Fluence Energy (NASDAQ:FLNC) Stock Price Up 3.4% – Here’s What Happened

Fluence Energy, Inc. (NASDAQ:FLNC) shares shot up 3.4% during mid-day trading on Friday . The stock traded as high as $20.59 and last traded at $20.50. 1,269,648 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 5,862,113 shares. The stock had previously closed at $19.83.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Jefferies Financial Group raised shares of Fluence Energy from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $11.00 to $16.00 in a report on Wednesday, November 26th. Johnson Rice reissued a “hold” rating and set a $18.00 target price on shares of Fluence Energy in a research report on Monday, December 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fluence Energy in a report on Monday. Royal Bank Of Canada raised their target price on Fluence Energy from $9.00 to $10.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 26th. Finally, Citigroup raised their target price on Fluence Energy from $7.50 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $13.54.

Fluence Energy Price Performance

The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of -48.73 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 company’s 50 day moving average is $19.55 and its 200 day moving average is $12.53.

Fluence Energy (NASDAQ:FLNC) last posted its 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). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates 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 for the quarter was down 15.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. Research analysts anticipate that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluence Energy

Several large investors have recently modified their holdings of the company. Invesco Ltd. boosted its stake in Fluence Energy by 152.4% during the 1st quarter. Invesco Ltd. now owns 925,011 shares of the company’s stock worth $4,486,000 after purchasing an additional 558,498 shares during the period. Nuveen LLC acquired a new position in Fluence Energy in the 1st quarter valued at about $942,000. HighTower Advisors LLC increased its position in Fluence Energy by 32.8% in the 1st quarter. HighTower Advisors LLC now owns 24,949 shares of the company’s stock valued at $121,000 after acquiring an additional 6,157 shares during the period. American Century Companies Inc. purchased a new stake in Fluence Energy during the 1st quarter valued at approximately $376,000. Finally, Quantbot Technologies LP acquired a new stake in Fluence Energy during the 1st quarter worth approximately $260,000. 53.16% of the stock is owned by institutional investors and hedge funds.

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.