Fluence Energy (FLNC) to Release Quarterly Earnings on Monday

Fluence Energy (NASDAQ:FLNC) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, November 25th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Fluence Energy Trading Up 8.7 %

Shares of FLNC stock opened at $23.02 on Friday. Fluence Energy has a 12-month low of $12.74 and a 12-month high of $27.80. The business’s fifty day simple moving average is $21.29 and its 200-day simple moving average is $19.62. The company has a market cap of $4.15 billion, a PE ratio of -121.15, a PEG ratio of 0.71 and a beta of 2.54.

Analyst Upgrades and Downgrades

Several analysts have commented on FLNC shares. Citigroup cut shares of Fluence Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $32.00 to $24.00 in a research note on Tuesday, October 1st. Bank of America lowered their target price on Fluence Energy from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Piper Sandler upped their price objective on Fluence Energy from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group initiated coverage on Fluence Energy in a research report on Wednesday, September 4th. They set a “buy” rating and a $26.00 target price on the stock. Finally, Royal Bank of Canada upgraded Fluence Energy to a “moderate buy” rating in a research report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Fluence Energy has a consensus rating of “Moderate Buy” and a consensus target price of $26.63.

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.