BNP Paribas Upgrades Fluence Energy (NASDAQ:FLNC) to "Neutral"

BNP Paribas upgraded shares of Fluence Energy (NASDAQ:FLNC - Free Report) from an underperform rating to a neutral rating in a research note released on Friday, MarketBeat reports. The brokerage currently has $22.00 price objective on the stock.

A number of other equities analysts have also commented on FLNC. Truist Financial lifted their price target 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. Royal Bank of Canada upgraded Fluence Energy to a "moderate buy" rating in a report on Friday, August 9th. Robert W. Baird reduced their price target on shares of Fluence Energy from $34.00 to $27.00 and set an "outperform" rating for the company in a report on Friday, August 9th. Susquehanna upped their price objective on shares of Fluence Energy from $23.00 to $28.00 and gave the company a "positive" rating in a research report on Wednesday, October 16th. Finally, Guggenheim upgraded Fluence Energy from a "neutral" rating to a "buy" rating and set a $26.00 price target on the stock in a research note on Friday, August 9th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $26.63.

Fluence Energy Stock Up 0.2 %

Shares of FLNC traded up $0.04 during midday trading on Friday, reaching $20.18. 1,016,167 shares of the stock were exchanged, compared to its average volume of 2,200,132. The firm has a 50 day simple moving average of $20.94 and a 200-day simple moving average of $19.39. Fluence Energy has a 12-month low of $12.74 and a 12-month high of $27.80. The company has a market cap of $3.64 billion, a price-to-earnings ratio of -106.00, a P/E/G ratio of 0.78 and a beta of 2.54.

Insider Buying and Selling at Fluence Energy

In other news, Director Herman E. Bulls bought 10,000 shares of the company's stock in a transaction dated Tuesday, August 13th. The stock was bought at an average price of $16.81 per share, for a total transaction of $168,100.00. Following the completion of the transaction, the director now directly owns 65,861 shares in the company, valued at $1,107,123.41. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.41% of the company's stock.

Institutional Investors Weigh In On Fluence Energy

Several institutional investors have recently modified their holdings of the business. ProShare Advisors LLC boosted its holdings in Fluence Energy by 8.5% during the first quarter. ProShare Advisors LLC now owns 10,539 shares of the company's stock worth $183,000 after buying an additional 830 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Fluence Energy by 3.8% in the 2nd quarter. Hsbc Holdings PLC now owns 24,250 shares of the company's stock valued at $420,000 after buying an additional 897 shares during the period. US Bancorp DE raised its stake in Fluence Energy by 676.6% during the 3rd quarter. US Bancorp DE now owns 1,693 shares of the company's stock worth $38,000 after buying an additional 1,475 shares during the period. Blue Trust Inc. lifted its holdings in Fluence Energy by 45.3% during the third quarter. Blue Trust Inc. now owns 4,821 shares of the company's stock worth $109,000 after acquiring an additional 1,502 shares in the last quarter. Finally, PARK CIRCLE Co acquired a new position in Fluence Energy in the second quarter valued at about $28,000. Institutional investors and hedge funds 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.