Fluence Energy (NASDAQ:FLNC) Announces Quarterly Earnings Results

Fluence Energy (NASDAQ:FLNC) issued its quarterly earnings data on Wednesday. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.14), FiscalAI reports. Fluence Energy had a negative return on equity of 9.21% and a negative net margin of 2.14%.The company had revenue of $475.23 million during the quarter, compared to analyst estimates of $444.23 million.

Fluence Energy Stock Down 10.1%

Fluence Energy stock traded down $3.24 during midday trading on Wednesday, reaching $28.99. The company’s stock had a trading volume of 10,204,769 shares, compared to its average volume of 5,626,641. The company has a market cap of $5.30 billion, a P/E ratio of -69.02 and a beta of 2.90. The company has a quick ratio of 1.17, a current ratio of 1.51 and a debt-to-equity ratio of 0.71. The business has a 50-day simple moving average of $23.25 and a 200-day simple moving average of $16.19. Fluence Energy has a fifty-two week low of $3.46 and a fifty-two week high of $33.51.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FLNC shares. UBS Group restated a “neutral” rating on shares of Fluence Energy in a report on Thursday, January 15th. Canaccord Genuity Group increased their target price on shares of Fluence Energy from $10.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Morgan Stanley set a $16.00 price target on shares of Fluence Energy in a research note on Monday, January 26th. Roth Mkm reaffirmed a “neutral” rating and set a $26.00 price objective on shares of Fluence Energy in a research report on Wednesday, January 28th. Finally, BNP Paribas Exane reiterated an “underperform” rating and issued a $9.00 target price on shares of Fluence Energy in a report on Tuesday, October 21st. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $15.91.

Institutional Trading of Fluence Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLNC. Advisory Services Network LLC acquired a new position in shares of Fluence Energy in the 3rd quarter valued at $48,000. Jacobs Levy Equity Management Inc. acquired a new stake in Fluence Energy during the 3rd quarter worth $14,207,000. Dark Forest Capital Management LP purchased a new stake in Fluence Energy in the third quarter valued at $723,000. PharVision Advisers LLC acquired a new position in Fluence Energy in the third quarter valued at $377,000. Finally, FWL Investment Management LLC purchased a new position in shares of Fluence Energy during the third quarter worth about $219,000. 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.