Fluence Energy (NASDAQ:FLNC) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Fluence Energy (NASDAQ:FLNC) from an underperform rating to a hold rating in a research report report published on Wednesday, MarketBeat Ratings reports. Jefferies Financial Group currently has $16.00 target price on the stock, up from their prior target price of $11.00.

FLNC has been the topic of a number of other reports. Weiss Ratings restated a “sell (e+)” rating on shares of Fluence Energy in a research report on Friday, October 31st. BNP Paribas Exane restated an “underperform” rating and set a $9.00 price target on shares of Fluence Energy in a report on Tuesday, October 21st. The Goldman Sachs Group raised their price target on Fluence Energy from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday. HSBC cut shares of Fluence Energy from a “hold” rating to a “reduce” rating and set a $5.00 price objective on the stock. in a research report on Wednesday, August 13th. Finally, Roth Capital raised their target price on shares of Fluence Energy from $7.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Fluence Energy presently has an average rating of “Reduce” and an average price target of $11.39.

Fluence Energy Price Performance

Fluence Energy stock opened at $19.64 on Wednesday. Fluence Energy has a 52-week low of $3.46 and a 52-week high of $23.74. The company has a quick ratio of 1.06, a current ratio of 1.51 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average is $16.75 and its 200 day moving average is $10.37. The company has a market cap of $3.58 billion, a price-to-earnings ratio of -46.75 and a beta of 2.88.

Fluence Energy (NASDAQ:FLNC) last posted its earnings results on Monday, November 24th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). The business 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 2.17%.The business’s quarterly revenue was down 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. Fluence Energy has set its FY 2026 guidance at EPS. Sell-side analysts forecast that Fluence Energy will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Dragoneer Investment Group LLC bought a new stake in Fluence Energy during the 3rd quarter valued at about $65,883,000. Goldman Sachs Group Inc. increased its position in shares of 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 acquiring an additional 2,076,668 shares during the period. Millennium Management LLC raised its stake in shares of Fluence Energy by 11.3% during the third quarter. Millennium Management LLC now owns 2,232,750 shares of the company’s stock valued at $24,114,000 after acquiring an additional 227,080 shares in the last quarter. Voloridge Investment Management LLC boosted its holdings in shares of Fluence Energy by 82.6% in the third quarter. Voloridge Investment Management LLC now owns 1,965,083 shares of the company’s stock valued at $21,223,000 after purchasing an additional 888,893 shares during the period. Finally, SG Americas Securities LLC grew its stake in Fluence Energy by 1,794.8% in the second quarter. SG Americas Securities LLC now owns 1,868,711 shares of the company’s stock worth $12,539,000 after purchasing an additional 1,770,090 shares in the last quarter. Hedge funds and other institutional investors own 53.16% of the company’s stock.

About Fluence Energy

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.