Fluence Energy (NASDAQ:FLNC) Price Target Raised to $25.00

by · The Cerbat Gem

Fluence Energy (NASDAQ:FLNC – Free Report) had its target price hoisted by Bank of America from $17.00 to $25.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Bank of America currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. Canaccord Genuity Group upped their price objective on Fluence Energy from $10.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Royal Bank Of Canada boosted their target price on shares of Fluence Energy from $9.00 to $10.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fluence Energy in a research note on Tuesday, December 2nd. UBS Group lifted their price objective on shares of Fluence Energy from $8.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Finally, Hsbc Global Res downgraded shares of Fluence Energy from a “hold” rating to a “moderate sell” rating in a research note on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $13.28.

Read Our Latest Report on FLNC

Fluence Energy Stock Performance

Shares of NASDAQ:FLNC opened at $25.79 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.17 and a debt-to-equity ratio of 0.71. Fluence Energy has a 12 month low of $3.46 and a 12 month high of $25.81. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of -61.40 and a beta of 2.88. The firm’s 50-day moving average is $18.72 and its 200 day moving average is $11.45.

Fluence Energy (NASDAQ:FLNC – Get Free Report) last announced its earnings results on Monday, November 24th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.10). The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Fluence Energy had a negative net margin of 2.14% and a negative return on equity of 9.21%. The firm’s quarterly revenue was down 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. Research analysts predict that Fluence Energy will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FLNC. Invesco Ltd. raised its holdings in shares of Fluence Energy by 152.4% in the 1st quarter. Invesco Ltd. now owns 925,011 shares of the company’s stock valued at $4,486,000 after purchasing an additional 558,498 shares in the last quarter. Nuveen LLC bought a new position in Fluence Energy in the first quarter worth approximately $942,000. HighTower Advisors LLC raised its stake in Fluence Energy by 32.8% in the first quarter. HighTower Advisors LLC now owns 24,949 shares of the company’s stock worth $121,000 after buying an additional 6,157 shares in the last quarter. American Century Companies Inc. purchased a new stake in Fluence Energy during the first quarter worth $376,000. Finally, Quantbot Technologies LP bought a new stake in Fluence Energy during the 1st quarter valued at $260,000. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Fluence Energy Company Profile

(Get Free Report)

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.

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