Streetbeat News

FLNC

Fluence Energy, Inc.

Industry

Renewable Utilities

Fluence Energy, Inc. provides energy storage products and services, and artificial intelligence enabled digital applications for renewables and storage applications worldwide. The company sells energy storage products with integrated hardware, software, and digital intelligence, as well as engineering and delivery services to support the deployment of its storage products; operational and maintenance, and energy storage-as-a-service; and digital applications and solutions. Its energy storage products include Gridstack, a grid-scale industrial strength energy storage product; Sunstack for optimizing solar capture and delivery; and Edgestack, a commercial energy storage product that discharges when needed to flatten a facility's energy load profile. The company serves utilities, developers, and commercial and industrial customers. Fluence Energy, Inc. was founded in 2018 and is headquartered in Arlington, Virginia. Fluence Energy, Inc. is a joint venture of Siemens Aktiengesellschaft and The AES Corporation.

Open

19.08

Mkt cap

3.5B

Volume

2.4M

High

19.67

P/E Ratio

-115.53

52-wk high

27.80

Low

18.80

Div yield

N/A

52-wk low

12.74

Over the past 3 months, 9 Wall Street analysts have provided ratings for Fluence Energy (NASDAQ:FLNC), with an average price target of $28.78, which is above the current price of $26.37. The ratings include 2 bullish, 2 somewhat bullish, 4 indifferent, and 1 somewhat bearish. The current average price target represents a slight decrease of 0.28% from the previous target of $28.86.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 5:00 pm

BMO Capital analyst Ameet Thakkar has maintained a 'Market Perform' rating on Fluence Energy (NASDAQ:FLNC) and increased the price target from $24 to $27.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 4:44 pm

U.S. stocks traded higher, with the Dow Jones gaining over 100 points. Hormel Foods Corp reported Q4 sales decline and missed earnings estimates, projecting lower FY24 EPS than expected. Vivos Therapeutics received FDA clearance, causing shares to surge. Rover Group will be acquired by Blackstone. Fluence Energy reported strong Q4 results and provided FY24 guidance. BioVie, Seelos Therapeutics, and Farfetch saw significant share price drops due to negative news. The U.S. economy grew more than expected in Q3, and corporate profits jumped.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 7:20 pm

Patterson Companies, Inc. (PDCO) shares fell by 14% after reporting Q2 earnings of $0.50 per share, missing estimates of $0.58 per share, and lowering FY24 adjusted EPS guidance below expectations. The company's sales were $1.65 billion, below the expected $1.70 billion. Other stocks moved in the mid-day session with various companies experiencing significant gains or losses due to various factors such as FDA clearances, earnings reports, acquisition announcements, and public offerings.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 7:02 pm

During Wednesday's intraday session, several industrial stocks experienced significant movements. Fusion Fuel Green (HTOO) saw a 32.0% increase, while Fluence Energy (FLNC) rose by 22.66% following their Q4 earnings release. Other gainers included Jayud Global Logistics (JYD), Ault Alliance (AULT), Microvast Holdings (MVST), and BioNexus Gene Lab (BGLC). Conversely, View (VIEW) and Northann (NCL) were among the notable losers, with declines of 18.8% and 14.83%, respectively. ESGL Holdings (ESGL), Captivision (CAPT), KULR Tech Gr (KULR), and NET Power (NPWR) also saw their stock prices fall.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 5:31 pm

U.S. stocks traded higher, with the Dow Jones, NASDAQ, and S&P 500 all seeing gains. Real estate shares led the market, while communication services lagged. Crude oil inventories rose less than in the previous period, contrary to market expectations of a decline. Vivos Therapeutics' shares surged after FDA clearance for its sleep apnea treatment. Rover Group's stock spiked following the announcement of its acquisition by Blackstone. Fluence Energy's shares increased after reporting Q4 results and FY24 revenue guidance. BioVie, Seelos Therapeutics, and Farfetch saw significant share price drops due to negative trial results, a public offering, and a delay in financial results, respectively.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 5:05 pm

Fluence Energy's stock is trading higher following the release of their Q4 financial results and the announcement of their revenue guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:20 pm

Workday, Inc. (NASDAQ:WDAY) shares increased by approximately 9% in pre-market trading following the company's release of third-quarter earnings that exceeded expectations. Workday reported earnings of $1.56 per share, surpassing the estimated $1.41 per share, and revenue of $1.87 billion, which was higher than the forecasted $1.848 billion. The company expects fourth-quarter subscription revenue of $6.598 billion and adjusted operating margins of 23.8%. Piper Sandler maintained an Overweight rating on Workday and increased the price target from $275 to $300. The article also lists other stocks that moved in pre-market trading, with some experiencing significant gains and others facing declines.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 1:11 pm

In Wednesday's pre-market session, several industrial stocks showed significant movement. Fluence Energy's (FLNC) shares surged 14.9% after Q4 earnings release, while Mynaric (MYNA), Tigo Energy (TYGO), Vertical Aerospace (EVTL), Perma-Fix Environmental Services (PESI), and Microvast Holdings (MVST) also saw gains. Conversely, Northann (NCL), Micromobility com (MCOM), View (VIEW), CBAK Energy Tech (CBAT), ESGL Holdings (ESGL), and NeoVolta (NEOV) experienced declines.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 1:06 pm

Fluence Energy reported a Q4 EPS of $0.02 and sales of $672.98M, which is an increase from $441.98M in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 10:25 pm

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