In today’s recent session, 1.21 million shares of the Fluence Energy Inc (NASDAQ:FLNC) have been traded, and its beta is 2.37. Most recently the company’s share price was $13.21, and it changed around $0.68 or 5.43% from the last close, which brings the market valuation of the company to $2.40B. FLNC at last check was trading at a discount to its 52-week high of $26.12, offering almost -97.73% off that amount. The share price’s 52-week low was $11.89, which indicates that the recent value has risen by an impressive 9.99% since then. We note from Fluence Energy Inc’s average daily trading volume that its 10-day average is 3.26 million shares, with the 3-month average coming to 3.36 million.
Fluence Energy Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.57. If we narrow it down even further, the data shows that 0 out of 25 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 7 recommended FLNC as a Hold, whereas 12 deemed it a Buy, and 0 rated it as Underweight. Fluence Energy Inc is expected to report earnings per share of -0.22 for the current quarter.
Fluence Energy Inc (NASDAQ:FLNC) trade information
Instantly FLNC has been showing a green trend so far today with a performance of 5.43% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 13.37 on recent trading dayincreased the stock’s daily price by 1.2%. The company’s shares are currently down -16.81% year-to-date, but still up 5.85% over the last five days. On the other hand, Fluence Energy Inc (NASDAQ:FLNC) is -22.70% down in the 30-day period. We can see from the shorts that 11.03 million shares have been sold at a short interest cover period of 7.81 day(s).
The consensus price target as assigned by Wall Street analysts is $25.5, which translates to bulls needing to increase their stock price by 48.2% from its current value. Analyst projections state that FLNC is forecast to be at a low of $24 and a high of $28.
Fluence Energy Inc (FLNC) estimates and forecasts
The year-over-year growth rate is expected to be 44.90%, up from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 373.52M in revenue for the current quarter. 14 analysts expect Fluence Energy Inc to make 467.51M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 363.96M and 623.14M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 2.63%. Forecasts for the next quarter put sales growth at -24.98%.
Fluence Energy Inc earnings are expected to increase by 351.52% in 2025, but the outlook is positive 124.92% per year for the next five years.
FLNC Dividends
Fluence Energy Inc’s next quarterly earnings report is expected to be released in March.
Fluence Energy Inc (NASDAQ:FLNC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 31.18% of Fluence Energy Inc shares, and 75.64% of them are in the hands of institutional investors. The stock currently has a share float of 109.92%. Fluence Energy Inc stock is held by 350.0 institutions, with SIEMENS AG being the largest institutional investor. By 2024-06-30, it held 31.3285% of the shares, which is about 39.74 million shares worth $689.06 million.
SIEMENS PENSION TRUST E V, with 9.2722% or 11.76 million shares worth $203.94 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 2.0 shares worth $26.6 million, making up 1.54% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 1.71 shares worth around $22.71 million, which represents about 1.31% of the total shares outstanding.
