Piper Sandler Raises Fluence Energy (NASDAQ:FLNC) Price Target to $18.00

Fluence Energy (NASDAQ:FLNC) had its target price upped by Piper Sandler from $16.00 to $18.00 in a research report released on Tuesday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Several other brokerages have also issued reports on FLNC. Barclays decreased their price target on Fluence Energy from $30.00 to $28.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. Jefferies Financial Group initiated coverage on Fluence Energy in a research note on Wednesday, September 4th. They issued a “buy” rating and a $26.00 price target on the stock. Truist Financial lifted their price target on Fluence Energy from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Scotiabank upgraded Fluence Energy to a “hold” rating in a research note on Friday, July 12th. 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. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.11.

Fluence Energy Price Performance

Fluence Energy stock opened at $19.81 on Tuesday. The stock’s fifty day moving average price is $20.26 and its two-hundred day moving average price is $19.04. Fluence Energy has a one year low of $12.74 and a one year high of $27.80. The firm has a market cap of $3.55 billion, a PE ratio of -50.79, a price-to-earnings-growth ratio of 0.75 and a beta of 2.54.

Insiders Place Their Bets

In related news, Director Herman E. Bulls bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of $16.81 per share, with a total value of $168,100.00. Following the acquisition, the director now owns 65,861 shares of the company’s stock, valued at $1,107,123.41. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FLNC. PARK CIRCLE Co acquired a new position in Fluence Energy during the 2nd quarter worth about $28,000. Baillie Gifford & Co. acquired a new position in shares of Fluence Energy in the 1st quarter valued at about $38,000. GAMMA Investing LLC lifted its stake in shares of Fluence Energy by 264.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,956 shares of the company’s stock valued at $51,000 after purchasing an additional 2,146 shares during the period. Blue Trust Inc. acquired a new position in shares of Fluence Energy in the 2nd quarter valued at about $58,000. Finally, CWM LLC lifted its stake in shares of Fluence Energy by 164.4% in the 3rd quarter. CWM LLC now owns 2,842 shares of the company’s stock valued at $65,000 after purchasing an additional 1,767 shares during the period. 53.16% of the stock is owned by institutional investors and hedge funds.

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.