Fluence Energy (NASDAQ:FLNC) Shares Gap Down – Should You Sell?

Fluence Energy, Inc. (NASDAQ:FLNC)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $20.45, but opened at $19.84. Fluence Energy shares last traded at $20.1020, with a volume of 210,493 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FLNC. Wall Street Zen upgraded Fluence Energy from a “sell” rating to a “hold” rating in a report on Sunday, November 2nd. BNP Paribas Exane reaffirmed an “underperform” rating and issued a $9.00 price objective on shares of Fluence Energy in a research report on Tuesday, October 21st. UBS Group lifted their target price on Fluence Energy from $8.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Roth Capital boosted their target price on shares of Fluence Energy from $7.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Finally, Canaccord Genuity Group upped their price target on shares of Fluence Energy from $10.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Four investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, Fluence Energy presently has a consensus rating of “Reduce” and an average target price of $13.54.

Fluence Energy Stock Up 0.9%

The firm has a market cap of $3.63 billion, a P/E ratio of -47.25 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. The business has a 50-day moving average price of $19.54 and a 200-day moving average price of $12.48.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Monday, November 24th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Fluence Energy had a negative return on equity of 9.21% and a negative net margin of 2.14%.The firm’s revenue was down 15.2% compared to the same quarter last year. During the same period last year, the company earned $0.34 earnings per share. On average, equities analysts forecast that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Fluence Energy

A number of large investors have recently bought and sold shares of the business. Dragoneer Investment Group LLC purchased a new stake in Fluence Energy during the third quarter worth $65,883,000. Goldman Sachs Group Inc. lifted its stake in shares of Fluence Energy by 189.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after purchasing an additional 2,076,668 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Fluence Energy by 1,794.8% during the 2nd quarter. SG Americas Securities LLC now owns 1,868,711 shares of the company’s stock worth $12,539,000 after purchasing an additional 1,770,090 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Fluence Energy during the third quarter valued at about $14,207,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Fluence Energy in the third quarter valued at about $12,901,000. 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.