Fluence Energy (NASDAQ:FLNC) Shares Gap Up – Should You Buy?

Fluence Energy, Inc. (NASDAQ:FLNC) shares gapped up before the market opened on Thursday . The stock had previously closed at $18.57, but opened at $20.48. Fluence Energy shares last traded at $19.5650, with a volume of 747,047 shares.

Analysts Set New Price Targets

FLNC has been the subject of several analyst reports. Wall Street Zen upgraded shares of Fluence Energy from a “sell” rating to a “hold” rating in a report on Sunday, November 2nd. Jefferies Financial Group raised shares of Fluence Energy from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $11.00 to $16.00 in a report on Wednesday, November 26th. BNP Paribas set a $9.00 price objective on Fluence Energy and gave the company an “underperform” rating in a report on Tuesday, October 21st. UBS Group upped their price target on Fluence Energy from $8.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Finally, Morgan Stanley boosted their price objective on Fluence Energy from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $13.54.

Fluence Energy Stock Performance

The company has a 50-day moving average price of $19.46 and a two-hundred day moving average price of $12.11. 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 stock has a market capitalization of $3.65 billion, a P/E ratio of -47.52 and a beta of 2.88.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp grew its stake in Fluence Energy by 8.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 13,452 shares of the company’s stock worth $160,000 after buying an additional 1,063 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Fluence Energy by 1.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,185 shares of the company’s stock valued at $1,082,000 after acquiring an additional 1,082 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Fluence Energy by 25.7% during the second quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company’s stock valued at $52,000 after purchasing an additional 1,586 shares in the last quarter. TFB Advisors LLC boosted its holdings in shares of Fluence Energy by 13.8% in the 3rd quarter. TFB Advisors LLC now owns 18,253 shares of the company’s stock worth $197,000 after purchasing an additional 2,215 shares in the last quarter. Finally, Creative Planning lifted its position in Fluence Energy by 16.0% in the 3rd quarter. Creative Planning now owns 18,819 shares of the company’s stock worth $203,000 after buying an additional 2,596 shares during the last quarter. Hedge funds and other institutional investors 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.