Robert W. Baird Lowers Fluence Energy (NASDAQ:FLNC) Price Target to $24.00

Fluence Energy (NASDAQ:FLNC) had its price target decreased by Robert W. Baird from $27.00 to $24.00 in a report published on Wednesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other research firms have also recently commented on FLNC. Susquehanna increased their price objective on Fluence Energy from $23.00 to $28.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. Piper Sandler boosted their price objective on shares of Fluence Energy from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. BNP Paribas upgraded shares of Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 target price on the stock in a report on Friday, November 8th. Jefferies Financial Group began coverage on shares of Fluence Energy in a research note on Wednesday, September 4th. They set a “buy” rating and a $26.00 target price for the company. Finally, 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 note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Fluence Energy presently has an average rating of “Moderate Buy” and an average price target of $26.85.

Fluence Energy Trading Up 2.4 %

Shares of FLNC opened at $18.81 on Wednesday. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 144.69, a P/E/G ratio of 0.62 and a beta of 2.54. The business’s fifty day simple moving average is $21.08 and its two-hundred day simple moving average is $19.65. Fluence Energy has a 12 month low of $12.74 and a 12 month high of $27.80.

Hedge Funds Weigh In On Fluence Energy

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Fluence Energy by 11.9% during the 1st quarter. Vanguard Group Inc. now owns 6,178,218 shares of the company’s stock valued at $107,130,000 after buying an additional 656,839 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Fluence Energy by 10.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,689 shares of the company’s stock valued at $394,000 after purchasing an additional 2,081 shares during the period. Comerica Bank lifted its holdings in Fluence Energy by 79.1% in the 1st quarter. Comerica Bank now owns 4,211 shares of the company’s stock worth $73,000 after purchasing an additional 1,860 shares in the last quarter. GAMMA Investing LLC boosted its stake in Fluence Energy by 264.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,956 shares of the company’s stock worth $51,000 after purchasing an additional 2,146 shares during the period. Finally, Renaissance Capital LLC grew its holdings in Fluence Energy by 42.0% during the 2nd quarter. Renaissance Capital LLC now owns 54,288 shares of the company’s stock valued at $941,000 after buying an additional 16,045 shares in the last quarter. 53.16% of the stock is currently 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.