Fluence Energy, Inc. (NASDAQ:FLNC) Receives $26.63 Consensus Target Price from Analysts

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have received an average rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $26.63.

Several research firms have recently weighed in on FLNC. Royal Bank of Canada upgraded shares of Fluence Energy to a “moderate buy” rating in a report on Friday, August 9th. JPMorgan Chase & Co. boosted their price target on Fluence Energy from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Scotiabank upgraded shares of Fluence Energy to a “hold” rating in a research note on Friday, July 12th. Piper Sandler dropped their price target on Fluence Energy from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Finally, Bank of America cut their price objective on shares of Fluence Energy from $29.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, July 17th.

Fluence Energy Price Performance

Fluence Energy stock opened at $21.88 on Thursday. Fluence Energy has a fifty-two week low of $12.74 and a fifty-two week high of $27.80. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of -56.10, a PEG ratio of 3.99 and a beta of 2.51. The company’s 50 day simple moving average is $17.86 and its 200 day simple moving average is $18.16.

Insider Activity at Fluence Energy

In related news, Director Herman E. Bulls bought 10,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were purchased at an average price of $16.81 per share, with a total value of $168,100.00. Following the completion of the purchase, the director now owns 65,861 shares in the company, valued at approximately $1,107,123.41. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.41% of the stock is owned by insiders.

Institutional Trading of Fluence Energy

A number of hedge funds have recently made changes to their positions in FLNC. Swiss National Bank raised its holdings in Fluence Energy by 37.7% in the 4th quarter. Swiss National Bank now owns 123,900 shares of the company’s stock valued at $2,955,000 after buying an additional 33,900 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Fluence Energy by 40.0% during the fourth quarter. Amalgamated Bank now owns 8,320 shares of the company’s stock worth $198,000 after purchasing an additional 2,376 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Fluence Energy by 49.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 454,053 shares of the company’s stock worth $10,829,000 after purchasing an additional 149,404 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in Fluence Energy in the fourth quarter valued at $4,851,000. Finally, Norges Bank bought a new position in Fluence Energy during the 4th quarter worth $13,931,000. 53.16% of the stock is owned by institutional investors and hedge funds.

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.