Piper Sandler Issues Positive Forecast for Fluence Energy (NASDAQ:FLNC) Stock Price

Fluence Energy (NASDAQ:FLNC) had its price objective increased by Piper Sandler from $18.00 to $20.00 in a report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

FLNC has been the subject of several other research reports. Truist Financial raised their price objective 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. BMO Capital Markets raised their price target on shares of Fluence Energy from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Guggenheim raised Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Friday, August 9th. BNP Paribas upgraded Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 price objective on the stock in a research note on Friday, November 8th. Finally, Citigroup cut Fluence Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $32.00 to $24.00 in a research note on Tuesday, October 1st. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Fluence Energy has an average rating of “Moderate Buy” and an average target price of $26.47.

Fluence Energy Trading Down 3.3 %

FLNC opened at $18.37 on Wednesday. The stock’s 50-day moving average price is $21.26 and its 200 day moving average price is $19.65. Fluence Energy has a 12-month low of $12.74 and a 12-month high of $27.80. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 138.31, a PEG ratio of 0.79 and a beta of 2.54.

Hedge Funds Weigh In On Fluence Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PARK CIRCLE Co purchased a new stake in Fluence Energy during the 2nd quarter valued at approximately $28,000. US Bancorp DE increased its stake in shares of Fluence Energy by 676.6% during the third quarter. US Bancorp DE now owns 1,693 shares of the company’s stock worth $38,000 after acquiring an additional 1,475 shares during the period. GAMMA Investing LLC raised its stake in shares of Fluence Energy by 264.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,956 shares of the company’s stock worth $51,000 after buying an additional 2,146 shares in the last quarter. Blue Trust Inc. purchased a new stake in shares of Fluence Energy in the second quarter valued at approximately $58,000. Finally, CWM LLC raised its position in Fluence Energy by 164.4% in the third quarter. CWM LLC now owns 2,842 shares of the company’s stock worth $65,000 after acquiring an additional 1,767 shares in the last quarter. Hedge funds and other 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.