Fluence Energy’s (FLNC) Underperform Rating Reiterated at Mizuho

Mizuho reaffirmed their underperform rating on shares of Fluence Energy (NASDAQ:FLNC) in a research report report published on Monday morning, Marketbeat reports. They currently have a $15.00 price objective on the stock, up from their prior price objective of $9.00.

Other analysts also recently issued research reports about the company. Morgan Stanley boosted their price objective on Fluence Energy from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. boosted their price target on shares of Fluence Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Roth Capital upped their price target on shares of Fluence Energy from $7.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, November 13th. Bank of America lifted their price objective on shares of Fluence Energy from $11.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Finally, Susquehanna boosted their target price on shares of Fluence Energy from $17.00 to $20.00 and gave the company a “positive” rating in a research note on Wednesday, November 26th. Four equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, Fluence Energy presently has an average rating of “Reduce” and a consensus target price of $13.28.

Fluence Energy Price Performance

NASDAQ FLNC opened at $23.81 on Monday. Fluence Energy has a 1 year low of $3.46 and a 1 year high of $24.79. The business’s fifty day moving average is $18.46 and its two-hundred day moving average is $11.35. The stock has a market capitalization of $4.35 billion, a P/E ratio of -56.69 and a beta of 2.88. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.17 and a current ratio of 1.51.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data 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 company had revenue of $1.04 billion for 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 business’s revenue was down 15.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share. On average, research analysts forecast that Fluence Energy will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fluence Energy

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