Fluence Energy (NASDAQ:FLNC) Price Target Raised to $28.00 at Susquehanna

Fluence Energy (NASDAQ:FLNC) had its price target upped by Susquehanna from $23.00 to $28.00 in a report released on Wednesday, Benzinga reports. They currently have a positive rating on the stock.

FLNC has been the subject of a number of other reports. Bank of America reduced their target price on shares of Fluence Energy from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Guggenheim upgraded Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Friday, August 9th. Citigroup cut Fluence Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $32.00 to $24.00 in a report on Tuesday, October 1st. Barclays decreased their target price on shares of Fluence Energy from $30.00 to $28.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Fluence Energy from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Fluence Energy currently has an average rating of “Moderate Buy” and an average price target of $26.53.

Fluence Energy Stock Performance

Shares of FLNC opened at $21.06 on Wednesday. The stock has a 50 day moving average price of $20.10 and a 200 day moving average price of $18.97. Fluence Energy has a one year low of $12.74 and a one year high of $27.80. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of -54.00, a PEG ratio of 0.75 and a beta of 2.54.

Insider Activity at Fluence Energy

In other news, Director Herman E. Bulls acquired 10,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average cost of $16.81 per share, with a total value of $168,100.00. Following the transaction, the director now owns 65,861 shares in the company, valued at approximately $1,107,123.41. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fluence Energy

Several hedge funds have recently added to or reduced their stakes in FLNC. ProShare Advisors LLC grew its position in shares of 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 buying an additional 830 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Fluence Energy by 3.8% in the 2nd 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. grew its stake in Fluence Energy by 45.3% during the 3rd 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 last quarter. PARK CIRCLE Co acquired a new position in Fluence Energy during the second quarter worth approximately $28,000. Finally, CWM LLC lifted its stake in Fluence Energy by 164.4% in the third quarter. CWM LLC now owns 2,842 shares of the company’s stock valued at $65,000 after buying an additional 1,767 shares during the last quarter. 53.16% of the stock is currently owned by hedge funds and other 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.