Fluence Energy, Inc. (NASDAQ:FLNC) Given Consensus Recommendation of “Hold” by Analysts

Fluence Energy, Inc. (NASDAQ:FLNC) has earned an average recommendation of “Hold” from the twenty brokerages that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $16.25.

Several equities research analysts have recently issued reports on FLNC shares. Weiss Ratings restated a “sell (d)” rating on shares of Fluence Energy in a research note on Monday, December 29th. Bank of America set a $32.00 price objective on Fluence Energy in a report on Tuesday, February 3rd. Jefferies Financial Group set a $24.00 target price on Fluence Energy in a research note on Monday, February 9th. Susquehanna reaffirmed a “positive” rating and set a $27.00 price target on shares of Fluence Energy in a research report on Friday, February 6th. Finally, Mizuho set a $13.00 price target on Fluence Energy in a research note on Friday, February 6th.

Fluence Energy Trading Down 1.0%

Shares of Fluence Energy stock opened at $16.33 on Thursday. The firm has a market cap of $3.00 billion, a PE ratio of -37.11 and a beta of 2.90. Fluence Energy has a 1 year low of $3.46 and a 1 year high of $33.51. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.08. The stock has a fifty day moving average price of $22.26 and a 200-day moving average price of $17.21.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings data on Wednesday, February 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.16). The company had revenue of $475.23 million for the quarter, compared to analysts’ expectations of $444.23 million. Fluence Energy had a negative return on equity of 10.10% and a negative net margin of 2.04%.The business’s quarterly revenue was up 154.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.32) EPS. Equities research analysts anticipate that Fluence Energy will post 0.08 EPS for the current year.

Institutional Trading of Fluence Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Curio Wealth LLC bought a new position in Fluence Energy in the 4th quarter worth approximately $31,000. State of Wyoming purchased a new stake in shares of Fluence Energy during the fourth quarter worth $36,000. GAMMA Investing LLC boosted its holdings in shares of Fluence Energy by 22.2% in the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after acquiring an additional 437 shares during the period. Advisory Services Network LLC bought a new stake in shares of Fluence Energy during the 3rd quarter valued at $48,000. Finally, Quantbot Technologies LP purchased a new stake in Fluence Energy during the 3rd quarter worth about $51,000. Institutional investors own 53.16% of the company’s stock.

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.