BMO Capital Markets Raises Fluence Energy (NASDAQ:FLNC) Price Target to $25.00

Fluence Energy (NASDAQ:FLNC) had its price target raised by BMO Capital Markets from $24.00 to $25.00 in a research report released on Monday, Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages have also weighed in on FLNC. Scotiabank upgraded shares of Fluence Energy to a “hold” rating in a research report on Friday, July 12th. Robert W. Baird decreased their target price on Fluence Energy from $34.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Truist Financial started coverage on Fluence Energy in a research report on Wednesday, July 10th. They issued a “buy” rating and a $25.00 price target for the company. Guggenheim raised 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. Finally, JPMorgan Chase & Co. raised their price target on Fluence Energy from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Fluence Energy currently has a consensus rating of “Moderate Buy” and an average target price of $26.53.

Fluence Energy Price Performance

Fluence Energy stock opened at $22.41 on Monday. The stock’s 50 day moving average price is $19.90 and its 200 day moving average price is $18.90. Fluence Energy has a 1-year low of $12.74 and a 1-year high of $27.80. The company has a market cap of $4.02 billion, a PE ratio of -57.46, a price-to-earnings-growth ratio of 0.75 and a beta of 2.54.

Insider Activity

In other Fluence Energy news, Director Herman E. Bulls acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average price of $16.81 per share, with a total value of $168,100.00. Following the completion of the acquisition, the director now directly owns 65,861 shares in the company, valued at $1,107,123.41. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Fluence Energy

Several institutional investors have recently made changes to their positions in FLNC. Quarry LP bought a new position in shares of Fluence Energy during the fourth quarter worth about $38,000. PARK CIRCLE Co bought a new position in shares of Fluence Energy in the second quarter worth $28,000. Pflug Koory LLC acquired a new position in shares of Fluence Energy during the first quarter valued at $35,000. Baillie Gifford & Co. bought a new position in Fluence Energy in the 1st quarter valued at about $38,000. Finally, CWM LLC increased its stake in shares of Fluence Energy by 164.4% during the third quarter. CWM LLC now owns 2,842 shares of the company’s stock valued at $65,000 after acquiring an additional 1,767 shares during the period. 53.16% of the stock is owned by institutional investors.

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.