Fluence Energy (NASDAQ:FLNC) Hits New 52-Week High – Here’s Why

Fluence Energy, Inc. (NASDAQ:FLNC)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $30.54 and last traded at $28.44, with a volume of 5889468 shares. The stock had previously closed at $27.12.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FLNC shares. Jefferies Financial Group raised shares of Fluence Energy from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $11.00 to $16.00 in a research report on Wednesday, November 26th. Wall Street Zen upgraded shares of Fluence Energy from a “sell” rating to a “hold” rating in a research note on Sunday, November 2nd. Royal Bank Of Canada restated a “sector perform” rating and set a $12.00 price objective on shares of Fluence Energy in a report on Tuesday, January 20th. BNP Paribas Exane upgraded shares of Fluence Energy to a “strong sell” rating in a report on Tuesday, October 21st. Finally, Canaccord Genuity Group boosted their target price on shares of Fluence Energy from $10.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $15.14.

Fluence Energy Price Performance

The company has a market capitalization of $5.77 billion, a P/E ratio of -75.17 and a beta of 2.88. The business’s 50-day moving average is $22.33 and its two-hundred day moving average is $15.61. The company has a quick ratio of 1.17, a current ratio of 1.51 and a debt-to-equity ratio of 0.71.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings data on Monday, November 24th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.10). Fluence Energy had a negative net margin of 2.14% and a negative return on equity of 9.21%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business posted $0.34 EPS. The company’s quarterly revenue was down 15.2% on a year-over-year basis. As a group, analysts predict that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Fluence Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC grew its position in Fluence Energy by 1,441.8% during the first quarter. AQR Capital Management LLC now owns 900,674 shares of the company’s stock valued at $4,368,000 after buying an additional 842,257 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Fluence Energy during the 1st quarter valued at approximately $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Fluence Energy by 2.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company’s stock worth $575,000 after purchasing an additional 3,364 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Fluence Energy by 189.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after purchasing an additional 2,076,668 shares during the period. Finally, Strs Ohio purchased a new position in Fluence Energy in the first quarter valued at approximately $93,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

About Fluence Energy

Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.

The company’s core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.