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Has The Time Arrived To Buy This Mid Cap Stock-FLNC

Acrobull Canada Advisory Inc.

 

January 212025
NameTickerSector/IndustryMarket CapRisk Factor 

Fluence Energy Inc.

FLNC-NASDAQUtilities$2.61 BillionMedium 
       

 

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. 

 

 

Recent Highlights

 

  • Director Purchase the Shares- The company director has recently bought company shares, he has bought $155.680 in shares in recent weeks, hence showing confidence in the company’s overall growth.

 

  • Customers looking for a mid cap stock for short to mid term returns may choose to invest.
Fiscal Year 2024 Financial Highlights

 

  • Record revenue for fiscal year 2024 of approximately $2.7 billion and revenue for the fourth quarter of approximately $1.2 billion, representing an increase of approximately 22% from fiscal year 2023 and an increase of approximately 82% from the same quarter last year, respectively.

 

  • GAAP gross profit margin improved to approximately 12.6% and 12.8% for fiscal year 2024 and the fourth quarter, respectively, compared to approximately 6.4% and 11.3% for fiscal year 2023 and the same quarter last year, respectively, reflecting the Company's continued focus on ongoing profit improvement strategies.

 

 

  • Net income of approximately $30.4 million and $67.7 million for fiscal year 2024 and the fourth quarter, respectively, improved from a net loss of approximately $104.8 million and net income of approximately $4.8 million, for fiscal year 2023 and the same quarter last year, respectively.

 

  • Adjusted EBITDA1 of approximately $78.1 million and $86.9 million for fiscal year 2024 and the fourth quarter, respectively, improved from approximately negative $61.4 million and $19.8 million for fiscal year 2023 and the same quarter last year, respectively.

 

Stock Observation- The company’s stock performance has been good however the stock has gone through some fluctuation in recent weeks, the RSI level for the stock is at 43 which shows close to oversold conditions.

 

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

 

 

 
Considering all the factors and financials of the company Acrobull Canada Advisory Inc. maintains Customer Choose Buy for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull Canada Advisory Inc. only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull Canada Advisory Inc. would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull Canada Advisory Inc. is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull Canada Advisory Inc. does not guarantee returns. 

 

Acrobull Recommendation Based on Evaluation

 

Current Market Price$14.44 USD
Acrobull RecommendationBuy
Target PriceTarget $16.75 USD
RSI Level14 Day RSI 42
Total Shares Outstanding129.62 Million

Shares held by Insiders

Risk Factor

Stop Loss

31.18%

Medium

5%

 

 

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