Fluence Energy (NASDAQ:FLNC) Stock Price Up 6% – Time to Buy?

Fluence Energy, Inc. (NASDAQ:FLNC) was up 6% on Wednesday . The stock traded as high as $18.21 and last traded at $17.8960. Approximately 3,687,455 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 5,946,446 shares. The stock had previously closed at $16.88.

Analyst Ratings Changes

Several research firms have recently commented on FLNC. Morgan Stanley set a $16.00 price objective on shares of Fluence Energy in a research note on Monday, January 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Fluence Energy in a research report on Monday, December 29th. Jefferies Financial Group set a $24.00 price objective on Fluence Energy in a research report on Monday, February 9th. Canaccord Genuity Group increased their price objective on Fluence Energy from $10.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Finally, Mizuho set a $13.00 target price on Fluence Energy in a report on Friday, February 6th. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.25.

Fluence Energy Price Performance

The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of -39.79 and a beta of 2.99. The stock’s fifty day moving average price is $21.49 and its two-hundred day moving average price is $17.78. The company has a current ratio of 1.48, a quick ratio of 1.08 and a debt-to-equity ratio of 0.80.

Fluence Energy (NASDAQ:FLNC) last posted its earnings results on Wednesday, February 4th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.16). Fluence Energy had a negative net margin of 2.04% and a negative return on equity of 10.10%. The business had revenue of $475.23 million during the quarter, compared to analysts’ expectations of $444.23 million. During the same period last year, the company earned ($0.32) EPS. The business’s quarterly revenue was up 154.4% compared to the same quarter last year. Equities research analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Fluence Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dragoneer Investment Group LLC purchased a new stake in Fluence Energy during the third quarter worth approximately $65,883,000. Goldman Sachs Group Inc. raised its holdings in Fluence Energy by 189.7% during the first 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Fluence Energy by 5,489.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock worth $60,247,000 after buying an additional 2,991,292 shares during the last quarter. UBS Group AG lifted its position in shares of Fluence Energy by 65.2% during the 4th quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock worth $51,940,000 after buying an additional 1,036,423 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Fluence Energy by 11.3% in the 3rd quarter. Millennium Management LLC now owns 2,232,750 shares of the company’s stock valued at $24,114,000 after buying an additional 227,080 shares in the last quarter. 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.