Fluence Energy (NASDAQ:FLNC) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Fluence Energy (NASDAQ:FLNC) had its price objective increased by equities research analysts at The Goldman Sachs Group from $10.00 to $15.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 0.67% from the company’s previous close.

FLNC has been the subject of several other research reports. Seaport Res Ptn cut shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. UBS Group boosted their price target 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. BMO Capital Markets set a $5.00 price objective on Fluence Energy and gave the stock a “market perform” rating in a research report on Wednesday, June 25th. HSBC cut Fluence Energy from a “hold” rating to a “reduce” rating and set a $5.00 target price for the company. in a research report on Wednesday, August 13th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a $6.00 price target on shares of Fluence Energy in a research report on Friday, July 11th. Four analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Fluence Energy has a consensus rating of “Hold” and an average target price of $8.98.

Fluence Energy Price Performance

Fluence Energy stock opened at $14.90 on Wednesday. The firm has a market capitalization of $2.72 billion, a P/E ratio of -70.95 and a beta of 2.76. Fluence Energy has a one year low of $3.46 and a one year high of $24.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 1.06. The business has a fifty day moving average price of $9.06 and a 200-day moving average price of $6.85.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $602.53 million for the quarter, compared to analysts’ expectations of $738.52 million. Fluence Energy had a negative return on equity of 3.42% and a negative net margin of 0.76%.The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. Fluence Energy has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Fluence Energy will post 0.08 EPS for the current year.

Institutional Trading of Fluence Energy

A number of hedge funds have recently bought and sold shares of the company. CenterBook Partners LP bought a new position in Fluence Energy during the first quarter valued at approximately $12,458,000. Goldman Sachs Group Inc. grew its holdings in shares of Fluence Energy by 189.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after purchasing an additional 2,076,668 shares during the last quarter. SG Americas Securities LLC raised its position in Fluence Energy by 1,794.8% in the 2nd quarter. SG Americas Securities LLC now owns 1,868,711 shares of the company’s stock worth $12,539,000 after purchasing an additional 1,770,090 shares during the period. Edgestream Partners L.P. bought a new stake in Fluence Energy in the first quarter worth $4,180,000. Finally, AQR Capital Management LLC lifted its stake in Fluence Energy by 1,441.8% in the first quarter. AQR Capital Management LLC now owns 900,674 shares of the company’s stock worth $4,368,000 after purchasing an additional 842,257 shares during the last quarter. Institutional investors own 53.16% of the company’s stock.

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.