Fluence Energy (NASDAQ:FLNC) Reaches New 12-Month High – Still a Buy?

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) reached a new 52-week high on Thursday . The company traded as high as $28.04 and last traded at $26.8220, with a volume of 1326779 shares trading hands. The stock had previously closed at $26.34.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Morgan Stanley boosted their price objective on Fluence Energy from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. Canaccord Genuity Group upped their price target on shares of Fluence Energy from $10.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Jefferies Financial Group upgraded shares of Fluence Energy from an “underperform” rating to a “hold” rating and raised their price objective for the company from $11.00 to $16.00 in a research report on Wednesday, November 26th. Johnson Rice reaffirmed a “hold” rating and issued a $18.00 target price on shares of Fluence Energy in a research note on Monday, December 8th. Finally, The Goldman Sachs Group upped their target price on shares of Fluence Energy from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $14.62.

Fluence Energy Trading Up 3.1%

The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of -64.89 and a beta of 2.88. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.17 and a current ratio of 1.51. The business’s 50-day simple moving average is $20.90 and its 200-day simple moving average is $14.80.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Monday, November 24th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.10). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.39 billion. Fluence Energy had a negative return on equity of 9.21% and a negative net margin of 2.14%.The firm’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 EPS. On average, research analysts expect that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FLNC. Parallel Advisors LLC bought a new position in shares of Fluence Energy in the 2nd quarter worth $30,000. GAMMA Investing LLC lifted its stake in Fluence Energy by 22.2% in the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after buying an additional 437 shares during the period. Advisory Services Network LLC acquired a new position in Fluence Energy in the third quarter valued at about $48,000. Quantbot Technologies LP acquired a new position in shares of Fluence Energy during the 3rd quarter worth about $51,000. Finally, Ameritas Investment Partners Inc. grew its position in shares of Fluence Energy by 25.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company’s stock worth $52,000 after buying an additional 1,586 shares during the period. Institutional investors and hedge funds own 53.16% of the company’s stock.

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.