Investment Analysts’ Weekly Ratings Updates for Fluence Energy (FLNC)

Several brokerages have updated their recommendations and price targets on shares of Fluence Energy (NASDAQ: FLNC) in the last few weeks:

• 12/6/2024 – Fluence Energy had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $26.00 price target on the stock.
• 11/29/2024 – Fluence Energy had its price target lowered by analysts at Canaccord Genuity Group Inc. from $37.00 to $34.00. They now have a “buy” rating on the stock.
• 11/27/2024 – Fluence Energy had its price target lowered by analysts at Royal Bank of Canada from $28.00 to $27.00. They now have an “outperform” rating on the stock.
• 11/27/2024 – Fluence Energy had its price target lowered by analysts at Robert W. Baird from $27.00 to $24.00. They now have an “outperform” rating on the stock.
• 11/27/2024 – Fluence Energy had its price target raised by analysts at Piper Sandler from $18.00 to $20.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Fluence Energy was upgraded by analysts at BNP Paribas from an “underperform” rating to a “neutral” rating. They now have a $22.00 price target on the stock.
• 11/7/2024 – Fluence Energy had its price target lowered by analysts at Bank of America Co. from $25.00 to $24.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Fluence Energy had its price target raised by analysts at Piper Sandler from $16.00 to $18.00. They now have a “neutral” rating on the stock.
• 10/16/2024 – Fluence Energy had its price target raised by analysts at Susquehanna from $23.00 to $28.00. They now have a “positive” rating on the stock.
• 10/16/2024 – Fluence Energy had its price target raised by analysts at Truist Financial Co. from $25.00 to $28.00. They now have a “buy” rating on the stock.
• 10/14/2024 – Fluence Energy had its price target raised by analysts at BMO Capital Markets from $24.00 to $25.00. They now have an “outperform” rating on the stock.

Fluence Energy Price Performance

Fluence Energy stock traded down $2.10 during mid-day trading on Tuesday, reaching $16.42. 11,603,933 shares of the company traded hands, compared to its average volume of 2,295,714. Fluence Energy, Inc. has a fifty-two week low of $12.74 and a fifty-two week high of $27.39. The firm’s fifty day moving average is $20.44 and its two-hundred day moving average is $19.56. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 126.31, a price-to-earnings-growth ratio of 0.55 and a beta of 2.39.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Monday, November 25th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.11. Fluence Energy had a return on equity of 4.10% and a net margin of 0.89%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the business posted $0.02 earnings per share. The company’s revenue for the quarter was up 82.5% compared to the same quarter last year. As a group, equities research analysts predict that Fluence Energy, Inc. will post 0.56 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB grew its position in shares of Fluence Energy by 47.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 6,376,024 shares of the company’s stock valued at $144,800,000 after acquiring an additional 2,047,063 shares during the period. FMR LLC grew its holdings in Fluence Energy by 9.0% in the third quarter. FMR LLC now owns 1,606,100 shares of the company’s stock valued at $36,475,000 after purchasing an additional 132,868 shares during the period. Lazard Freres Gestion S.A.S. purchased a new stake in shares of Fluence Energy in the second quarter valued at approximately $26,877,000. Geode Capital Management LLC raised its stake in shares of Fluence Energy by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,508,003 shares of the company’s stock worth $34,253,000 after buying an additional 60,633 shares during the period. Finally, Clearbridge Investments LLC lifted its position in shares of Fluence Energy by 1.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,500,841 shares of the company’s stock valued at $26,025,000 after buying an additional 23,927 shares in the last quarter. 53.16% of the stock is currently owned by hedge funds and other institutional investors.

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.