Fluence Energy (NASDAQ:FLNC) Now Covered by Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Fluence Energy (NASDAQ:FLNC) in a research note published on Wednesday morning, Marketbeat reports. The brokerage issued a buy rating and a $26.00 target price on the stock.

A number of other analysts have also weighed in on the company. Morgan Stanley dropped their price objective on Fluence Energy from $32.00 to $30.00 and set an equal weight rating for the company in a research note on Friday, May 10th. Guggenheim raised shares of Fluence Energy from a neutral rating to a buy rating and set a $26.00 price target for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. boosted their price objective on shares of Fluence Energy from $25.00 to $28.00 and gave the company an overweight rating in a research report on Tuesday, July 16th. Barclays lowered their price objective on shares of Fluence Energy from $30.00 to $28.00 and set an overweight rating for the company in a research note on Friday, July 26th. Finally, Scotiabank raised Fluence Energy to a hold rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $26.63.

Fluence Energy Trading Down 5.6 %

NASDAQ FLNC opened at $18.35 on Wednesday. The stock has a 50-day moving average of $16.94 and a 200-day moving average of $17.70. Fluence Energy has a 1-year low of $12.74 and a 1-year high of $27.80. The firm has a market cap of $3.29 billion, a PE ratio of -47.05, a price-to-earnings-growth ratio of 3.15 and a beta of 2.51.

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, Director Herman E. Bulls bought 10,000 shares of Fluence Energy stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average cost of $16.81 per share, with a total value of $168,100.00. Following the transaction, the director now directly owns 65,861 shares of the company’s stock, valued at $1,107,123.41. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Fluence Energy

Several hedge funds have recently bought and sold shares of the business. PARK CIRCLE Co bought a new position in shares of Fluence Energy during the second quarter valued at approximately $28,000. Pflug Koory LLC purchased a new stake in shares of Fluence Energy in the 1st quarter worth approximately $35,000. Quarry LP bought a new position in Fluence Energy during the 4th quarter valued at approximately $38,000. Baillie Gifford & Co. bought a new position in Fluence Energy during the 1st quarter valued at approximately $38,000. Finally, GAMMA Investing LLC raised its stake in Fluence Energy by 264.9% during the second quarter. GAMMA Investing LLC now owns 2,956 shares of the company’s stock valued at $51,000 after buying an additional 2,146 shares during 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.