Susquehanna Raises Fluence Energy (NASDAQ:FLNC) Price Target to $28.00

Fluence Energy (NASDAQ:FLNC) had its price target lifted by Susquehanna from $23.00 to $28.00 in a report published on Wednesday, Benzinga reports. Susquehanna currently has a positive rating on the stock.

Other equities analysts also recently issued research reports about the stock. Scotiabank upgraded shares of Fluence Energy to a “hold” rating in a research note on Friday, July 12th. Barclays cut their price target on Fluence Energy from $30.00 to $28.00 and set an “overweight” rating for the company in a report on Friday, July 26th. 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 report on Monday, July 22nd. Truist Financial initiated coverage on shares of Fluence Energy in a report on Wednesday, July 10th. They set a “buy” rating and a $25.00 price target for the company. Finally, Guggenheim raised shares of Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Fluence Energy currently has an average rating of “Moderate Buy” and a consensus target price of $26.53.

Fluence Energy Stock Performance

Shares of FLNC stock opened at $22.41 on Wednesday. The stock’s fifty day moving average is $19.90 and its two-hundred day moving average is $18.90. The firm has a market capitalization of $4.02 billion, a P/E ratio of -57.46, a PEG ratio of 0.75 and a beta of 2.54. Fluence Energy has a fifty-two week low of $12.74 and a fifty-two week high of $27.80.

Insider Activity

In related news, Director Herman E. Bulls bought 10,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of $16.81 per share, with a total value of $168,100.00. Following the completion of the purchase, the director now owns 65,861 shares in the company, valued at approximately $1,107,123.41. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.41% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fluence Energy

Several institutional investors have recently modified their holdings of the business. PARK CIRCLE Co bought a new position in shares of Fluence Energy during the 2nd quarter valued at about $28,000. Pflug Koory LLC bought a new stake in Fluence Energy in the first quarter valued at approximately $35,000. Baillie Gifford & Co. acquired a new stake in Fluence Energy during the 1st quarter valued at $38,000. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 2,146 shares during the period. Finally, Blue Trust Inc. bought a new position in shares of Fluence Energy during the second quarter worth approximately $58,000. Institutional investors and hedge funds 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.