Fluence Energy, Inc. (NASDAQ:FLNC) Receives Average Rating of “Moderate Buy” from Analysts

Fluence Energy, Inc. (NASDAQ:FLNCGet Rating) has been given an average recommendation of “Moderate Buy” by the fourteen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $23.33.

Several brokerages have commented on FLNC. Morgan Stanley lifted their price objective on shares of Fluence Energy from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 10th. Seaport Res Ptn reaffirmed a “buy” rating on shares of Fluence Energy in a report on Wednesday, December 14th. Canaccord Genuity Group boosted their price target on shares of Fluence Energy from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, December 14th. JPMorgan Chase & Co. cut their price target on shares of Fluence Energy from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, October 20th. Finally, The Goldman Sachs Group boosted their price target on shares of Fluence Energy from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, December 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Deutsche Bank AG boosted its position in shares of Fluence Energy by 164.0% during the 2nd quarter. Deutsche Bank AG now owns 899,623 shares of the company’s stock valued at $8,528,000 after acquiring an additional 558,842 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Fluence Energy by 1.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 1,228,386 shares of the company’s stock valued at $11,645,000 after acquiring an additional 23,007 shares during the last quarter. Canal Insurance CO lifted its position in Fluence Energy by 42.9% in the second quarter. Canal Insurance CO now owns 100,000 shares of the company’s stock valued at $948,000 after buying an additional 30,000 shares during the last quarter. Mirova acquired a new position in Fluence Energy in the second quarter valued at about $2,358,000. Finally, Prescott Group Capital Management L.L.C. acquired a new position in Fluence Energy in the second quarter valued at about $580,000. Institutional investors and hedge funds own 19.60% of the company’s stock.

Fluence Energy Stock Up 7.8 %

FLNC stock opened at $22.54 on Friday. The firm has a 50 day moving average of $17.87 and a 200 day moving average of $15.95. The stock has a market capitalization of $3.93 billion, a PE ratio of -14.54 and a beta of 2.37. Fluence Energy has a 52 week low of $4.96 and a 52 week high of $23.38.

About Fluence Energy

(Get Rating)

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and services, and artificial intelligence enabled digital applications for renewables and storage applications in the Americas, Asia Pacific, Europe, Middle-East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.

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Analyst Recommendations for Fluence Energy (NASDAQ:FLNC)

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