Investment Analysts’ Weekly Ratings Changes for Fluence Energy (FLNC)

A number of firms have modified their ratings and price targets on shares of Fluence Energy (NASDAQ: FLNC) recently:

• 8/9/2024 – Fluence Energy had its price target lowered by analysts at Susquehanna from $24.00 to $23.00. They now have a “positive” rating on the stock.
• 8/9/2024 – Fluence Energy had its price target lowered by analysts at Robert W. Baird from $34.00 to $27.00. They now have an “outperform” rating on the stock.
• 8/9/2024 – Fluence Energy was upgraded by analysts at Royal Bank of Canada to a “moderate buy” rating.
• 8/9/2024 – Fluence Energy was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating. They now have a $26.00 price target on the stock.
• 7/26/2024 – Fluence Energy had its price target lowered by analysts at Barclays PLC from $30.00 to $28.00. They now have an “overweight” rating on the stock.
• 7/22/2024 – Fluence Energy had its price target lowered by analysts at Piper Sandler from $18.00 to $16.00. They now have a “neutral” rating on the stock.
• 7/17/2024 – Fluence Energy had its price target lowered by analysts at Bank of America Co. from $29.00 to $28.00. They now have a “buy” rating on the stock.
• 7/16/2024 – Fluence Energy had its price target raised by analysts at JPMorgan Chase & Co. from $25.00 to $28.00. They now have an “overweight” rating on the stock.
• 7/12/2024 – Fluence Energy was upgraded by analysts at Scotiabank to a “hold” rating.
• 7/11/2024 – Fluence Energy is now covered by analysts at Scotiabank. They set a “sector perform” rating and a $21.00 price target on the stock.
• 7/10/2024 – Fluence Energy is now covered by analysts at Truist Financial Co.. They set a “buy” rating and a $25.00 price target on the stock.

Fluence Energy Stock Performance

Shares of FLNC traded up $0.09 on Friday, reaching $18.39. The stock had a trading volume of 149,026 shares, compared to its average volume of 2,361,762. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of -47.15 and a beta of 2.50. The company has a 50-day simple moving average of $17.00 and a 200-day simple moving average of $17.77. Fluence Energy, Inc. has a 12-month low of $12.74 and a 12-month high of $28.14.

Insider Activity

In other news, Director Herman E. Bulls bought 10,000 shares of the stock in a transaction dated Tuesday, August 13th. The stock was bought at an average price of $16.81 per share, for a total transaction of $168,100.00. Following the purchase, the director now directly owns 65,861 shares in the company, valued at approximately $1,107,123.41. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. PARK CIRCLE Co bought a new stake in shares of Fluence Energy in the 2nd quarter worth $28,000. Pflug Koory LLC bought a new stake in shares of Fluence Energy in the 1st quarter worth $35,000. Quarry LP bought a new stake in shares of Fluence Energy in the 4th quarter worth $38,000. Baillie Gifford & Co. bought a new stake in shares of Fluence Energy in the 1st quarter worth $38,000. Finally, GAMMA Investing LLC increased its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 53.16% of the company’s stock.

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.