Fluence Energy (NASDAQ:FLNC) Trading 11.5% Higher Following Analyst Upgrade

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) traded up 11.5% on Monday after JPMorgan Chase & Co. raised their price target on the stock from $8.00 to $9.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Fluence Energy traded as high as $10.11 and last traded at $10.43. 2,282,574 shares were traded during mid-day trading, a decline of 56% from the average session volume of 5,153,897 shares. The stock had previously closed at $9.36.

Other research analysts also recently issued research reports about the company. Hsbc Global Res downgraded Fluence Energy from a “hold” rating to a “moderate sell” rating in a report on Wednesday, August 13th. Royal Bank Of Canada decreased their price objective on Fluence Energy from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 13th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $6.00 price objective on shares of Fluence Energy in a research note on Friday, July 11th. Susquehanna raised their price objective on Fluence Energy from $6.00 to $11.00 and gave the stock a “positive” rating in a research note on Monday, July 21st. Finally, Barclays decreased their price objective on Fluence Energy from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 12th. Four research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.13.

Institutional Investors Weigh In On Fluence Energy

A number of hedge funds have recently bought and sold shares of FLNC. Parallel Advisors LLC purchased a new position in shares of Fluence Energy in the 2nd quarter worth approximately $30,000. Ameritas Investment Partners Inc. boosted its holdings in shares of Fluence Energy by 25.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company’s stock worth $52,000 after purchasing an additional 1,586 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of Fluence Energy by 462.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company’s stock worth $39,000 after purchasing an additional 6,648 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of Fluence Energy in the 2nd quarter worth approximately $67,000. Finally, Activest Wealth Management purchased a new position in shares of Fluence Energy in the 2nd quarter worth approximately $68,000. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Fluence Energy Trading Down 3.7%

The stock has a market cap of $1.86 billion, a PE ratio of -48.62 and a beta of 2.66. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.64. The stock has a fifty day moving average price of $8.08 and a 200 day moving average price of $6.22.

Fluence Energy (NASDAQ:FLNC) last announced its earnings results on Monday, August 11th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The firm had revenue of $602.53 million during the quarter, compared to analysts’ expectations of $738.52 million. Fluence Energy had a negative return on equity of 3.42% and a negative net margin of 0.76%.The business’s revenue for the quarter was up 24.7% on a year-over-year basis. Fluence Energy has set its FY 2025 guidance at EPS. Equities analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current year.

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.