We recently published a list of 15 Stocks That Took a Nosedive in January. In this article, we are going to take a look at where Fluence Energy, Inc. (NASDAQ:FLNC) stands against other stocks that took a nosedive in January.
Historically, the S&P 500’s performance in January sets the pace for the rest of the year. According to Jared Blikre, Yahoo Finance Markets Editor, the S&P 500 returned nearly 17% in January, which is pretty impressive because a positive January usually translates as a positive year for the markets. Jared also added that while the energy and utilities sectors are lagging, the communication services and healthcare segments are showing signs of strength.
At the same time, while the S&P 500 remained positive at the end of January, some stocks declined due to various reasons especially the launch of the Chinese OpenAI rival, DeepSeek, and new regulations amid the new administration.
15 companies in diverse sectors such as the financials, biotechnology, healthcare, technology, and energy industries, declined due to unsupportive market conditions, macroeconomic environment, and other factors. That said, let’s take a look at the 15 stocks that took a nosedive in January.
To come up with the 15 names, we only considered stocks with a market capitalization of more than $2 billion. We then shortlisted the stocks based on their performance in the past quarter and picked the 15 with the largest 30-day decline from January 3, 2024, to February 3, 2025.
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An illustration of digital intelligence and energy storage for a modern industrial facility with servers and storage racks in the background.
Fluence Energy, Inc. (NASDAQ:FLNC)
30-day Decline as of February 3, 2025: 25.0%
Fluence Energy, Inc. (NASDAQ:FLNC) provides energy storage solutions optimized for the common customer. The stock went from $17.35 on January 3, to $13.01 on February 3, a decline of 25%. While the stock registered a general downward trend during the month, FLNC’s share price fluctuated quite rapidly throughout.
On January 22, analyst firm, Jefferies, downgraded the stock from a buy to a hold rating, lowering the price target from $22 to $15. The analyst firm downgraded its rating because prices in the sector are declining rapidly, which may lead to lower margins for the firm. In addition to that, the analyst firm pointed to increasing competition from China offering similar products at a much lower price.
The analyst also added that the company’s strategy going forward is unclear, increasing uncertainty around the stock until later in 2025. The analyst expects to see positive results from the firm in the second half of 2025, which is a very stretched-out time for investors.
Overall, FLNC ranks 12th on our list of stocks that took a nosedive in January. While we acknowledge the potential of FLNC to grow, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FLNC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
