Fluence Energy, Inc. (NASDAQ:FLNC) Stock Holdings Raised by US Bancorp DE

US Bancorp DE lifted its stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 676.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,693 shares of the company’s stock after buying an additional 1,475 shares during the quarter. US Bancorp DE’s holdings in Fluence Energy were worth $38,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Fluence Energy during the third quarter valued at approximately $1,375,000. International Assets Investment Management LLC increased its holdings 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 valued at $245,000 after acquiring an additional 10,312 shares during the last quarter. Blue Trust Inc. raised its position 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 valued at $109,000 after acquiring an additional 1,502 shares in the last quarter. Renaissance Capital LLC raised its position in shares of Fluence Energy by 20.0% during the 3rd 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 in the last quarter. Finally, CWM LLC lifted its stake in Fluence Energy by 164.4% during the third quarter. CWM LLC now owns 2,842 shares of the company’s stock worth $65,000 after purchasing an additional 1,767 shares during the last quarter. Institutional investors own 53.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FLNC. Barclays dropped their target price on shares of Fluence Energy from $30.00 to $28.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Guggenheim upgraded shares of Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Friday, August 9th. BNP Paribas upgraded Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 target price for the company in a research note on Friday, November 8th. Bank of America dropped their price target on Fluence Energy from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Robert W. Baird cut their price target on Fluence Energy from $34.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.63.

Fluence Energy Trading Up 1.6 %

Fluence Energy stock opened at $19.64 on Tuesday. The company’s 50-day moving average price is $21.20 and its two-hundred day moving average price is $19.58. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of -103.36, a PEG ratio of 0.68 and a beta of 2.54. Fluence Energy, Inc. has a 52 week low of $12.74 and a 52 week high of $27.80.

Fluence Energy 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.