock. UBS Group boosted their target price on shares of Fluence Energy from $8.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Canaccord Genuity Group boosted their target price 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. JPMorgan Chase & Co. boosted their price objective on Fluence Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. BNP Paribas Exane reiterated an “underperform” rating and set a $9.00 price target on shares of Fluence Energy in a report on Tuesday, October 21st. Finally, Bank of America upped their target price on shares of Fluence Energy from $17.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, December 9th.

Institutional Investors Weigh In On Fluence Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Canal Insurance CO increased its position in Fluence Energy by 16.0% during the second quarter. Canal Insurance CO now owns 580,000 shares of the company’s stock worth $3,892,000 after buying an additional 80,000 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Fluence Energy by 32.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 509,363 shares of the company’s stock worth $3,157,000 after purchasing an additional 124,203 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of Fluence Energy in the 2nd quarter valued at $160,000. Counterpoint Mutual Funds LLC acquired a new stake in Fluence Energy in the second quarter valued at approximately $477,000. Finally, Inspire Investing LLC acquired a new position in shares of Fluence Energy in the second quarter valued at approximately $382,000. 53.16% of the stock is owned by institutional investors and hedge funds.

Fluence Energy Trading Down 0.5%

Fluence Energy stock opened at $23.70 on Wednesday. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of -56.51 and a beta of 2.88. Fluence Energy has a 52 week low of $3.46 and a 52 week high of $25.85. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.17 and a current ratio of 1.51. The company has a 50 day moving average price of $20.27 and a 200 day moving average price of $14.09.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Monday, November 24th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.39 billion. During the same quarter in the previous year, the business posted $0.34 earnings per share. The company’s revenue was down 15.2% compared to the same quarter last year. Research analysts forecast that Fluence Energy will post 0.08 EPS for the current year.

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.