Piper Sandler Forecasts Strong Price Appreciation for Fluence Energy (NASDAQ:FLNC) Stock

Fluence Energy (NASDAQ:FLNC) had its target price boosted by stock analysts at Piper Sandler from $18.00 to $20.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 8.87% from the company’s current price.

FLNC has been the topic of several other reports. BNP Paribas raised Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 target price on the stock in a report on Friday, November 8th. Susquehanna lifted their price objective on Fluence Energy from $23.00 to $28.00 and gave the stock a “positive” rating in a research note on Wednesday, October 16th. BMO Capital Markets increased their target price on Fluence Energy from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Jefferies Financial Group started coverage on shares of Fluence Energy in a report on Wednesday, September 4th. They issued a “buy” rating and a $26.00 target price for the company. Finally, Truist Financial upped their price target on shares of Fluence Energy from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Fluence Energy currently has an average rating of “Moderate Buy” and an average price target of $26.47.

Fluence Energy Stock Performance

FLNC opened at $18.37 on Wednesday. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 141.31, a PEG ratio of 0.79 and a beta of 2.54. The company has a fifty day moving average of $21.20 and a 200 day moving average of $19.64. Fluence Energy has a fifty-two week low of $12.74 and a fifty-two week high of $27.80.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC grew its stake in Fluence Energy by 3.8% in the 2nd quarter. Hsbc Holdings PLC now owns 24,250 shares of the company’s stock worth $420,000 after acquiring an additional 897 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Fluence Energy by 676.6% in the third quarter. US Bancorp DE now owns 1,693 shares of the company’s stock valued at $38,000 after purchasing an additional 1,475 shares during the period. Blue Trust Inc. grew its stake in Fluence Energy by 45.3% in the third quarter. Blue Trust Inc. now owns 4,821 shares of the company’s stock worth $109,000 after purchasing an additional 1,502 shares in the last quarter. PARK CIRCLE Co purchased a new position in Fluence Energy during the 2nd quarter worth $28,000. Finally, CWM LLC raised its position in Fluence Energy by 164.4% during the 3rd quarter. CWM LLC now owns 2,842 shares of the company’s stock valued at $65,000 after purchasing an additional 1,767 shares in the last quarter. Hedge funds and other institutional investors own 53.16% of the company’s stock.

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.