Fluence Energy (NASDAQ:FLNC) Shares Gap Down on Disappointing Earnings

Fluence Energy, Inc. (NASDAQ:FLNC)’s stock price gapped down before the market opened on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $28.99, but opened at $24.85. Fluence Energy shares last traded at $21.9140, with a volume of 5,958,622 shares.

The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.16). The company had revenue of $475.23 million during the quarter, compared to the consensus estimate of $444.23 million. Fluence Energy had a negative return on equity of 10.10% and a negative net margin of 2.04%.The firm’s revenue for the quarter was up 154.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.32) EPS.

Analyst Ratings Changes

FLNC has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $12.00 price target on shares of Fluence Energy in a report on Tuesday, January 20th. BNP Paribas Exane upgraded shares of Fluence Energy to a “strong sell” rating in a research report on Tuesday, October 21st. JPMorgan Chase & Co. raised their target price on Fluence Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Wall Street Zen upgraded Fluence Energy from a “sell” rating to a “hold” rating in a research note on Sunday, November 2nd. Finally, Susquehanna restated a “positive” rating and set a $27.00 price objective on shares of Fluence Energy in a research report on Friday. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.14.

Institutional Investors Weigh In On Fluence Energy

A number of institutional investors have recently made changes to their positions in the stock. Dragoneer Investment Group LLC acquired a new stake in shares of Fluence Energy in the third quarter valued at about $65,883,000. Goldman Sachs Group Inc. boosted its holdings in Fluence Energy by 189.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after acquiring an additional 2,076,668 shares during the last quarter. SG Americas Securities LLC increased its position in Fluence Energy by 1,794.8% during the 2nd quarter. SG Americas Securities LLC now owns 1,868,711 shares of the company’s stock valued at $12,539,000 after purchasing an additional 1,770,090 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of Fluence Energy in the 3rd quarter worth approximately $14,207,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Fluence Energy in the 3rd quarter valued at $12,901,000. Institutional investors own 53.16% of the company’s stock.

Fluence Energy Stock Performance

The company’s 50-day moving average price is $23.44 and its two-hundred day moving average price is $16.37. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of -44.18 and a beta of 2.90. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.17.

Fluence Energy Company Profile

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.