JPMorgan Chase & Co. Lowers Fluence Energy (NASDAQ:FLNC) Price Target to $8.00

Fluence Energy (NASDAQ:FLNC) had its target price lowered by equities researchers at JPMorgan Chase & Co. from $17.00 to $8.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 6.88% from the company’s previous close.

FLNC has been the subject of a number of other research reports. Barclays downgraded Fluence Energy from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $16.00 to $10.00 in a report on Thursday, September 3rd. Citigroup lowered their price target on shares of Fluence Energy from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Morgan Stanley set a $15.00 price objective on shares of Fluence Energy in a research note on Friday, August 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Fluence Energy in a report on Wednesday, August 5th. Finally, Truist Financial set a $10.00 target price on shares of Fluence Energy in a research report on Thursday. Five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fluence Energy has an average rating of “Reduce” and an average price target of $13.52.

Fluence Energy Stock Performance

Shares of NASDAQ FLNC traded down $1.56 during trading hours on Thursday, reaching $7.49. 15,903,995 shares of the stock were exchanged, compared to its average volume of 7,951,583. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -12.28 and a beta of 2.74. The stock’s fifty day simple moving average is $12.54 and its 200 day simple moving average is $16.03. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.89 and a current ratio of 1.34. Fluence Energy has a 52 week low of $7.01 and a 52 week high of $33.51.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.24) earnings per share (EPS) for the quarter. Fluence Energy had a negative net margin of 3.13% and a negative return on equity of 16.79%. The firm had revenue of $649.85 million during the quarter, compared to the consensus estimate of $818.57 million. During the same quarter last year, the firm earned $0.01 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts predict that Fluence Energy will post -0.51 EPS for the current year.

Insider Transactions at Fluence Energy

In other Fluence Energy news, SVP John Zahurancik sold 16,000 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $25.18, for a total transaction of $402,880.00. Following the completion of the transaction, the senior vice president owned 87,145 shares of the company’s stock, valued at approximately $2,194,311.10. The trade was a 15.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fluence Energy

A number of hedge funds have recently made changes to their positions in FLNC. Tidal Investments LLC grew its holdings in shares of Fluence Energy by 126.7% during the 2nd quarter. Tidal Investments LLC now owns 207,694 shares of the company’s stock valued at $4,129,000 after purchasing an additional 116,064 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Fluence Energy in the 2nd quarter valued at approximately $94,000. Maven Securities LTD bought a new position in Fluence Energy in the 2nd quarter valued at approximately $398,000. IFP Advisors Inc boosted its position in Fluence Energy by 184.1% in the second quarter. IFP Advisors Inc now owns 1,540 shares of the company’s stock valued at $31,000 after buying an additional 998 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in Fluence Energy by 0.6% in the second quarter. Squarepoint Ops LLC now owns 268,318 shares of the company’s stock valued at $5,334,000 after buying an additional 1,707 shares in the last quarter. 53.16% of the stock is currently owned by institutional investors and hedge funds.

Fluence Energy News Summary

Here are the key news stories impacting Fluence Energy this week:

• Positive Sentiment: Canaccord Genuity maintained a buy rating despite cutting its price target to $15 from $24, implying substantial potential upside from current levels. Goldman Sachs’ new $9 target also remains above the recent share price, although its rating was downgraded to neutral.
• Neutral Sentiment: Fluence appointed Bernerd Da Santos as chief operating officer. He will oversee customer success, product development, supply chain, manufacturing and enterprise operations, potentially supporting efforts to improve execution. Fluence Energy Announces Bernerd Da Santos as Chief Operating Officer
• Negative Sentiment: Royal Bank of Canada cut its target to $4 from $15 and retained a sector-perform rating; BMO lowered its target to $7 from $14 and maintained market perform. Robert W. Baird also reiterated underperform while reducing its target to $3 from $10. Needham reaffirmed its hold rating.
• Negative Sentiment: Analyst commentary characterized the outlook as challenged by persistent supply-chain and execution issues. Fluence’s decision to “right-size growth” to limit working-capital requirements has increased concern that fiscal 2027 revenue could fall well short of the approximately $4 billion consensus estimate. Fluence Energy: Sell On Persistent Execution And Supply Chain Issues

Fluence Energy Company Profile

Fluence Energy, Inc is a global energy storage and software company that develops solutions to support the transition to cleaner and more reliable electricity systems. The company provides products and services for utilities, renewable energy developers, commercial and industrial customers, and other power market participants.

Its offerings include large-scale battery energy storage systems, renewable energy integration solutions, and digital applications for managing and optimizing energy assets.