Fluence Energy (NASDAQ:FLNC) Issues Earnings Results, Misses Estimates By $0.16 EPS

Fluence Energy (NASDAQ:FLNC) posted its earnings results on Wednesday. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.16), FiscalAI reports. Fluence Energy had a negative net margin of 2.14% and a negative return on equity of 9.21%. The company had revenue of $475.23 million during the quarter, compared to the consensus estimate of $444.23 million. During the same quarter in the previous year, the business posted ($0.32) earnings per share. The business’s quarterly revenue was up 154.4% compared to the same quarter last year.

Fluence Energy Stock Down 10.1%

Shares of FLNC opened at $28.99 on Thursday. Fluence Energy has a 52 week low of $3.46 and a 52 week high of $33.51. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.17 and a current ratio of 1.51. The firm has a market capitalization of $5.30 billion, a P/E ratio of -69.02 and a beta of 2.90. The company has a 50-day simple moving average of $23.45 and a 200-day simple moving average of $16.28.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FLNC. Bank of America increased their target price on shares of Fluence Energy from $17.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft set a $32.00 price target on Fluence Energy in a research note on Tuesday. Canaccord Genuity Group raised their target price on Fluence Energy from $10.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Citigroup boosted their price objective on shares of Fluence Energy from $7.50 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Finally, Susquehanna upped their target price on Fluence Energy from $17.00 to $20.00 and gave the stock a “positive” rating in a research report on Wednesday, November 26th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Fluence Energy currently has a consensus rating of “Reduce” and an average target price of $15.91.

Hedge Funds Weigh In On Fluence Energy

A number of hedge funds have recently modified their holdings of FLNC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Fluence Energy by 1.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,185 shares of the company’s stock worth $1,082,000 after acquiring an additional 1,082 shares in the last quarter. Creative Planning raised its position in shares of Fluence Energy by 16.0% during the third quarter. Creative Planning now owns 18,819 shares of the company’s stock worth $203,000 after acquiring an additional 2,596 shares during the last quarter. American Century Companies Inc. raised its holdings in Fluence Energy by 3.4% during the 2nd quarter. American Century Companies Inc. now owns 80,288 shares of the company’s stock worth $539,000 after purchasing an additional 2,674 shares during the last quarter. Amundi lifted its holdings in Fluence Energy by 3.3% in the second quarter. Amundi now owns 106,434 shares of the company’s stock valued at $714,000 after buying an additional 3,416 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Fluence Energy in the 3rd quarter valued at $48,000. 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.