Royal Bank Of Canada Issues Positive Forecast for Fluence Energy (NASDAQ:FLNC) Stock Price

Fluence Energy (NASDAQ:FLNC) had its target price raised by Royal Bank Of Canada from $9.00 to $10.00 in a report issued on Wednesday morning, Marketbeat reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

FLNC has been the subject of several other research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Fluence Energy in a report on Friday, October 31st. BNP Paribas set a $9.00 target price on Fluence Energy and gave the stock an “underperform” rating in a research report on Tuesday, October 21st. The Goldman Sachs Group boosted their price target on Fluence Energy from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday. Jefferies Financial Group upgraded shares of Fluence Energy from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $11.00 to $16.00 in a research note on Wednesday. Finally, Wall Street Zen raised shares of Fluence Energy from a “sell” rating to a “hold” rating in a report on Sunday, November 2nd. Four equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $11.39.

Fluence Energy Stock Up 13.2%

Shares of Fluence Energy stock opened at $18.99 on Wednesday. The company has a market cap of $3.47 billion, a price-to-earnings ratio of -45.21 and a beta of 2.88. The company’s 50 day moving average is $16.32 and its 200 day moving average is $10.22. Fluence Energy has a twelve month low of $3.46 and a twelve month high of $23.74. The company has a quick ratio of 1.06, a current ratio of 1.64 and a debt-to-equity ratio of 0.75.

Fluence Energy (NASDAQ:FLNC) last issued 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 company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Fluence Energy had a negative return on equity of 9.36% and a negative net margin of 2.17%.The company’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 EPS. Fluence Energy has set its FY 2026 guidance at EPS. Research analysts anticipate that Fluence Energy will post 0.08 EPS for the current year.

Institutional Trading of Fluence Energy

Several institutional investors and hedge funds have recently modified their holdings of FLNC. Parallel Advisors LLC purchased a new position in shares of Fluence Energy during the 2nd quarter valued at $30,000. Advisory Services Network LLC bought a new stake in Fluence Energy during the third quarter valued at about $48,000. Quantbot Technologies LP purchased a new position in shares of Fluence Energy in the third quarter valued at about $51,000. Ameritas Investment Partners Inc. boosted its stake in shares of Fluence Energy by 25.7% in the second quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company’s stock worth $52,000 after acquiring an additional 1,586 shares during the period. Finally, TFB Advisors LLC purchased a new stake in shares of Fluence Energy during the first quarter worth about $53,000. 53.16% of the stock is currently owned by institutional investors.

Fluence Energy Company Profile

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.