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

Fluence Energy (NASDAQ:FLNC) had its price target boosted by Piper Sandler from $18.00 to $20.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

FLNC has been the subject of several other research reports. Royal Bank of Canada raised Fluence Energy to a “moderate buy” rating in a research note on Friday, August 9th. Jefferies Financial Group began coverage on shares of Fluence Energy in a research report on Wednesday, September 4th. They set a “buy” rating and a $26.00 target price on the stock. BNP Paribas upgraded shares of Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 price target for the company in a report on Friday, November 8th. Guggenheim upgraded shares of Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Friday, August 9th. Finally, Bank of America reduced their target price on Fluence Energy from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.85.

Fluence Energy Trading Up 2.4 %

Shares of FLNC opened at $18.81 on Wednesday. The firm’s fifty day simple moving average is $21.08 and its two-hundred day simple moving average is $19.65. Fluence Energy has a 12 month low of $12.74 and a 12 month high of $27.80. The stock has a market capitalization of $3.40 billion, a P/E ratio of 144.69, a price-to-earnings-growth ratio of 0.62 and a beta of 2.54.

Institutional Trading of Fluence Energy

Institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC lifted its position in shares of Fluence Energy by 3.8% during the second quarter. Hsbc Holdings PLC now owns 24,250 shares of the company’s stock valued at $420,000 after purchasing an additional 897 shares in the last quarter. US Bancorp DE increased its stake in Fluence Energy by 676.6% in the 3rd quarter. US Bancorp DE now owns 1,693 shares of the company’s stock valued at $38,000 after buying an additional 1,475 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Fluence Energy by 45.3% during the 3rd quarter. Blue Trust Inc. now owns 4,821 shares of the company’s stock worth $109,000 after buying an additional 1,502 shares in the last quarter. PARK CIRCLE Co purchased a new position in shares of Fluence Energy in the 2nd quarter worth approximately $28,000. Finally, CWM LLC grew its holdings in shares of Fluence Energy by 164.4% in the third quarter. CWM LLC now owns 2,842 shares of the company’s stock valued at $65,000 after acquiring an additional 1,767 shares in the last quarter. 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.