Banque Cantonale Vaudoise Boosts Holdings in Fluence Energy, Inc. (NASDAQ:FLNC)

Banque Cantonale Vaudoise raised its stake in Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 124.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,979 shares of the company's stock after acquiring an additional 32,699 shares during the quarter. Banque Cantonale Vaudoise's holdings in Fluence Energy were worth $1,340,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ProShare Advisors LLC increased its holdings in Fluence Energy by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 10,539 shares of the company's stock worth $183,000 after acquiring an additional 830 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Fluence Energy by 3.8% in the second quarter. Hsbc Holdings PLC now owns 24,250 shares of the company's stock worth $420,000 after purchasing an additional 897 shares in the last quarter. US Bancorp DE raised its position in shares of Fluence Energy by 676.6% in the third quarter. US Bancorp DE now owns 1,693 shares of the company's stock valued at $38,000 after purchasing an additional 1,475 shares during the period. Blue Trust Inc. lifted its stake 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 valued at $109,000 after buying an additional 1,502 shares in the last quarter. Finally, PARK CIRCLE Co bought a new position in Fluence Energy in the 2nd quarter worth approximately $28,000. 53.16% of the stock is owned by institutional investors.

Fluence Energy Price Performance

Shares of NASDAQ FLNC opened at $21.91 on Thursday. Fluence Energy, Inc. has a 1 year low of $12.74 and a 1 year high of $27.80. The firm has a 50-day moving average of $21.26 and a 200 day moving average of $19.58.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Robert W. Baird lowered their target price on shares of Fluence Energy from $34.00 to $27.00 and set an "outperform" rating on the stock in a report on Friday, August 9th. BMO Capital Markets increased their price objective on Fluence Energy from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. 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 report on Thursday, November 7th. Guggenheim raised shares of Fluence Energy from a "neutral" rating to a "buy" rating and set a $26.00 price target on the stock in a report on Friday, August 9th. Finally, Truist Financial raised their price objective on shares of Fluence Energy from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Fluence Energy has an average rating of "Moderate Buy" and an average price target of $26.63.

Fluence Energy 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.