Fluence Energy (FLNC) Projected to Post Earnings on Wednesday

Fluence Energy (NASDAQ:FLNC) is projected to release its earnings data before the market opens on Wednesday, February 5th. Analysts expect Fluence Energy to post earnings of ($0.12) per share for the quarter. Fluence Energy has set its FY 2025 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Monday, November 25th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.11. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates 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 business earned $0.02 earnings per share. On average, analysts expect Fluence Energy to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Fluence Energy Stock Down 4.1 %

Shares of FLNC stock opened at $12.48 on Tuesday. The stock has a market cap of $2.26 billion, a PE ratio of 96.00, a price-to-earnings-growth ratio of 0.51 and a beta of 2.37. Fluence Energy has a 52-week low of $12.43 and a 52-week high of $26.12. The business has a 50-day simple moving average of $16.08 and a 200-day simple moving average of $18.34.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FLNC. Bank of America dropped their price target on Fluence Energy from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Baird R W downgraded Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Royal Bank of Canada lowered their target price on Fluence Energy from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. BNP Paribas upgraded shares of Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 price target on the stock in a research note on Friday, November 8th. Finally, Guggenheim reissued a “buy” rating and issued a $26.00 price objective on shares of Fluence Energy in a research note on Friday, December 6th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $25.60.

Insider Transactions at Fluence Energy

In other Fluence Energy news, Director Herman E. Bulls purchased 10,000 shares of Fluence Energy stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $15.57 per share, with a total value of $155,700.00. Following the acquisition, the director now directly owns 75,861 shares of the company’s stock, valued at $1,181,155.77. This represents a 15.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.65% of the company’s stock.

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.