Fluence Energy (FLNC) to Release Quarterly Earnings on Wednesday

Fluence Energy (NASDAQ:FLNC) will issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter. Fluence Energy has set its FY 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings results on Wednesday, February 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). Fluence Energy had a negative net margin of 2.72% and a negative return on equity of 11.18%. The firm had revenue of $363.96 million for the quarter, compared to analyst estimates of $403.93 million. During the same period in the previous year, the business posted ($0.21) earnings per share. Fluence Energy’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, analysts expect Fluence Energy to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Fluence Energy Price Performance

Shares of FLNC stock opened at $21.15 on Tuesday. The company’s fifty day moving average price is $16.20 and its two-hundred day moving average price is $19.12. The firm has a market capitalization of $3.78 billion, a P/E ratio of -39.91 and a beta of 2.48. Fluence Energy has a 12 month low of $13.03 and a 12 month high of $31.32.

Wall Street Analyst Weigh In

Several research analysts recently commented on FLNC shares. Raymond James upgraded Fluence Energy from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. raised shares of Fluence Energy from a “neutral” rating to an “overweight” rating and set a $23.00 price target on the stock in a report on Friday, February 23rd. Piper Sandler reduced their price objective on shares of Fluence Energy from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. Susquehanna raised shares of Fluence Energy from a “neutral” rating to a “positive” rating and set a $24.00 target price for the company in a research report on Monday, February 26th. Finally, BMO Capital Markets raised Fluence Energy from a “market perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.56.

About Fluence Energy

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.