Fluence Energy (NASDAQ:FLNC) Price Target Raised to $20.00

Fluence Energy (NASDAQ:FLNC) had its target price boosted by investment analysts at Piper Sandler from $18.00 to $20.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 8.11% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Bank of America lowered their price target on Fluence Energy from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. BNP Paribas upgraded Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 target price for the company in a research report on Friday, November 8th. BMO Capital Markets upped their target price on Fluence Energy from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Truist Financial increased their target price on shares of Fluence Energy from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Royal Bank of Canada raised shares of Fluence Energy to a “moderate buy” rating in a research note on Friday, August 9th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.58.

Fluence Energy Trading Down 2.6 %

Shares of NASDAQ:FLNC traded down $0.50 during trading on Wednesday, reaching $18.50. The company had a trading volume of 2,379,983 shares, compared to its average volume of 2,225,209. The company has a fifty day moving average of $21.26 and a two-hundred day moving average of $19.65. The stock has a market capitalization of $3.34 billion, a P/E ratio of 142.31, a price-to-earnings-growth ratio of 0.79 and a beta of 2.54. Fluence Energy has a 12 month low of $12.74 and a 12 month high of $27.80.

Institutional Trading of Fluence Energy

A number of institutional investors have recently made changes to their positions in FLNC. Vanguard Group Inc. raised its stake in Fluence Energy by 11.9% during the 1st quarter. Vanguard Group Inc. now owns 6,178,218 shares of the company’s stock valued at $107,130,000 after purchasing an additional 656,839 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Fluence Energy by 10.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,689 shares of the company’s stock valued at $394,000 after purchasing an additional 2,081 shares during the last quarter. Comerica Bank grew its position in Fluence Energy by 79.1% in the 1st quarter. Comerica Bank now owns 4,211 shares of the company’s stock valued at $73,000 after acquiring an additional 1,860 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Fluence Energy by 264.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,956 shares of the company’s stock valued at $51,000 after buying an additional 2,146 shares in the last quarter. Finally, Renaissance Capital LLC grew its stake in Fluence Energy by 42.0% in the second quarter. Renaissance Capital LLC now owns 54,288 shares of the company’s stock worth $941,000 after purchasing an additional 16,045 shares in the last quarter. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Fluence Energy Company Profile

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. The company sells energy storage products with integrated hardware, software, and digital intelligence.