Fluence Energy, Inc. (NASDAQ:FLNC) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have earned an average rating of “Moderate Buy” from the nineteen research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $26.21.

FLNC has been the topic of several recent analyst reports. Robert W. Baird dropped their price objective on Fluence Energy from $34.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Piper Sandler dropped their price target on shares of Fluence Energy from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Jefferies Financial Group started coverage on shares of Fluence Energy in a report on Wednesday, September 4th. They set a “buy” rating and a $26.00 price objective for the company. 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 research report on Friday, August 9th. Finally, Royal Bank of Canada raised shares of Fluence Energy to a “moderate buy” rating in a research report on Friday, August 9th.

Fluence Energy Trading Up 5.5 %

FLNC stock opened at $21.70 on Monday. The stock has a market capitalization of $3.89 billion, a PE ratio of -55.64, a price-to-earnings-growth ratio of 0.75 and a beta of 2.54. The stock’s 50 day simple moving average is $19.43 and its 200 day simple moving average is $18.80. Fluence Energy has a 12-month low of $12.74 and a 12-month high of $27.80.

Insider Activity at Fluence Energy

In other news, Director Herman E. Bulls acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was acquired at an average price of $16.81 per share, with a total value of $168,100.00. Following the completion of the purchase, the director now directly owns 65,861 shares in the company, valued at approximately $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. 0.41% of the stock is currently owned by insiders.

Institutional Trading of Fluence Energy

Several institutional investors and hedge funds have recently made changes to their positions in FLNC. Quarry LP bought a new stake in Fluence Energy during the 4th quarter valued at about $38,000. PARK CIRCLE Co bought a new stake in shares of Fluence Energy during the second quarter valued at approximately $28,000. Pflug Koory LLC purchased a new stake in shares of Fluence Energy in the first quarter valued at approximately $35,000. Baillie Gifford & Co. bought a new position in Fluence Energy in the first quarter worth approximately $38,000. Finally, CWM LLC increased its holdings in Fluence Energy by 164.4% during the 3rd quarter. CWM LLC now owns 2,842 shares of the company’s stock worth $65,000 after purchasing an additional 1,767 shares during the period. 53.16% of the stock is currently owned by institutional investors.

About Fluence Energy

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.