Fluence Energy, a leading provider of energy storage products and solutions, has seen its target price increased by BMO Capital Markets. In a recent report, BMO Capital Markets raised the target price for Fluence Energy from $24.00 to $25.00, while maintaining an “outperform” rating on the stock. This new target price suggests a potential upside of 17.37% from the company’s previous close.
Several other brokerages have also issued reports on Fluence Energy. Susquehanna reduced their target price from $24.00 to $23.00 and maintained a “positive” rating on the stock. Robert W. Baird lowered their target price from $34.00 to $27.00 and maintained an “outperform” rating. Royal Bank of Canada upgraded Fluence Energy to a “moderate buy” rating. Piper Sandler lowered their price objective from $18.00 to $16.00 and set a “neutral” rating. Barclays reduced their target price from $30.00 to $28.00 and maintained an “overweight” rating.
Director Herman E. Bulls recently acquired 10,000 shares of Fluence Energy stock, purchasing them at an average price of $16.81 per share. This acquisition increased his ownership of the stock by 0.00%. Bulls now holds 65,861 shares in the company, valued at $1,107,123.41.
Institutional investors have also shown interest in Fluence Energy. Jupiter Asset Management Ltd. acquired a stake in the company valued at approximately $3,247,000. SG Americas Securities LLC also acquired a stake worth around $4,082,000. Quadrature Capital Ltd purchased a stake worth $1,136,000. Vanguard Group Inc. raised its holdings in Fluence Energy by 41.0%, now owning 5,521,379 shares worth $131,685,000. Clearbridge Investments LLC increased its stake by 1.6%, now owning 1,500,841 shares valued at $26,025,000.
Fluence Energy, through its subsidiaries, offers energy storage products and solutions, services, and artificial intelligence-enabled software-as-a-service products for renewables and storage applications globally.