Fluence Energy (NASDAQ:FLNC) Price Target Raised to $25.00 at BMO Capital Markets

Fluence Energy (NASDAQ:FLNC) had its target price lifted by BMO Capital Markets from $24.00 to $25.00 in a report released on Monday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

FLNC has been the subject of several other reports. Citigroup cut shares of Fluence Energy from a buy rating to a neutral rating and cut their price objective for the stock from $32.00 to $24.00 in a research report on Tuesday, October 1st. Truist Financial began coverage on Fluence Energy in a report on Wednesday, July 10th. They issued a buy rating and a $25.00 price objective on the stock. Guggenheim upgraded Fluence Energy from a neutral rating to a buy rating and set a $26.00 target price on the stock in a research report on Friday, August 9th. Piper Sandler lowered their price target on Fluence Energy from $18.00 to $16.00 and set a neutral rating for the company in a report on Monday, July 22nd. Finally, Robert W. Baird decreased 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Fluence Energy presently has an average rating of Moderate Buy and an average target price of $26.11.

Fluence Energy Stock Up 0.8 %

Shares of NASDAQ:FLNC opened at $21.87 on Monday. Fluence Energy has a 52-week low of $12.74 and a 52-week high of $27.80. The stock has a market cap of $3.92 billion, a P/E ratio of -56.08, a PEG ratio of 0.75 and a beta of 2.54. The business has a fifty day moving average of $19.43 and a two-hundred day moving average of $18.82.

Insider Activity

In other news, Director Herman E. Bulls bought 10,000 shares of the stock in a transaction that occurred 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 completion of the purchase, the director now owns 65,861 shares in the company, valued at approximately $1,107,123.41. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.41% of the company’s stock.

Institutional Trading of Fluence Energy

Institutional investors have recently bought and sold shares of the business. Handelsbanken Fonder AB increased its holdings in shares of Fluence Energy by 47.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 6,376,024 shares of the company’s stock valued at $144,800,000 after acquiring an additional 2,047,063 shares during the last quarter. Vanguard Group Inc. raised its holdings in Fluence Energy by 41.0% during the fourth 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 stake in Fluence Energy during the second quarter worth approximately $26,877,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Fluence Energy by 1,355.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,024,114 shares of the company’s stock worth $17,758,000 after buying an additional 953,761 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Fluence Energy by 21.2% in the 1st 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 in the last quarter. 53.16% of the stock is owned by hedge funds and other 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.