Fluence Energy, Inc. (NASDAQ:FLNC) Receives Average Recommendation of “Reduce” from Brokerages

Fluence Energy, Inc. (NASDAQ:FLNC) has received an average recommendation of “Reduce” from the twenty-three research firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $15.1429.

A number of brokerages have recently commented on FLNC. Susquehanna upped their price target on Fluence Energy from $17.00 to $20.00 and gave the company a “positive” rating in a research report on Wednesday, November 26th. Citigroup boosted their price objective on Fluence Energy from $7.50 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Bank of America upped their price objective on shares of Fluence Energy from $17.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, December 9th. UBS Group reiterated a “neutral” rating on shares of Fluence Energy in a research report on Thursday, January 15th. Finally, Roth Mkm reissued a “neutral” rating and set a $26.00 target price on shares of Fluence Energy in a report on Wednesday.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in Fluence Energy by 22.2% in 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 in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Fluence Energy during the 3rd quarter valued at $48,000. Quantbot Technologies LP bought a new stake in shares of Fluence Energy during the 3rd quarter worth $51,000. Ameritas Investment Partners Inc. grew its position in Fluence Energy by 25.7% in 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 in the last quarter. Finally, Quarry LP increased its stake in Fluence Energy by 4,371.4% in the third quarter. Quarry LP now owns 5,947 shares of the company’s stock valued at $64,000 after acquiring an additional 5,814 shares during the last quarter. Institutional investors own 53.16% of the company’s stock.

Fluence Energy Stock Down 2.5%

Fluence Energy stock opened at $30.77 on Friday. The firm has a 50 day moving average price of $22.63 and a 200-day moving average price of $15.82. The company has a quick ratio of 1.17, a current ratio of 1.51 and a debt-to-equity ratio of 0.71. Fluence Energy has a twelve month low of $3.46 and a twelve month high of $33.51. The company has a market capitalization of $5.63 billion, a P/E ratio of -73.26 and a beta of 2.88.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings data on Monday, November 24th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.10). Fluence Energy had a negative net margin of 2.14% and a negative return on equity of 9.21%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the company posted $0.34 EPS. Fluence Energy’s revenue for the quarter was down 15.2% on a year-over-year basis. As a group, equities analysts predict 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.