Fluence Energy (FLNC) Receives a Hold from Piper Sandler
Piper Sandler analyst Kashy Harrison maintained a Hold rating on Fluence Energy (FLNC – Research Report) today and set a price target of $20.00. The company’s shares closed yesterday at $13.07.
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According to TipRanks, Harrison is an analyst with an average return of -14.1% and a 35.86% success rate. Harrison covers the Technology sector, focusing on stocks such as Enphase Energy, First Solar, and Shoals Technologies Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fluence Energy with a $21.93 average price target, which is a 67.79% upside from current levels. In a report released today, BMO Capital also downgraded the stock to a Hold with a $10.00 price target.
Based on Fluence Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.23 billion and a net profit of $47.84 million. In comparison, last year the company earned a revenue of $672.98 million and had a net profit of $3.27 million
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FLNC in relation to earlier this year. Most recently, in December 2024, Herman Bulls, a Director at FLNC bought 10,000.00 shares for a total of $155,600.00.