Fluence Energy (NASDAQ:FLNC) Trading Up 8.8% – Time to Buy?

Fluence Energy, Inc. (NASDAQ:FLNC) traded up 8.8% on Wednesday . The stock traded as high as $16.25 and last traded at $16.24. 740,567 shares traded hands during trading, a decline of 88% from the average session volume of 6,108,747 shares. The stock had previously closed at $14.92.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. UBS Group reaffirmed a “neutral” rating on shares of Fluence Energy in a report on Thursday, January 15th. Barclays lifted their price target on Fluence Energy from $15.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Roth Mkm reiterated a “neutral” rating and set a $26.00 price target on shares of Fluence Energy in a research report on Wednesday, January 28th. Johnson Rice restated a “hold” rating and issued a $18.00 price objective on shares of Fluence Energy in a research report on Monday, December 8th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Fluence Energy in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Fluence Energy has a consensus rating of “Hold” and a consensus price target of $16.25.

Fluence Energy Stock Up 3.8%

The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.08. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of -35.18 and a beta of 2.99. The firm has a 50 day simple moving average of $21.91 and a two-hundred day simple moving average of $17.49.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings results on Wednesday, February 4th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.16). The firm had revenue of $475.23 million during the quarter, compared to analyst estimates of $444.23 million. Fluence Energy had a negative net margin of 2.04% and a negative return on equity of 10.10%. The business’s revenue was up 154.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.32) earnings per share. As a group, sell-side analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Curio Wealth LLC bought a new stake in shares of Fluence Energy in the fourth quarter worth about $31,000. State of Wyoming acquired a new position in shares of Fluence Energy in the 4th quarter valued at approximately $36,000. GAMMA Investing LLC increased its stake in Fluence Energy by 22.2% during the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after purchasing an additional 437 shares in the last quarter. Sankala Group LLC acquired a new stake in Fluence Energy during the 4th quarter worth approximately $51,000. Finally, Farther Finance Advisors LLC lifted its stake in Fluence Energy by 442.9% in the fourth quarter. Farther Finance Advisors LLC now owns 3,377 shares of the company’s stock valued at $67,000 after buying an additional 2,755 shares in the last quarter. 53.16% of the stock is currently owned by institutional investors.

Fluence Energy Company Profile

Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.

The company’s core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.