Fluence Energy, Inc. (NASDAQ:FLNC) Given Consensus Rating of “Moderate Buy” by Analysts

Fluence Energy, Inc. (NASDAQ:FLNC) has been assigned an average recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $26.63.

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

Fluence Energy Stock Performance

FLNC opened at $21.70 on Thursday. Fluence Energy has a 52-week low of $12.74 and a 52-week high of $27.80. The stock’s 50 day moving average price is $17.63 and its 200-day moving average price is $18.00. The stock has a market capitalization of $3.89 billion, a PE ratio of -55.64, a price-to-earnings-growth ratio of 3.99 and a beta of 2.51.

Insiders Place Their Bets

In related news, Director Herman E. Bulls purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought 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 of the company’s stock, valued at approximately $1,107,123.41. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is currently owned by insiders.

Institutional Trading of Fluence Energy

Large investors have recently made changes to their positions in the stock. Swiss National Bank raised its stake in shares of Fluence Energy by 37.7% during the fourth quarter. Swiss National Bank now owns 123,900 shares of the company’s stock valued at $2,955,000 after acquiring an additional 33,900 shares in the last quarter. Amalgamated Bank lifted its position in shares of Fluence Energy by 40.0% in the 4th quarter. Amalgamated Bank now owns 8,320 shares of the company’s stock worth $198,000 after purchasing an additional 2,376 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Fluence Energy by 49.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 454,053 shares of the company’s stock valued at $10,829,000 after purchasing an additional 149,404 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Fluence Energy during the fourth quarter valued at approximately $4,851,000. Finally, Norges Bank purchased a new stake in Fluence Energy during the fourth quarter worth $13,931,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

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.