Fluence Energy (NASDAQ:FLNC) Shares Down 8.7% – Should You Sell?

Fluence Energy, Inc. (NASDAQ:FLNC) shares dropped 8.7% on Tuesday . The stock traded as low as $24.99 and last traded at $24.7280. Approximately 1,597,013 shares were traded during trading, a decline of 66% from the average daily volume of 4,734,556 shares. The stock had previously closed at $27.08.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FLNC. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fluence Energy in a report on Monday, December 29th. Wall Street Zen upgraded Fluence Energy from a “sell” rating to a “hold” rating in a report on Sunday, November 2nd. Barclays upped their price objective on shares of Fluence Energy from $15.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Johnson Rice reiterated a “hold” rating and issued a $18.00 target price on shares of Fluence Energy in a report on Monday, December 8th. Finally, Roth Mkm lifted their target price on shares of Fluence Energy from $7.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $14.62.

Fluence Energy Stock Up 3.5%

The company has a market cap of $4.99 billion, a price-to-earnings ratio of -64.93 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 fifty day moving average price of $21.12 and a two-hundred day moving average price of $14.89.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings results on Monday, November 24th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.10). The company 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 business’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 earnings per share. On average, equities analysts predict that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Fluence Energy

A number of hedge funds have recently modified their holdings of FLNC. Parallel Advisors LLC bought a new stake in shares of Fluence Energy during the 2nd quarter worth about $30,000. GAMMA Investing LLC lifted its holdings in Fluence Energy by 22.2% in the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after purchasing an additional 437 shares during the last quarter. Advisory Services Network LLC bought a new stake in Fluence Energy during the third quarter worth approximately $48,000. Quantbot Technologies LP bought a new stake in Fluence Energy during the third quarter worth approximately $51,000. Finally, Ameritas Investment Partners Inc. grew its holdings in Fluence Energy by 25.7% during the second quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company’s stock valued at $52,000 after purchasing an additional 1,586 shares during the last quarter. 53.16% of the stock is owned by institutional investors and hedge funds.

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.