Fluence Energy (NASDAQ:FLNC) Raised to “Neutral” at Guggenheim

Fluence Energy (NASDAQ:FLNC) was upgraded by equities research analysts at Guggenheim from a “sell” rating to a “neutral” rating in a report released on Thursday,Finviz reports.

Other equities research analysts have also issued research reports about the company. Canaccord Genuity Group increased 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. Bank of America set a $32.00 price objective on Fluence Energy in a research report on Tuesday, February 3rd. UBS Group restated a “neutral” rating on shares of Fluence Energy in a research note on Thursday, January 15th. Susquehanna reiterated a “positive” rating and issued a $27.00 price target on shares of Fluence Energy in a research note on Friday, February 6th. Finally, Johnson Rice reiterated a “hold” rating and set a $18.00 price target on shares of Fluence Energy in a report on Monday, December 8th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $16.25.

Fluence Energy Stock Performance

Shares of Fluence Energy stock opened at $15.99 on Thursday. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of -36.34 and a beta of 2.99. Fluence Energy has a 12 month low of $3.46 and a 12 month high of $33.51. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.08. The business has a 50-day moving average of $20.93 and a 200 day moving average of $18.09.

Fluence Energy (NASDAQ:FLNC) last announced its earnings results on Wednesday, February 4th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.16). Fluence Energy had a negative return on equity of 10.10% and a negative net margin of 2.04%.The business had revenue of $475.23 million for the quarter, compared to analysts’ expectations of $444.23 million. During the same period in the previous year, the company earned ($0.32) earnings per share. Fluence Energy’s quarterly revenue was up 154.4% on a year-over-year basis. As a group, sell-side analysts forecast that Fluence Energy will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Fluence Energy

Institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its holdings in Fluence Energy by 1,441.8% during the first quarter. AQR Capital Management LLC now owns 900,674 shares of the company’s stock worth $4,368,000 after purchasing an additional 842,257 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Fluence Energy in the 1st quarter valued at $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Fluence Energy by 2.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company’s stock valued at $575,000 after buying an additional 3,364 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of 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 buying an additional 2,076,668 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Fluence Energy during the 1st quarter worth $93,000. Hedge funds and other institutional investors own 53.16% of the company’s stock.

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.