Fluence Energy (NASDAQ:FLNC) Trading 6.9% Higher – Here’s What Happened

Fluence Energy, Inc. (NASDAQ:FLNC) shares traded up 6.9% on Tuesday . The company traded as high as $28.83 and last traded at $28.9810. 903,221 shares were traded during mid-day trading, a decline of 81% from the average session volume of 4,830,271 shares. The stock had previously closed at $27.12.

Wall Street Analysts Forecast Growth

FLNC has been the subject of a number of analyst reports. UBS Group reaffirmed a “neutral” rating on shares of Fluence Energy in a research report on Thursday, January 15th. Wall Street Zen upgraded shares of Fluence Energy from a “sell” rating to a “hold” rating in a research note on Sunday, November 2nd. Roth Mkm upped their price objective on Fluence Energy from $7.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fluence Energy in a research report on Monday, December 29th. Finally, Bank of America lifted 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. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Fluence Energy has an average rating of “Reduce” and an average price target of $14.71.

Fluence Energy Trading Up 7.9%

The business’s 50 day moving average price is $21.49 and its two-hundred day moving average price is $15.24. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of -69.63 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.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.39 billion. Fluence Energy had a negative net margin of 2.14% and a negative return on equity of 9.21%. Fluence Energy’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS. On average, equities analysts predict that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fluence Energy

Large investors have recently bought and sold shares of the company. Dragoneer Investment Group LLC bought a new stake in shares of Fluence Energy during the third quarter worth about $65,883,000. Goldman Sachs Group Inc. grew its holdings in 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 acquiring an additional 2,076,668 shares during the last quarter. SG Americas Securities LLC increased its position in Fluence Energy by 1,794.8% in the 2nd quarter. SG Americas Securities LLC now owns 1,868,711 shares of the company’s stock valued at $12,539,000 after acquiring an additional 1,770,090 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in Fluence Energy in the 3rd quarter valued at approximately $14,207,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Fluence Energy during the third quarter valued at $12,901,000. 53.16% of the stock is currently owned by institutional investors.

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.