Fluence Energy (NASDAQ:FLNC) Price Target Raised to $10.00

Fluence Energy (NASDAQ:FLNC) had its price objective boosted by Royal Bank Of Canada from $9.00 to $10.00 in a research note released on Wednesday morning, MarketBeat Ratings reports. The firm currently has a sector perform rating on the stock.

A number of other analysts have also recently commented on FLNC. Weiss Ratings reiterated a “sell (e+)” rating on shares of Fluence Energy in a research report on Friday, October 31st. Hsbc Global Res cut shares of Fluence Energy from a “hold” rating to a “moderate sell” rating in a research note on Wednesday, August 13th. BNP Paribas set a $9.00 price target on shares of Fluence Energy and gave the stock an “underperform” rating in a report on Tuesday, October 21st. Wall Street Zen raised shares of Fluence Energy from a “sell” rating to a “hold” rating in a research report on Sunday, November 2nd. Finally, Jefferies Financial Group upgraded shares of Fluence Energy from an “underperform” rating to a “hold” rating and raised their target price for the stock from $11.00 to $16.00 in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $11.39.

Fluence Energy Trading Up 3.4%

Shares of Fluence Energy stock opened at $19.64 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.51 and a quick ratio of 1.06. Fluence Energy has a 1 year low of $3.46 and a 1 year high of $23.74. The company has a market capitalization of $3.58 billion, a P/E ratio of -46.75 and a beta of 2.88. The business has a 50 day moving average price of $16.75 and a 200 day moving average price of $10.37.

Fluence Energy (NASDAQ:FLNC) last announced its earnings results on Monday, November 24th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.39 billion. Fluence Energy had a negative net margin of 2.17% and a negative return on equity of 9.21%. Fluence Energy’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. Fluence Energy has set its FY 2026 guidance at EPS. Sell-side analysts anticipate that Fluence Energy will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Fluence Energy

Hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC purchased a new stake in shares of Fluence Energy during the 2nd quarter valued at $30,000. Advisory Services Network LLC acquired a new position in Fluence Energy in the third quarter valued at $48,000. Quantbot Technologies LP purchased a new stake in Fluence Energy during the third quarter valued at about $51,000. Ameritas Investment Partners Inc. increased its stake in Fluence Energy by 25.7% during the second quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company’s stock worth $52,000 after acquiring an additional 1,586 shares during the last quarter. Finally, TFB Advisors LLC acquired a new stake in Fluence Energy during the first quarter worth about $53,000. Institutional investors and hedge funds 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.