Fluence Energy (NASDAQ:FLNC) Shares Gap Up to $25.82

Fluence Energy Inc (NASDAQ:FLNC)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $25.82, but opened at $27.19. Fluence Energy shares last traded at $27.18, with a volume of 4,174 shares traded.

FLNC has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Fluence Energy in a research report on Monday, November 29th. They set a “buy” rating and a $52.00 target price on the stock. Raymond James assumed coverage on Fluence Energy in a research report on Monday, November 22nd. They set a “market perform” rating on the stock. Credit Suisse Group assumed coverage on Fluence Energy in a research report on Monday, November 22nd. They set an “outperform” rating and a $50.00 price target on the stock. UBS Group assumed coverage on Fluence Energy in a research report on Monday, November 22nd. They set a “buy” rating and a $47.00 price target on the stock. Finally, Citigroup assumed coverage on Fluence Energy in a research report on Monday, November 22nd. They set a “buy” rating and a $47.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $45.93.

The business’s fifty day moving average is $32.85.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings results on Tuesday, December 7th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.11. The firm had revenue of $163.70 million during the quarter, compared to analyst estimates of $184.60 million. The firm’s revenue for the quarter was down 27.1% on a year-over-year basis. As a group, equities analysts predict that Fluence Energy Inc will post -0.81 EPS for the current year.

Fluence Energy Company Profile (NASDAQ:FLNC)

Fluence Energy Inc is a provider of energy storage products and services and digital applications for renewables and storage. Fluence Energy Inc is based in ARLINGTON, Va.

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