Fluence Energy, Inc. (NASDAQ:FLNC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Fluence Energy, Inc. (NASDAQ:FLNCGet Free Report) has been given an average rating of “Moderate Buy” by the twenty analysts that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $26.85.

A number of research analysts have weighed in on FLNC shares. BNP Paribas upgraded Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 price objective on the stock in a report on Friday, November 8th. Canaccord Genuity Group decreased their price target on shares of Fluence Energy from $37.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. Jefferies Financial Group assumed coverage on shares of Fluence Energy in a research report on Wednesday, September 4th. They set a “buy” rating and a $26.00 price target on the stock. Citigroup downgraded shares of Fluence Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $32.00 to $24.00 in a report on Tuesday, October 1st. Finally, Royal Bank of Canada lowered their target price on Fluence Energy from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th.

Get Our Latest Analysis on Fluence Energy

Institutional Investors Weigh In On Fluence Energy

Several institutional investors and hedge funds have recently modified their holdings of the company. Handelsbanken Fonder AB grew its position in Fluence Energy by 47.3% in 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 in the last quarter. FMR LLC boosted its stake in shares of 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. acquired a new position in shares of Fluence Energy in the second quarter valued at approximately $26,877,000. Geode Capital Management LLC increased its stake in 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 holdings in Fluence Energy by 1.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,500,841 shares of the company’s stock worth $26,025,000 after buying an additional 23,927 shares in the last quarter. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Fluence Energy Stock Up 9.5 %

Shares of NASDAQ FLNC opened at $18.52 on Tuesday. Fluence Energy has a 52-week low of $12.74 and a 52-week high of $27.39. The company’s 50-day simple moving average is $20.54 and its 200-day simple moving average is $19.61. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 142.46, a price-to-earnings-growth ratio of 0.55 and a beta of 2.39.

Fluence Energy (NASDAQ:FLNCGet Free Report) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.23 by $0.11. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. Fluence Energy had a return on equity of 4.10% and a net margin of 0.89%. Fluence Energy’s quarterly revenue was up 82.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 EPS. Equities research analysts anticipate that Fluence Energy will post 0.56 EPS for the current fiscal year.

About Fluence Energy

(Get Free Report

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.

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Analyst Recommendations for Fluence Energy (NASDAQ:FLNC)

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