Fluence Energy (NASDAQ:FLNC) Shares Gap Down After Earnings Miss

Fluence Energy, Inc. (NASDAQ:FLNC) shares gapped down before the market opened on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $28.99, but opened at $24.85. Fluence Energy shares last traded at $21.9140, with a volume of 5,958,622 shares changing hands.

The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.16). The firm had revenue of $475.23 million during the quarter, compared to analyst estimates of $444.23 million. Fluence Energy had a negative net margin of 2.14% and a negative return on equity of 9.21%. The company’s revenue for the quarter was up 154.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.32) earnings per share.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Barclays increased their price target on Fluence Energy from $15.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Citigroup increased 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. Canaccord Genuity Group lifted their target price on shares of Fluence Energy from $10.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Roth Mkm reissued a “neutral” rating and issued a $26.00 price target on shares of Fluence Energy in a report on Wednesday, January 28th. Finally, Jefferies Financial Group upgraded Fluence Energy from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $11.00 to $16.00 in a report on Wednesday, November 26th. 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $15.91.

Institutional Investors Weigh In On Fluence Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dragoneer Investment Group LLC acquired a new stake in Fluence Energy during the third quarter worth approximately $65,883,000. Goldman Sachs Group Inc. raised its holdings in Fluence Energy by 189.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after acquiring an additional 2,076,668 shares in the last quarter. UBS Group AG lifted its position in shares of Fluence Energy by 65.2% during the 4th quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock valued at $51,940,000 after acquiring an additional 1,036,423 shares during the period. Millennium Management LLC grew its holdings in shares of Fluence Energy by 11.3% during the 3rd quarter. Millennium Management LLC now owns 2,232,750 shares of the company’s stock worth $24,114,000 after purchasing an additional 227,080 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its position in shares of Fluence Energy by 82.6% in the third quarter. Voloridge Investment Management LLC now owns 1,965,083 shares of the company’s stock worth $21,223,000 after purchasing an additional 888,893 shares during the period. 53.16% of the stock is currently owned by institutional investors and hedge funds.

Fluence Energy Stock Performance

The stock has a 50 day moving average of $23.45 and a 200 day moving average of $16.28. The company has a quick ratio of 1.17, a current ratio of 1.51 and a debt-to-equity ratio of 0.71. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of -51.87 and a beta of 2.90.

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.