Brokerages Set Fluence Energy, Inc. (NASDAQ:FLNC) Price Target at $26.21

Shares of Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) have received an average recommendation of "Moderate Buy" from the nineteen brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $26.11.

A number of equities research analysts have issued reports on the stock. Piper Sandler decreased their price target on shares of Fluence Energy from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, July 22nd. Truist Financial assumed coverage on Fluence Energy in a report on Wednesday, July 10th. They set a "buy" rating and a $25.00 price objective for the company. BMO Capital Markets lifted their price target on Fluence Energy from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Monday. Robert W. Baird cut their target price on shares of Fluence Energy from $34.00 to $27.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. Finally, Susquehanna cut their target price on shares of Fluence Energy from $24.00 to $23.00 and set a "positive" rating on the stock in a research report on Friday, August 9th.

Insider Activity at Fluence Energy

In other news, Director Herman E. Bulls acquired 10,000 shares of Fluence Energy stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average cost of $16.81 per share, for a total transaction of $168,100.00. Following the completion of the purchase, the director now directly owns 65,861 shares of the company's stock, valued at $1,107,123.41. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is owned by insiders.

Hedge Funds Weigh In On Fluence Energy

Large investors have recently made changes to their positions in the business. Handelsbanken Fonder AB increased its position in Fluence Energy by 47.3% during the third quarter. Handelsbanken Fonder AB now owns 6,376,024 shares of the company's stock worth $144,800,000 after buying an additional 2,047,063 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Fluence Energy by 41.0% during the 4th quarter. Vanguard Group Inc. now owns 5,521,379 shares of the company's stock worth $131,685,000 after purchasing an additional 1,605,345 shares in the last quarter. Lazard Freres Gestion S.A.S. acquired a new position in shares of Fluence Energy in the 2nd quarter worth approximately $26,877,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Fluence Energy by 1,355.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,024,114 shares of the company's stock valued at $17,758,000 after buying an additional 953,761 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Fluence Energy by 21.2% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,330,198 shares of the company's stock worth $75,086,000 after buying an additional 757,105 shares in the last quarter. Institutional investors and hedge funds own 53.16% of the company's stock.

Fluence Energy Stock Up 0.8 %

Shares of Fluence Energy stock traded up $0.17 during trading on Monday, hitting $21.87. The stock had a trading volume of 791,228 shares, compared to its average volume of 2,257,876. Fluence Energy has a 1 year low of $12.74 and a 1 year high of $27.80. The company has a market capitalization of $3.92 billion, a PE ratio of -56.00, a P/E/G ratio of 0.75 and a beta of 2.54. The stock has a 50 day simple moving average of $19.43 and a 200 day simple moving average of $18.82.

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.