Fluence Energy (NASDAQ:FLNC) Issues Earnings Results

Fluence Energy (NASDAQ:FLNC) posted its earnings results on Wednesday. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.16), FiscalAI reports. The company had revenue of $475.23 million for the quarter, compared to analyst estimates of $444.23 million. Fluence Energy had a negative return on equity of 9.21% and a negative net margin of 2.14%.Fluence Energy’s quarterly revenue was up 154.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.32) earnings per share.

Fluence Energy Stock Performance

NASDAQ:FLNC traded down $5.16 during mid-day trading on Thursday, hitting $23.83. 3,344,164 shares of the stock were exchanged, compared to its average volume of 5,475,354. The firm’s 50-day simple moving average is $23.45 and its 200 day simple moving average is $16.28. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of -56.23 and a beta of 2.90. Fluence Energy has a fifty-two week low of $3.46 and a fifty-two week high of $33.51. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.17 and a current ratio of 1.51.

Institutional Investors Weigh In On Fluence Energy

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in shares of Fluence Energy during the 3rd quarter worth approximately $48,000. Quantbot Technologies LP acquired a new position in Fluence Energy during the third quarter valued at approximately $51,000. Quarry LP lifted its stake in Fluence Energy by 4,371.4% during the third quarter. Quarry LP now owns 5,947 shares of the company’s stock worth $64,000 after purchasing an additional 5,814 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Fluence Energy by 68.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,454 shares of the company’s stock valued at $84,000 after purchasing an additional 5,050 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Fluence Energy in the 1st quarter valued at $93,000. 53.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FLNC shares. JPMorgan Chase & Co. increased their price objective on shares of Fluence Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Citigroup increased their target price on Fluence Energy from $7.50 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Royal Bank Of Canada restated a “sector perform” rating and issued a $12.00 price target on shares of Fluence Energy in a report on Tuesday, January 20th. Canaccord Genuity Group increased their price objective on Fluence Energy from $10.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Finally, Wall Street Zen upgraded Fluence Energy from a “sell” rating to a “hold” rating in a research note on Sunday, November 2nd. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, Fluence Energy has a consensus rating of “Reduce” and an average target price of $15.91.

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.