Fluence Energy (NASDAQ:FLNC) Given New $25.00 Price Target at Susquehanna

Fluence Energy (NASDAQ:FLNC) had its price target raised by equities researchers at Susquehanna from $23.00 to $25.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s price target indicates a potential upside of 31.79% from the stock’s current price.

Several other research analysts have also recently issued reports on FLNC. Zacks Research cut Fluence Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Mizuho set a $13.00 price target on Fluence Energy in a report on Friday, February 6th. Morgan Stanley set a $16.00 price objective on Fluence Energy in a research note on Monday, January 26th. Jefferies Financial Group set a $24.00 price objective on Fluence Energy in a research report on Monday, February 9th. Finally, Roth Mkm upgraded Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Friday. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $17.12.

Fluence Energy Trading Up 39.9%

Shares of Fluence Energy stock opened at $18.97 on Friday. The business has a fifty day simple moving average of $14.61 and a 200-day simple moving average of $18.78. Fluence Energy has a fifty-two week low of $3.93 and a fifty-two week high of $33.51. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of -52.69 and a beta of 2.62. The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 0.80.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02. The firm had revenue of $464.89 million for the quarter, compared to analysts’ expectations of $614.93 million. Fluence Energy had a negative net margin of 1.64% and a negative return on equity of 8.05%. Fluence Energy’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.24) earnings per share. On average, equities analysts forecast that Fluence Energy will post -0.22 EPS for the current fiscal year.

Insider Transactions at Fluence Energy

In other news, Director Heynitz Harald Von sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $16.50, for a total value of $165,000.00. Following the sale, the director directly owned 63,550 shares of the company’s stock, valued at approximately $1,048,575. This trade represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.69% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fluence Energy

Several hedge funds and other institutional investors have recently modified their holdings of FLNC. KBC Group NV grew its position in Fluence Energy by 2.9% in the 1st quarter. KBC Group NV now owns 152,172 shares of the company’s stock worth $2,094,000 after purchasing an additional 4,300 shares during the last quarter. World Equity Group Inc. bought a new position in Fluence Energy during the first quarter worth about $261,000. Sanctuary Advisors LLC boosted its holdings in Fluence Energy by 38.5% during the first quarter. Sanctuary Advisors LLC now owns 37,636 shares of the company’s stock valued at $518,000 after purchasing an additional 10,455 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Fluence Energy by 10.2% in the 1st quarter. Bleakley Financial Group LLC now owns 23,846 shares of the company’s stock worth $328,000 after buying an additional 2,203 shares in the last quarter. Finally, Fifth Third Bancorp bought a new position in shares of Fluence Energy during the 1st quarter worth approximately $153,000. Institutional investors and hedge funds 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.