Wall Street Zen Upgrades Fluence Energy (NASDAQ:FLNC) to “Hold”

Fluence Energy (NASDAQ:FLNC) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada decreased their price target on shares of Fluence Energy from $8.00 to $7.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 13th. Hsbc Global Res lowered shares of Fluence Energy from a “hold” rating to a “moderate sell” rating in a research note on Wednesday, August 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Fluence Energy in a research note on Friday. Seaport Res Ptn lowered shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Finally, Bank of America upped their price objective on shares of Fluence Energy from $11.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fluence Energy currently has an average rating of “Reduce” and a consensus target price of $9.12.

Fluence Energy Price Performance

FLNC stock opened at $20.81 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 1.06. Fluence Energy has a 1 year low of $3.46 and a 1 year high of $24.00. The company has a 50 day simple moving average of $12.57 and a 200 day simple moving average of $8.57. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of -99.10 and a beta of 2.87.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. The firm had revenue of $602.53 million during the quarter, compared to analysts’ expectations of $738.52 million. The firm’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. Research analysts anticipate that Fluence Energy will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. AlphaQuest LLC increased its stake in shares of Fluence Energy by 132.0% in the third quarter. AlphaQuest LLC now owns 22,579 shares of the company’s stock worth $244,000 after buying an additional 12,845 shares during the period. Activest Wealth Management lifted its position in shares of Fluence Energy by 128.9% in the 3rd quarter. Activest Wealth Management now owns 23,185 shares of the company’s stock worth $250,000 after purchasing an additional 13,055 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Fluence Energy in the 3rd quarter worth about $810,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Fluence Energy in the 3rd quarter worth about $164,000. Finally, Olympiad Research LP purchased a new stake in shares of Fluence Energy in the 3rd quarter worth about $273,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

About Fluence Energy

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.