Fluence Energy (NASDAQ:FLNC) Stock Price Up 12.5% – Here’s What Happened

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) traded up 12.5% on Thursday . The stock traded as high as $25.62 and last traded at $25.47. 995,611 shares were traded during trading, a decline of 77% from the average session volume of 4,331,843 shares. The stock had previously closed at $22.65.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Johnson Rice reissued a “hold” rating and issued a $18.00 target price on shares of Fluence Energy in a research report on Monday, December 8th. Mizuho reaffirmed an “underperform” rating and set a $15.00 target price (up previously from $9.00) on shares of Fluence Energy in a report on Monday, December 8th. Bank of America increased their price target on shares of Fluence Energy from $17.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, December 9th. Wall Street Zen raised shares of Fluence Energy from a “sell” rating to a “hold” rating in a report on Sunday, November 2nd. Finally, BNP Paribas Exane reissued an “underperform” rating and set a $9.00 target price on shares of Fluence Energy in a report on Tuesday, October 21st. Four investment 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. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $13.76.

Fluence Energy Price Performance

The company has a debt-to-equity ratio of 0.71, a current ratio of 1.51 and a quick ratio of 1.17. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of -64.48 and a beta of 2.88. The stock has a 50 day moving average price of $20.55 and a 200-day moving average price of $14.37.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Monday, November 24th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Fluence Energy had a negative net margin of 2.14% and a negative return on equity of 9.21%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the business posted $0.34 EPS. The company’s revenue for the quarter was down 15.2% on a year-over-year basis. On average, analysts forecast that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Institutional Trading of Fluence Energy

A number of hedge funds have recently bought and sold shares of FLNC. Perigon Wealth Management LLC acquired a new position in shares of Fluence Energy during the 4th quarter worth approximately $214,000. Nisa Investment Advisors LLC boosted its stake in Fluence Energy by 17.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the company’s stock worth $79,000 after buying an additional 586 shares during the last quarter. Chesley Taft & Associates LLC grew its holdings in Fluence Energy by 58.4% in the 4th quarter. Chesley Taft & Associates LLC now owns 16,138 shares of the company’s stock valued at $319,000 after buying an additional 5,952 shares in the last quarter. Acropolis Investment Management LLC acquired a new stake in shares of Fluence Energy in the 4th quarter worth $230,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Fluence Energy by 4.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,657 shares of the company’s stock worth $669,000 after acquiring an additional 1,434 shares during the period. Institutional investors and hedge funds own 53.16% of the company’s stock.

About Fluence Energy

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.