Wall Street Zen Upgrades Fluence Energy (NASDAQ:FLNC) to “Hold”

Fluence Energy (NASDAQ:FLNC) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other analysts have also recently commented on FLNC. Susquehanna lifted their price target on Fluence Energy from $6.00 to $11.00 and gave the company a “positive” rating in a report on Monday, July 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Fluence Energy in a report on Wednesday, October 8th. Royal Bank Of Canada decreased their target price on Fluence Energy from $8.00 to $7.00 and set a “sector perform” rating for the company in a report on Wednesday, August 13th. JPMorgan Chase & Co. boosted their target price on Fluence Energy from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. Finally, Barclays set a $13.00 target price on Fluence Energy in a report on Tuesday, October 7th. Four analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $8.98.

Fluence Energy Stock Down 12.1%

FLNC opened at $13.09 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 1.06. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of -62.33 and a beta of 2.76. The business has a 50-day moving average of $9.17 and a two-hundred day moving average of $6.93. Fluence Energy has a 12 month low of $3.46 and a 12 month high of $24.00.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. The company had revenue of $602.53 million during the quarter, compared to analysts’ expectations of $738.52 million. Fluence Energy had a negative return on equity of 3.42% and a negative net margin of 0.76%.The business’s revenue for the quarter was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. On average, research analysts expect that Fluence Energy will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Fluence Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its holdings in Fluence Energy by 189.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after acquiring an additional 2,076,668 shares during the period. CenterBook Partners LP purchased a new position in Fluence Energy in the 1st quarter worth approximately $12,458,000. SG Americas Securities LLC boosted its holdings in Fluence Energy by 1,794.8% in the 2nd quarter. SG Americas Securities LLC now owns 1,868,711 shares of the company’s stock worth $12,539,000 after acquiring an additional 1,770,090 shares during the period. Geode Capital Management LLC boosted its holdings in Fluence Energy by 10.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,683,637 shares of the company’s stock worth $11,298,000 after acquiring an additional 153,614 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in Fluence Energy by 83.7% in the 2nd quarter. Federated Hermes Inc. now owns 994,064 shares of the company’s stock worth $6,670,000 after acquiring an additional 452,896 shares during the period. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Fluence Energy Company Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.