Fluence Energy (NASDAQ:FLNC) Shares Gap Up – Here’s Why

Fluence Energy, Inc. (NASDAQ:FLNC) shares gapped up before the market opened on Tuesday . The stock had previously closed at $15.80, but opened at $18.15. Fluence Energy shares last traded at $16.8290, with a volume of 4,213,871 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FLNC shares. Bank of America boosted their price objective on shares of Fluence Energy from $11.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Royal Bank Of Canada lifted their price objective on Fluence Energy from $9.00 to $10.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Morgan Stanley boosted their target price on Fluence Energy from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday. The Goldman Sachs Group raised their price target on Fluence Energy from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, UBS Group boosted their price objective on shares of Fluence Energy from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Four research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $11.39.

Fluence Energy Price Performance

The firm has a 50-day simple moving average of $16.32 and a 200 day simple moving average of $10.22. The firm has a market cap of $3.47 billion, a PE ratio of -45.21 and a beta of 2.88. 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 (NASDAQ:FLNC) last issued its quarterly earnings results on Monday, November 24th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Fluence Energy had a negative net margin of 2.17% and a negative return on equity of 9.36%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business earned $0.34 earnings per share. The company’s revenue was down 15.2% on a year-over-year basis. Fluence Energy has set its FY 2026 guidance at EPS. As a group, equities analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Fluence Energy

Hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in shares of Fluence Energy during the third quarter valued at $48,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Fluence Energy during the third quarter valued at approximately $14,207,000. Dark Forest Capital Management LP bought a new stake in shares of Fluence Energy during the third quarter valued at approximately $723,000. PharVision Advisers LLC purchased a new position in Fluence Energy in the 3rd quarter worth approximately $377,000. Finally, FWL Investment Management LLC bought a new position in Fluence Energy in the 3rd quarter valued at approximately $219,000. 53.16% of the stock is owned by 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.