Guggenheim Reaffirms Buy Rating for Fluence Energy (FLNC)

Guggenheim has reiterated its buy rating on Fluence Energy (NASDAQ: FLNC) in a research report released to investors. The firm has set a price target of $26.00 for the stock.

In addition to Guggenheim's assessment, several other research analysts have recently published reports on Fluence Energy. Truist Financial raised its price target for Fluence Energy from $25.00 to $28.00, maintaining a "buy" rating in its report dated October 16. On the other hand, Bank of America lowered its price target from $25.00 to $24.00 while keeping a "buy" rating on the stock in a report released on November 7. Furthermore, BMO Capital Markets increased its price objective from $24.00 to $25.00 and issued an "outperform" rating on October 14. Meanwhile, Robert W. Baird decreased their target price from $27.00 to $24.00 while still rating it as an "outperform" in a note released on November 27. Finally, Piper Sandler raised its target from $18.00 to $20.00 and assigned a "neutral" rating also on November 27.

Overall, there are five analysts who recommend holding the stock, while fifteen have assigned it a buy rating. According to MarketBeat.com, Fluence Energy currently holds a consensus rating of "Moderate Buy" with an average price target of $26.85.

Fluence Energy Stock Performance

On the trading day following the Guggenheim report, Fluence Energy shares opened at $16.92. The company is seeing a 50-day moving average price of $20.62 and a 200-day moving average of $19.62. Over the last year, the stock has touched a low of $12.74 and a high of $27.39. Fluence Energy's market capitalization stands at approximately $3.06 billion, with a price-to-earnings ratio of 130.15, a PEG ratio of 0.57, and a beta of 2.39.

Recent Earnings Report

Fluence Energy announced its latest earnings results on November 25. The company reported earnings of $0.34 per share, beating the consensus estimate of $0.23 by $0.11. The revenue for the quarter reached $1.23 billion, slightly below expectations of $1.28 billion. The company achieved an impressive 82.5% increase in revenue compared to the same quarter the previous year. In the prior year’s quarter, Fluence reported earnings of $0.02 per share. Analysts predict that Fluence Energy will achieve an average earnings per share of $0.54 for the current year.

Institutional Investor Activities

Recent trading activity has seen several hedge funds making significant changes in their holdings of Fluence Energy shares. For example, PARK CIRCLE Co established a new stake in the company during the second quarter, worth about $28,000. US Bancorp DE boosted its holdings by 676.6% in the third quarter, acquiring 1,693 shares valued at approximately $38,000. CWM LLC increased its position by 164.4% in the same quarter, now owning 2,842 shares worth $65,000. Other noteworthy transactions include GAMMA Investing LLC, which raised its holding by 264.9%, and Point72 DIFC Ltd, which made a new purchase valued at around $74,000. As it stands, institutional and hedge fund investors control approximately 53.16% of Fluence Energy’s shares.

About Fluence Energy

Fluence Energy, Inc. specializes in offering a broad range of energy storage solutions, products, and services powered by artificial intelligence. The company operates across multiple regions, including the Americas, Asia Pacific, Europe, the Middle East, and Africa, providing integrated hardware, software, and digital solutions for energy storage applications.

Fluence, Energy, Stock