Fluence Energy’s (FLNC) “Buy” Rating Reiterated at Guggenheim

Guggenheim restated their buy rating on shares of Fluence Energy (NASDAQ:FLNC) in a research report sent to investors on Friday,Benzinga reports. Guggenheim currently has a $26.00 price objective on the stock.

Other research analysts have also recently issued reports about the stock. Truist Financial upped their price objective on shares of Fluence Energy from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Bank of America decreased their price target on shares of Fluence Energy from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. BMO Capital Markets lifted their price objective on shares of Fluence Energy from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Robert W. Baird reduced their target price on Fluence Energy from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Finally, Piper Sandler lifted their price target on Fluence Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.85.

Fluence Energy Trading Up 0.5 %

Shares of Fluence Energy stock opened at $16.92 on Friday. The company’s 50-day moving average price is $20.62 and its 200-day moving average price is $19.62. Fluence Energy has a 12-month low of $12.74 and a 12-month high of $27.39. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 130.15, a PEG ratio of 0.57 and a beta of 2.39.

Fluence Energy (NASDAQ:FLNC) last posted its earnings results 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. The business had revenue of $1.23 billion for 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 revenue for the quarter was up 82.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 EPS. On average, sell-side analysts predict that Fluence Energy will post 0.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. PARK CIRCLE Co bought a new stake in shares of Fluence Energy in the 2nd quarter worth approximately $28,000. US Bancorp DE boosted its holdings in Fluence Energy by 676.6% in the third quarter. US Bancorp DE now owns 1,693 shares of the company’s stock valued at $38,000 after acquiring an additional 1,475 shares in the last quarter. CWM LLC increased its position in Fluence Energy by 164.4% during the 3rd quarter. CWM LLC now owns 2,842 shares of the company’s stock valued at $65,000 after purchasing an additional 1,767 shares during the period. GAMMA Investing LLC raised its holdings in Fluence Energy by 264.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,956 shares of the company’s stock worth $51,000 after purchasing an additional 2,146 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in shares of Fluence Energy in the 3rd quarter worth about $74,000. Hedge funds and other institutional investors 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.