Fluence Energy, Inc. (NASDAQ:FLNC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have been given a consensus recommendation of “Moderate Buy” by the twenty brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $26.85.

FLNC has been the topic of several recent research reports. Piper Sandler lifted their price target on Fluence Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Royal Bank of Canada dropped their target price on Fluence Energy from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. BNP Paribas raised Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 price target for the company in a research report on Friday, November 8th. BMO Capital Markets lifted their price objective on shares of Fluence Energy from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Canaccord Genuity Group cut their price objective on shares of Fluence Energy from $37.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, November 29th.

Fluence Energy Stock Performance

Shares of FLNC opened at $16.92 on Tuesday. The firm has a market capitalization of $3.06 billion, a PE ratio of 130.15, a P/E/G ratio of 0.57 and a beta of 2.39. The stock has a 50 day simple moving average of $20.62 and a 200 day simple moving average of $19.62. Fluence Energy has a 52-week low of $12.74 and a 52-week high of $27.39.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings results on Monday, November 25th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.11. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Fluence Energy had a net margin of 0.89% and a return on equity of 4.10%. The business’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.02 earnings per share. Equities research analysts predict that Fluence Energy will post 0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. PARK CIRCLE Co bought a new position in Fluence Energy during the second quarter worth $28,000. US Bancorp DE lifted its stake in shares of Fluence Energy by 676.6% during the 3rd quarter. US Bancorp DE now owns 1,693 shares of the company’s stock worth $38,000 after buying an additional 1,475 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Fluence Energy by 264.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,956 shares of the company’s stock worth $51,000 after buying an additional 2,146 shares during the period. Blue Trust Inc. acquired a new position in Fluence Energy in the 2nd quarter valued at about $58,000. Finally, CWM LLC raised its holdings in Fluence Energy by 164.4% in the 3rd quarter. CWM LLC now owns 2,842 shares of the company’s stock valued at $65,000 after acquiring an additional 1,767 shares during the period. 53.16% of the stock is owned by institutional investors and hedge funds.

About Fluence Energy

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.