Fluence Energy’s (FLNC) Neutral Rating Reiterated at Robert W. Baird

Robert W. Baird reiterated their neutral rating on shares of Fluence Energy (NASDAQ:FLNC) in a report published on Wednesday morning, MarketBeat.com reports. Robert W. Baird currently has a $20.00 price target on the stock, down from their prior price target of $24.00.

A number of other research firms have also issued reports on FLNC. Royal Bank of Canada lowered their target price on Fluence Energy from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Susquehanna boosted their target price on shares of Fluence Energy from $23.00 to $28.00 and gave the stock a “positive” rating in a report on Wednesday, October 16th. Canaccord Genuity Group reduced their target price on shares of Fluence Energy from $37.00 to $34.00 and set a “buy” rating for the company in a report on Friday, November 29th. Truist Financial upped their price target on Fluence Energy from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Piper Sandler raised their price objective on Fluence Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Fluence Energy currently has an average rating of “Moderate Buy” and a consensus target price of $26.65.

Fluence Energy Stock Up 1.4 %

Shares of FLNC opened at $15.21 on Wednesday. Fluence Energy has a 52-week low of $12.74 and a 52-week high of $26.12. The firm has a market capitalization of $2.75 billion, a PE ratio of 117.00, a P/E/G ratio of 0.54 and a beta of 2.39. The firm has a 50-day moving average price of $19.64 and a 200 day moving average price of $19.18.

Fluence Energy (NASDAQ:FLNC) last announced its earnings results on Monday, November 25th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.23 by $0.11. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Fluence Energy had a return on equity of 4.10% and a net margin of 0.89%. The firm’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 earnings per share. On average, equities analysts expect that Fluence Energy will post 0.56 EPS for the current year.

Institutional Trading of Fluence Energy

Several hedge funds and other institutional investors have recently modified their holdings of FLNC. Principal Financial Group Inc. acquired a new position in Fluence Energy in the 3rd quarter worth about $5,742,000. Franklin Resources Inc. lifted its stake in Fluence Energy by 11.8% in the third quarter. Franklin Resources Inc. now owns 166,613 shares of the company’s stock valued at $3,644,000 after acquiring an additional 17,551 shares during the last quarter. Geode Capital Management LLC grew its position in Fluence Energy by 4.2% in the third quarter. Geode Capital Management LLC now owns 1,508,003 shares of the company’s stock worth $34,253,000 after acquiring an additional 60,633 shares in the last quarter. Duff & Phelps Investment Management Co. increased its stake in shares of Fluence Energy by 76.2% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 25,760 shares of the company’s stock worth $585,000 after purchasing an additional 11,138 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Fluence Energy by 296.8% in the 3rd quarter. Barclays PLC now owns 181,766 shares of the company’s stock valued at $4,127,000 after purchasing an additional 135,957 shares during the last quarter. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

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.