Fluence Energy (NASDAQ:FLNC) Shares Up 6.9% – Here’s Why

Fluence Energy, Inc. (NASDAQ:FLNC)’s stock price shot up 6.9% on Tuesday . The company traded as high as $28.83 and last traded at $28.9810. 903,221 shares were traded during mid-day trading, a decline of 81% from the average session volume of 4,830,271 shares. The stock had previously closed at $27.12.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Susquehanna raised their price target on shares of Fluence Energy from $17.00 to $20.00 and gave the company a “positive” rating in a report on Wednesday, November 26th. Johnson Rice restated a “hold” rating and set a $18.00 price objective on shares of Fluence Energy in a research report on Monday, December 8th. Mizuho reiterated an “underperform” rating and set a $15.00 target price (up from $9.00) on shares of Fluence Energy in a research note on Monday, December 8th. BNP Paribas Exane upgraded Fluence Energy to a “strong sell” rating in a research note on Tuesday, October 21st. Finally, Jefferies Financial Group upgraded Fluence Energy from an “underperform” rating to a “hold” rating and upped their price objective for the company from $11.00 to $16.00 in a research report on Wednesday, November 26th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $15.14.

Fluence Energy Price Performance

The firm has a 50 day moving average price of $22.33 and a 200 day moving average price of $15.61. The stock has a market capitalization of $5.77 billion, a PE ratio of -75.17 and a beta of 2.88. The company has a current ratio of 1.51, a quick ratio of 1.17 and a debt-to-equity ratio of 0.71.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Monday, November 24th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Fluence Energy had a negative return on equity of 9.21% and a negative net margin of 2.14%.The company 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 earned $0.34 EPS. The business’s quarterly revenue was down 15.2% compared to the same quarter last year. Research analysts anticipate that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Fluence Energy

Several large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of Fluence Energy by 1,441.8% in the first quarter. AQR Capital Management LLC now owns 900,674 shares of the company’s stock worth $4,368,000 after purchasing an additional 842,257 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Fluence Energy in the 1st quarter worth $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Fluence Energy by 2.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company’s stock worth $575,000 after buying an additional 3,364 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Fluence Energy by 189.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after buying an additional 2,076,668 shares in the last quarter. Finally, Strs Ohio bought a new stake in Fluence Energy during the first quarter valued at about $93,000. Hedge funds and other 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.