Fluence Energy (NASDAQ:FLNC) Price Target Raised to $15.00

Fluence Energy (NASDAQ:FLNC) had its target price hoisted by The Goldman Sachs Group from $10.00 to $15.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

FLNC has been the subject of several other research reports. Mizuho reiterated a “neutral” rating and issued a $10.00 target price (up previously from $6.00) on shares of Fluence Energy in a research note on Monday, July 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fluence Energy in a research note on Wednesday. Jefferies Financial Group reiterated an “underperform” rating and issued a $6.00 target price on shares of Fluence Energy in a research note on Friday, July 11th. Hsbc Global Res lowered shares of Fluence Energy from a “hold” rating to a “moderate sell” rating in a research note on Wednesday, August 13th. Finally, Royal Bank Of Canada reduced their price target on shares of Fluence Energy from $8.00 to $7.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Fluence Energy currently has an average rating of “Hold” and a consensus price target of $8.98.

Fluence Energy Stock Performance

NASDAQ FLNC opened at $13.09 on Wednesday. Fluence Energy has a 1 year low of $3.46 and a 1 year high of $24.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 1.06. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of -62.33 and a beta of 2.76. The company has a fifty day moving average price of $9.17 and a 200-day moving average price of $6.90.

Fluence Energy (NASDAQ:FLNC) last posted its earnings results on Monday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.03. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. The firm had revenue of $602.53 million during the quarter, compared to analyst estimates of $738.52 million. The company’s revenue was up 24.7% on a year-over-year basis. Fluence Energy has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Fluence Energy will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluence Energy

Institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC purchased a new stake in Fluence Energy during the second quarter valued at about $30,000. SBI Securities Co. Ltd. lifted its holdings in Fluence Energy by 462.6% during the first quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company’s stock valued at $39,000 after purchasing an additional 6,648 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings 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 purchasing an additional 1,586 shares during the last quarter. TFB Advisors LLC purchased a new stake in Fluence Energy during the first quarter valued at about $53,000. Finally, Voleon Capital Management LP purchased a new stake in Fluence Energy during the first quarter valued at about $55,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

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.