Fluence Energy, Inc. (NASDAQ:FLNC) Given Average Rating of “Reduce” by Analysts

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have earned a consensus recommendation of “Reduce” from the twenty-six ratings firms that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $13.5435.

Several research analysts have recently issued reports on the company. Mizuho reissued an “underperform” rating and issued a $15.00 target price (up previously from $9.00) on shares of Fluence Energy in a research report on Monday, December 8th. JPMorgan Chase & Co. upped their price target on Fluence Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Susquehanna increased their price objective on Fluence Energy from $17.00 to $20.00 and gave the stock a “positive” rating in a report on Wednesday, November 26th. The Goldman Sachs Group raised their price objective on Fluence Energy from $20.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fluence Energy in a research report on Monday, December 29th.

Hedge Funds Weigh In On Fluence Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of Fluence Energy by 22.2% during the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after purchasing an additional 437 shares during the last quarter. Jones Financial Companies Lllp increased its position in Fluence Energy by 8.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 13,452 shares of the company’s stock valued at $160,000 after buying an additional 1,063 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Fluence Energy by 1.1% during 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 buying an additional 1,082 shares during the last quarter. Ameritas Investment Partners Inc. raised 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 valued at $52,000 after buying an additional 1,586 shares during the last quarter. Finally, TFB Advisors LLC boosted its holdings in Fluence Energy by 13.8% in the third quarter. TFB Advisors LLC now owns 18,253 shares of the company’s stock worth $197,000 after acquiring an additional 2,215 shares in the last quarter. Institutional investors own 53.16% of the company’s stock.

Fluence Energy Trading Down 1.9%

Shares of FLNC opened at $21.83 on Wednesday. Fluence Energy has a 1-year low of $3.46 and a 1-year high of $25.85. The company has a current ratio of 1.51, a quick ratio of 1.17 and a debt-to-equity ratio of 0.71. The firm’s 50-day moving average price is $20.07 and its 200-day moving average price is $13.51. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of -51.98 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). The company 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%.Fluence Energy’s quarterly revenue was down 15.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 earnings per share. Sell-side analysts anticipate that Fluence Energy will post 0.08 EPS for the current year.

About Fluence Energy

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.