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Fluence Energy (NASDAQ:FLNC – Get Free Report) had its price target boosted by equities researchers at JPMorgan Chase & Co. from $8.00 to $9.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 3.85% from the company’s previous close.
A number of other analysts have also issued reports on the stock. Mizuho reissued a “neutral” rating and issued a $10.00 price target (up from $6.00) on shares of Fluence Energy in a research report on Monday, July 14th. Seaport Res Ptn lowered shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 22nd. Hsbc Global Res lowered shares of Fluence Energy from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, August 13th. Royal Bank Of Canada cut their price objective on shares of Fluence Energy from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 13th. Finally, UBS Group raised their price objective 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. Four equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $8.13.
Check Out Our Latest Stock Report on FLNC
Fluence Energy Stock Up 18.2%
Fluence Energy stock opened at $9.36 on Friday. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -44.57 and a beta of 2.66. The company has a current ratio of 1.64, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The company’s 50-day moving average price is $7.99 and its two-hundred day moving average price is $6.15. Fluence Energy has a 52 week low of $3.46 and a 52 week high of $24.00.
Fluence Energy (NASDAQ:FLNC – Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. The company had revenue of $602.53 million during the quarter, compared to analyst estimates of $738.52 million. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. Fluence Energy has set its FY 2025 guidance at EPS. On average, analysts expect that Fluence Energy will post 0.08 EPS for the current fiscal year.
Hedge Funds Weigh In On Fluence Energy
Large investors have recently bought and sold shares of the company. Parallel Advisors LLC bought a new stake in shares of Fluence Energy during the 2nd quarter worth approximately $30,000. SBI Securities Co. Ltd. grew its holdings in shares of Fluence Energy by 462.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 8,085 shares of the company’s stock worth $39,000 after purchasing an additional 6,648 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in Fluence Energy by 25.7% in the second quarter. Ameritas Investment Partners Inc. now owns 7,753 shares of the company’s stock valued at $52,000 after buying an additional 1,586 shares in the last quarter. TFB Advisors LLC acquired a new stake in Fluence Energy in the first quarter valued at about $53,000. Finally, Voleon Capital Management LP bought a new position in Fluence Energy in the first quarter valued at about $55,000. Institutional investors and hedge funds 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.
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