Fluence Energy (NASDAQ:FLNC) Trading Up 8% – Should You Buy?

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) traded up 8% during mid-day trading on Friday . The company traded as high as $23.01 and last traded at $22.87. 1,578,929 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 4,113,520 shares. The stock had previously closed at $21.18.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FLNC. The Goldman Sachs Group upped their target price on Fluence Energy from $20.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Canaccord Genuity Group lifted their price target on Fluence Energy from $10.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. BNP Paribas Exane reiterated an “underperform” rating and issued a $9.00 price objective on shares of Fluence Energy in a report on Tuesday, October 21st. BNP Paribas set a $9.00 price objective on Fluence Energy and gave the company an “underperform” rating in a research report on Tuesday, October 21st. Finally, Citigroup upped their target price on shares of Fluence Energy from $7.50 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, Fluence Energy has an average rating of “Reduce” and a consensus target price of $13.54.

Fluence Energy Stock Up 7.0%

The stock has a market cap of $4.15 billion, a PE ratio of -54.16 and a beta of 2.88. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.51 and a quick ratio of 1.17. The company has a 50 day moving average price of $20.09 and a two-hundred day moving average price of $13.62.

Fluence Energy (NASDAQ:FLNC) last released 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). Fluence Energy had a negative return on equity of 9.21% and a negative net margin of 2.14%.The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the business posted $0.34 earnings per share. Fluence Energy’s quarterly revenue was down 15.2% compared to the same quarter last year. Analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Fluence Energy

A number of large investors have recently added to or reduced their stakes in FLNC. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Fluence Energy by 4.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 30,657 shares of the company’s stock valued at $669,000 after buying an additional 1,434 shares during the period. Green Alpha Advisors LLC increased its position in Fluence Energy by 6.0% during the fourth quarter. Green Alpha Advisors LLC now owns 28,074 shares of the company’s stock valued at $555,000 after acquiring an additional 1,597 shares during the last quarter. Union Bancaire Privee UBP SA increased its position in Fluence Energy by 66.2% during the fourth quarter. Union Bancaire Privee UBP SA now owns 36,262 shares of the company’s stock valued at $717,000 after acquiring an additional 14,440 shares during the last quarter. GAMMA Investing LLC lifted its holdings in 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 acquiring an additional 437 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new position in Fluence Energy in the third quarter worth about $4,062,000. 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.