Fluence Energy, Inc. (NASDAQ:FLNC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Fluence Energy, Inc. (NASDAQ:FLNC) have been given an average recommendation of “Moderate Buy” by the nineteen ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $26.63.

Several brokerages have recently commented on FLNC. Jefferies Financial Group started coverage on shares of Fluence Energy in a research report on Wednesday, September 4th. They set a “buy” rating and a $26.00 price objective for the company. Susquehanna reduced their target price on Fluence Energy from $24.00 to $23.00 and set a “positive” rating for the company in a research note on Friday, August 9th. Guggenheim raised Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Friday, August 9th. Royal Bank of Canada raised Fluence Energy to a “moderate buy” rating in a research note on Friday, August 9th. Finally, Scotiabank upgraded Fluence Energy to a “hold” rating in a report on Friday, July 12th.

Insiders Place Their Bets

In other news, Director Herman E. Bulls purchased 10,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were acquired at an average price of $16.81 per share, for a total transaction of $168,100.00. Following the completion of the transaction, the director now directly owns 65,861 shares of the company’s stock, valued at approximately $1,107,123.41. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FLNC. Vanguard Group Inc. raised its position in Fluence Energy by 11.9% in the 1st quarter. Vanguard Group Inc. now owns 6,178,218 shares of the company’s stock worth $107,130,000 after purchasing an additional 656,839 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Fluence Energy by 21.2% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,330,198 shares of the company’s stock valued at $75,086,000 after acquiring an additional 757,105 shares during the period. Lazard Freres Gestion S.A.S. bought a new position in Fluence Energy during the 2nd quarter worth approximately $26,877,000. Clearbridge Investments LLC boosted its stake in shares of Fluence Energy by 1.6% during the second quarter. Clearbridge Investments LLC now owns 1,500,841 shares of the company’s stock valued at $26,025,000 after purchasing an additional 23,927 shares during the period. Finally, Clean Energy Transition LLP purchased a new stake in shares of Fluence Energy during the fourth quarter valued at approximately $32,124,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

Fluence Energy Price Performance

Shares of NASDAQ:FLNC opened at $21.70 on Thursday. The business’s 50-day moving average is $17.63 and its 200-day moving average is $18.00. Fluence Energy has a 1 year low of $12.74 and a 1 year high of $27.80. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of -55.64, a P/E/G ratio of 3.99 and a beta of 2.51.

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.