Fluence Energy (NASDAQ:FLNC) Stock Price Up 9.5% After Analyst Upgrade

Fluence Energy, Inc. (NASDAQ:FLNC) shares traded up 9.5% during trading on Wednesday after Royal Bank Of Canada raised their price target on the stock from $9.00 to $10.00. Royal Bank Of Canada currently has a sector perform rating on the stock. Fluence Energy traded as high as $18.84 and last traded at $18.3610. 2,257,634 shares were traded during trading, a decline of 62% from the average session volume of 5,886,324 shares. The stock had previously closed at $16.77.

FLNC has been the subject of several other research reports. Jefferies Financial Group upgraded Fluence Energy from an “underperform” rating to a “hold” rating and set a $16.00 price target for the company in a report on Wednesday. Barclays set a $15.00 target price on shares of Fluence Energy in a research note on Tuesday. BNP Paribas Exane reissued an “underperform” rating and set a $9.00 price target on shares of Fluence Energy in a research report on Tuesday, October 21st. HSBC cut shares of Fluence Energy from a “hold” rating to a “reduce” rating and set a $5.00 price target on the stock. in a report on Wednesday, August 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $20.00 price objective on shares of Fluence Energy in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fluence Energy has an average rating of “Reduce” and an average target price of $11.39.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Canal Insurance CO boosted its holdings in shares of Fluence Energy by 16.0% in the second quarter. Canal Insurance CO now owns 580,000 shares of the company’s stock worth $3,892,000 after acquiring an additional 80,000 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Fluence Energy by 32.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 509,363 shares of the company’s stock valued at $3,157,000 after buying an additional 124,203 shares during the period. Mizuho Markets Americas LLC lifted its holdings in shares of Fluence Energy by 343.1% in the first quarter. Mizuho Markets Americas LLC now owns 281,185 shares of the company’s stock worth $1,364,000 after buying an additional 217,725 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Fluence Energy by 616.2% in the first quarter. Hsbc Holdings PLC now owns 140,534 shares of the company’s stock worth $669,000 after buying an additional 120,913 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Fluence Energy by 2,409.2% in the first quarter. Federated Hermes Inc. now owns 541,168 shares of the company’s stock valued at $2,625,000 after acquiring an additional 519,601 shares during the period. 53.16% of the stock is owned by institutional investors.

Fluence Energy Trading Up 7.9%

The firm’s 50 day moving average is $16.09 and its 200 day moving average is $10.15. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 1.06. The company has a market cap of $3.30 billion, a PE ratio of -43.08 and a beta of 2.88.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings results on Monday, November 24th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10). Fluence Energy had a negative return on equity of 9.36% and a negative net margin of 2.17%.The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the company posted $0.34 EPS. The company’s revenue for the quarter was down 15.2% compared to the same quarter last year. Fluence Energy has set its FY 2026 guidance at EPS. On average, equities analysts anticipate that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

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.