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

Fluence Energy (NASDAQ:FLNC) had its price objective increased by Piper Sandler from $16.00 to $18.00 in a report published on Tuesday, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on FLNC. Royal Bank of Canada upgraded shares of Fluence Energy to a “moderate buy” rating in a report on Friday, August 9th. BMO Capital Markets lifted their target price on Fluence Energy from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Guggenheim raised Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Friday, August 9th. Susquehanna lifted their price objective on Fluence Energy from $23.00 to $28.00 and gave the stock a “positive” rating in a research note on Wednesday, October 16th. Finally, Robert W. Baird lowered their target price on Fluence Energy from $34.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.11.

Fluence Energy Price Performance

FLNC stock opened at $20.74 on Tuesday. Fluence Energy has a 1-year low of $12.74 and a 1-year high of $27.80. The business has a 50 day simple moving average of $20.39 and a two-hundred day simple moving average of $19.05. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of -53.18, a PEG ratio of 0.75 and a beta of 2.54.

Insider Activity

In other Fluence Energy news, Director Herman E. Bulls acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average cost of $16.81 per share, with a total value of $168,100.00. Following the completion of the acquisition, the director now directly owns 65,861 shares in the company, valued at $1,107,123.41. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Fluence Energy

A number of institutional investors have recently added to or reduced their stakes in FLNC. Mirae Asset Global Investments Co. Ltd. bought a new position in Fluence Energy in the third quarter worth about $1,375,000. International Assets Investment Management LLC grew its position in shares of Fluence Energy by 2,170.9% in the 3rd quarter. International Assets Investment Management LLC now owns 10,787 shares of the company’s stock worth $245,000 after buying an additional 10,312 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Fluence Energy by 45.3% during the 3rd quarter. Blue Trust Inc. now owns 4,821 shares of the company’s stock worth $109,000 after acquiring an additional 1,502 shares in the last quarter. Renaissance Capital LLC lifted its position in Fluence Energy by 20.0% during the third quarter. Renaissance Capital LLC now owns 65,169 shares of the company’s stock valued at $1,480,000 after acquiring an additional 10,881 shares during the last quarter. Finally, CWM LLC boosted its stake in Fluence Energy by 164.4% in the third quarter. CWM LLC now owns 2,842 shares of the company’s stock valued at $65,000 after acquiring an additional 1,767 shares in the last quarter. Institutional investors own 53.16% of the company’s stock.

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.