Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) shares traded up 7.7% on Thursday . The stock traded as high as $21.45 and last traded at $21.32. 345,202 shares were traded during trading, a decline of 84% from the average session volume of 2,215,256 shares. The stock had previously closed at $19.80.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. Piper Sandler increased their price objective on shares of Fluence Energy from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Tuesday. Truist Financial lifted their price objective on shares of Fluence Energy from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Guggenheim upgraded shares of Fluence Energy from a "neutral" rating to a "buy" rating and set a $26.00 price objective for the company in a research report on Friday, August 9th. Susquehanna raised their target price on Fluence Energy from $23.00 to $28.00 and gave the company a "positive" rating in a report on Wednesday, October 16th. Finally, Barclays lowered their price target on Fluence Energy from $30.00 to $28.00 and set an "overweight" rating for the company in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $27.11.
View Our Latest Stock Report on FLNC
Fluence Energy Trading Up 4.7 %
The stock has a market cap of $3.72 billion, a P/E ratio of -53.18, a price-to-earnings-growth ratio of 0.75 and a beta of 2.54. The business has a 50-day simple moving average of $20.39 and a 200 day simple moving average of $19.05.
Insider Buying and Selling at Fluence Energy
In other news, Director Herman E. Bulls purchased 10,000 shares of the stock in a transaction on Tuesday, August 13th. The stock was purchased at an average price of $16.81 per share, for a total transaction of $168,100.00. Following the acquisition, the director now owns 65,861 shares in the company, valued at $1,107,123.41. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.41% of the company's stock.
Hedge Funds Weigh In On Fluence Energy
A number of hedge funds have recently bought and sold shares of FLNC. Handelsbanken Fonder AB grew its holdings in Fluence Energy by 47.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 6,376,024 shares of the company's stock worth $144,800,000 after acquiring an additional 2,047,063 shares during the period. Vanguard Group Inc. increased its holdings in Fluence Energy by 11.9% in the first quarter. Vanguard Group Inc. now owns 6,178,218 shares of the company's stock worth $107,130,000 after purchasing an additional 656,839 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Fluence Energy by 21.2% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,330,198 shares of the company's stock valued at $75,086,000 after buying an additional 757,105 shares during the period. Lazard Freres Gestion S.A.S. bought a new position in shares of Fluence Energy during the 2nd quarter worth approximately $26,877,000. Finally, Clearbridge Investments LLC boosted its holdings in shares of Fluence Energy by 1.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,500,841 shares of the company's stock worth $26,025,000 after buying an additional 23,927 shares in the last quarter. Institutional investors own 53.16% of the company's stock.
Fluence Energy Company Profile
(
Get Free Report)
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.
Read More
Before you consider Fluence Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fluence Energy wasn't on the list.
While Fluence Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
