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

20.26

Mkt cap

2.6B

Volume

1.7M

High

20.70

P/E Ratio

-121.59

52-wk high

27.80

Low

19.38

Div yield

N/A

52-wk low

12.74

RBC Capital analyst Shelby Tucker has maintained an Outperform rating on Fluence Energy (NASDAQ:FLNC) and increased the price target from $32 to $33.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 4:48 pm

Morgan Stanley has maintained its Equal-Weight rating on Fluence Energy (NASDAQ:FLNC) and increased its price target from $27.00 to $32.00. Fluence Energy's shares are currently trading at $22.00, and the new price target suggests a potential upside of 45.45%. Fluence Energy specializes in energy storage products and services, with a significant portion of its revenue coming from the Americas.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:00 pm

Morgan Stanley analyst Stephen Trent has maintained an Equal-Weight rating on Fluence Energy (NASDAQ:FLNC) and increased the price target from $27 to $32.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 1:20 pm

Fluence Energy Inc (NASDAQ:FLNC) shares are trading lower following the announcement of a secondary offering of 18 million shares by existing controlling stockholders. The company will not sell any shares nor receive proceeds from the offering. J.P. Morgan Securities LLC, Barclays Capital Inc., and Morgan Stanley are managing the offering.

Portfolio Pulse from Henry Khederian

December 07, 2023 | 9:14 pm

AeroVironment, Inc. (NASDAQ:AVAV) shares fell over 9% despite reporting Q2 earnings and revenue that beat estimates. The company's adjusted earnings were 97 cents per share, surpassing the expected 62 cents, with revenue at $180.8 million against the forecasted $170.908 million. Other stocks experienced significant movements in Wednesday's mid-day session, with notable gainers including Sera Prognostics, Inc. (NASDAQ:SERA) and MicroAlgo Inc. (NASDAQ:MLGO), and losers such as NeuroSense Therapeutics Ltd. (NASDAQ:NRSN) and ImmunoPrecise Antibodies Ltd. (NASDAQ:IPA).

Portfolio Pulse from Lisa Levin

December 06, 2023 | 7:43 pm

Fluence Energy Inc (NASDAQ:FLNC) stock dropped 13.4% to $22.30 after the announcement of a secondary offering of 18 million shares by its controlling stockholders. The offering does not involve new shares from Fluence or proceeds to the company. J.P. Morgan Securities LLC, Barclays Capital Inc., and Morgan Stanley are managing the offering.

Portfolio Pulse from Henry Khederian

December 06, 2023 | 6:54 pm

During Wednesday's intraday session, several industrial stocks experienced significant movements. Mobile Infrastructure (BEEP) saw a 28.4% increase, while Mesa Air Gr (MESA) rose by 24.69%. Innovate (VATE) increased by 20.08%, Tritium DCFC (DCFC) by 17.48%, Jayud Global Logistics (JYD) by 11.37%, and Virgin Galactic Hldgs (SPCE) by 10.47%. Conversely, ATIF Holdings (ATIF) dropped by 15.5%, ESGL Holdings (ESGL) by 15.04%, Fluence Energy (FLNC) by 12.94%, Primech Holdings (PMEC) by 12.45%, Staffing 360 Solutions (STAF) by 12.22%, and Nxu (NXU) by 10.59%.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:31 pm

Fluence's stock price has dropped following the announcement of a secondary offering of Class A common stock by its existing controlling stockholders. This offering indicates that these stockholders are looking to sell shares, which can often lead to dilution of existing shares or suggest that insiders see the stock as fully valued or overvalued.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 1:12 pm

In Wednesday's pre-market session, several industrial stocks experienced significant movements. Ault Alliance (AULT) saw a 26.1% increase, while ShiftPixy (PIXY) rose by 9.09%. Babcock & Wilcox (BW) and Tigo Energy (TYGO) also saw gains of 8.49% and 6.95%, respectively. On the downside, Nxu (NXU) dropped by 12.9%, iSun (ISUN) by 10.82%, and Fluence Energy (FLNC) by 10.69%. Other notable decliners included Multi Ways Holdings (MWG), noco-noco (NCNC), and Himalaya Shipping (HSHP).

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 1:06 pm

In Tuesday's after-market session, several industrial stocks experienced movement. Safe & Green Holdings (SGBX) led the gainers with a 9.8% increase, while Staffing 360 Solutions (STAF) saw the largest decline among the losers, dropping 15.2%. Other notable gainers included Nauticus Robotics (KITT), JanOne (JAN), Electriq Power Holdings (ELIQ), Nuburu (BURU), and AERWINS Technologies (AWIN). On the losing side, Fluence Energy (FLNC), NN (NNBR), iSun (ISUN), Tritium DCFC (DCFC), and TuSimple Hldgs (TSP) also saw their stock prices fall.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 9:31 pm

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