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

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have received a consensus rating of “Moderate Buy” from the twenty-one brokerages that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $26.85.

A number of equities research analysts have weighed in on FLNC shares. BMO Capital Markets lifted their price objective on Fluence Energy from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Citigroup cut shares of Fluence Energy from a “buy” rating to a “neutral” rating and cut their target price for the company from $32.00 to $24.00 in a research note on Tuesday, October 1st. Robert W. Baird cut their target price on shares of Fluence Energy from $27.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Royal Bank of Canada cut their target price on shares of Fluence Energy from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Finally, Truist Financial lifted their target price on shares of Fluence Energy from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th.

Fluence Energy Trading Down 0.2 %

NASDAQ FLNC opened at $18.77 on Tuesday. The stock’s 50 day moving average is $21.02 and its two-hundred day moving average is $19.67. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 144.38, a PEG ratio of 0.64 and a beta of 2.54. Fluence Energy has a 1-year low of $12.74 and a 1-year high of $27.80.

Institutional Trading of Fluence Energy

Several institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. raised its position in shares of Fluence Energy by 11.8% during the 3rd quarter. Franklin Resources Inc. now owns 166,613 shares of the company’s stock valued at $3,644,000 after acquiring an additional 17,551 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Fluence Energy by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,508,003 shares of the company’s stock valued at $34,253,000 after acquiring an additional 60,633 shares during the last quarter. Duff & Phelps Investment Management Co. raised its position in shares of Fluence Energy by 76.2% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 25,760 shares of the company’s stock valued at $585,000 after acquiring an additional 11,138 shares during the last quarter. Barclays PLC raised its position in shares of Fluence Energy by 296.8% during the 3rd quarter. Barclays PLC now owns 181,766 shares of the company’s stock valued at $4,127,000 after acquiring an additional 135,957 shares during the last quarter. Finally, Main Management ETF Advisors LLC bought a new stake in shares of Fluence Energy during the 3rd quarter valued at $1,234,000. Institutional investors own 53.16% of the company’s stock.

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.