US Bancorp DE Raises Stake in Fluence Energy, Inc. (NASDAQ:FLNC)

US Bancorp DE lifted its position in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 676.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,693 shares of the company’s stock after buying an additional 1,475 shares during the period. US Bancorp DE’s holdings in Fluence Energy were worth $38,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. ProShare Advisors LLC raised its holdings in Fluence Energy by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 10,539 shares of the company’s stock valued at $183,000 after acquiring an additional 830 shares during the last quarter. Hsbc Holdings PLC increased its stake in Fluence Energy by 3.8% in the second quarter. Hsbc Holdings PLC now owns 24,250 shares of the company’s stock valued at $420,000 after purchasing an additional 897 shares during the last quarter. Blue Trust Inc. lifted its position in Fluence Energy by 45.3% during the third quarter. Blue Trust Inc. now owns 4,821 shares of the company’s stock worth $109,000 after buying an additional 1,502 shares during the period. PARK CIRCLE Co acquired a new stake in Fluence Energy in the 2nd quarter worth about $28,000. Finally, CWM LLC boosted its stake in Fluence Energy by 164.4% in the 3rd quarter. CWM LLC now owns 2,842 shares of the company’s stock worth $65,000 after buying an additional 1,767 shares during the last quarter. Institutional investors and hedge funds own 53.16% of the company’s stock.

Fluence Energy Stock Performance

Shares of FLNC opened at $19.64 on Tuesday. Fluence Energy, Inc. has a one year low of $12.74 and a one year high of $27.80. The stock has a 50-day moving average price of $21.20 and a 200 day moving average price of $19.58. The company has a market capitalization of $3.54 billion, a P/E ratio of -103.36, a P/E/G ratio of 0.68 and a beta of 2.54.

Analysts Set New Price Targets

FLNC has been the topic of several recent analyst reports. Bank of America cut their price objective on shares of Fluence Energy from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group assumed coverage on shares of Fluence Energy in a research note on Wednesday, September 4th. They set a “buy” rating and a $26.00 price target on the stock. Truist Financial upped their price objective on Fluence Energy from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Royal Bank of Canada upgraded Fluence Energy to a “moderate buy” rating in a report on Friday, August 9th. Finally, Robert W. Baird reduced their target price on Fluence Energy from $34.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Fluence Energy currently has an average rating of “Moderate Buy” and an average price target of $26.63.

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.