Fluence Energy, Inc. (NASDAQ:FLNC) Receives Average Rating of “Moderate Buy” from Analysts

Fluence Energy, Inc. (NASDAQ:FLNC) has been assigned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $28.56.

A number of equities research analysts recently commented on the stock. Bank of America increased their target price on shares of Fluence Energy from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, January 4th. Raymond James raised shares of Fluence Energy from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Wednesday, April 3rd. The Goldman Sachs Group decreased their price target on shares of Fluence Energy from $32.00 to $26.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Piper Sandler decreased their price target on shares of Fluence Energy from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. raised shares of Fluence Energy from a “neutral” rating to an “overweight” rating and set a $23.00 price target for the company in a report on Friday, February 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLNC. National Bank of Canada FI purchased a new position in shares of Fluence Energy during the 3rd quarter worth about $27,000. Pflug Koory LLC purchased a new position in Fluence Energy in the first quarter valued at approximately $35,000. Quarry LP purchased a new position in Fluence Energy in the fourth quarter valued at approximately $38,000. Allspring Global Investments Holdings LLC raised its holdings in Fluence Energy by 185.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,137 shares of the company’s stock valued at $49,000 after buying an additional 1,388 shares during the period. Finally, Quest Partners LLC purchased a new position in Fluence Energy in the fourth quarter valued at approximately $60,000. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

Fluence Energy Trading Up 2.1 %

Shares of NASDAQ:FLNC opened at $16.85 on Monday. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of -31.79 and a beta of 2.57. Fluence Energy has a 12 month low of $13.03 and a 12 month high of $31.32. The firm’s 50-day moving average is $15.86 and its 200 day moving average is $19.22.

Fluence Energy (NASDAQ:FLNC) last issued its earnings results on Wednesday, February 7th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). Fluence Energy had a negative return on equity of 11.18% and a negative net margin of 2.72%. The company had revenue of $363.96 million during the quarter, compared to the consensus estimate of $403.93 million. During the same quarter in the prior year, the company earned ($0.21) earnings per share. Fluence Energy’s revenue was up 17.2% on a year-over-year basis. As a group, equities analysts forecast that Fluence Energy will post 0.14 EPS for the current fiscal year.

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.