Fluence Energy (NASDAQ:FLNC) Shares Gap Up – Time to Buy?

Fluence Energy, Inc. (NASDAQ:FLNC)’s share price gapped up before the market opened on Friday . The stock had previously closed at $18.95, but opened at $20.40. Fluence Energy shares last traded at $19.2070, with a volume of 1,926,742 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Mizuho set a $13.00 target price on Fluence Energy in a report on Friday. Bank of America increased their price objective on Fluence Energy from $17.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, December 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Fluence Energy in a research report on Monday, December 29th. Wall Street Zen raised Fluence Energy from a “sell” rating to a “hold” rating in a report on Sunday, November 2nd. Finally, Canaccord Genuity Group increased their price target on shares of Fluence Energy from $10.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.14.

Fluence Energy Stock Up 6.3%

The firm has a market capitalization of $3.69 billion, a PE ratio of -45.83 and a beta of 2.90. The business’s fifty day moving average price is $23.45 and its 200 day moving average price is $16.30. The company has a quick ratio of 1.17, a current ratio of 1.51 and a debt-to-equity ratio of 0.71.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings data on Wednesday, February 4th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.16). Fluence Energy had a negative net margin of 2.04% and a negative return on equity of 9.93%. The company had revenue of $475.23 million for the quarter, compared to analysts’ expectations of $444.23 million. During the same period in the prior year, the company earned ($0.32) earnings per share. The firm’s revenue was up 154.4% on a year-over-year basis. On average, equities research analysts forecast that Fluence Energy, Inc. will post 0.08 earnings per share 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. GAMMA Investing LLC boosted its stake 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 valued at $48,000 after buying an additional 437 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Fluence Energy by 442.9% in the fourth quarter. Farther Finance Advisors LLC now owns 3,377 shares of the company’s stock valued at $67,000 after acquiring an additional 2,755 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Fluence Energy by 17.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the company’s stock worth $79,000 after purchasing an additional 586 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Fluence Energy during the 3rd quarter worth $48,000. Finally, Quantbot Technologies LP purchased a new position in shares of Fluence Energy in the 3rd quarter valued at about $51,000. Hedge funds and other institutional investors own 53.16% of the company’s stock.

About Fluence Energy

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.