Fluence Energy (NASDAQ:FLNC) Issues Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Fluence Energy (NASDAQ:FLNC) announced its earnings results on Monday. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.15), Zacks reports. Fluence Energy had a net margin of 0.89% and a return on equity of 4.10%. Fluence Energy updated its FY 2025 guidance to EPS.

Fluence Energy Trading Up 4.3 %

Shares of FLNC opened at $13.07 on Tuesday. Fluence Energy has a twelve month low of $11.89 and a twelve month high of $26.12. The company has a market cap of $2.37 billion, a P/E ratio of 100.54, a P/E/G ratio of 0.49 and a beta of 2.37. The company’s fifty day simple moving average is $15.58 and its 200-day simple moving average is $18.23.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FLNC shares. Bank of America cut their target price on shares of Fluence Energy from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Guggenheim reaffirmed a “buy” rating and set a $26.00 price target on shares of Fluence Energy in a report on Friday, December 6th. Susquehanna lifted their price target on shares of Fluence Energy from $23.00 to $28.00 and gave the company a “positive” rating in a report on Wednesday, October 16th. Truist Financial lifted their price target on shares of Fluence Energy from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Royal Bank of Canada lowered their price target on shares of Fluence Energy from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.60.

Insider Activity

In other news, Director Herman E. Bulls bought 10,000 shares of Fluence Energy stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $15.57 per share, with a total value of $155,700.00. Following the completion of the purchase, the director now owns 75,861 shares in the company, valued at $1,181,155.77. The trade was a 15.18 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.65% of the company’s stock.

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.