Fluence Energy (FLNC) to Release Quarterly Earnings on Wednesday

Fluence Energy (NASDAQ:FLNC) is set to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect Fluence Energy to post earnings of ($0.07) per share for the quarter. Fluence Energy has set its FY 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Wednesday, February 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). Fluence Energy had a negative net margin of 2.72% and a negative return on equity of 11.18%. The firm had revenue of $363.96 million during the quarter, compared to the consensus estimate of $403.93 million. During the same period in the prior year, the firm earned ($0.21) earnings per share. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. On average, analysts expect Fluence Energy to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Fluence Energy Price Performance

Shares of FLNC opened at $20.90 on Monday. The stock has a market capitalization of $3.73 billion, a PE ratio of -39.43 and a beta of 2.48. The business’s fifty day moving average price is $16.08 and its 200 day moving average price is $19.11. Fluence Energy has a 12-month low of $13.03 and a 12-month high of $31.32.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. BMO Capital Markets raised shares of Fluence Energy from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a report on Tuesday, January 16th. Piper Sandler decreased their target price on Fluence Energy from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, April 11th. The Goldman Sachs Group dropped their price target on Fluence Energy from $32.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Raymond James upgraded Fluence Energy from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. raised Fluence Energy from a “neutral” rating to an “overweight” rating and set a $23.00 target price on the stock in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.56.

Fluence Energy Company Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.