BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $69.65 Million Stock Holdings in Fluence Energy, Inc. (NASDAQ:FLNC)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 7.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,066,890 shares of the company’s stock after selling 254,061 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Fluence Energy were worth $69,649,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Moors & Cabot Inc. acquired a new position in Fluence Energy in the 3rd quarter valued at $404,000. EagleClaw Capital Managment LLC boosted its position in Fluence Energy by 62.0% in the third quarter. EagleClaw Capital Managment LLC now owns 195,175 shares of the company’s stock valued at $4,432,000 after buying an additional 74,700 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Fluence Energy by 39.3% during the third quarter. Advisors Asset Management Inc. now owns 35,948 shares of the company’s stock worth $816,000 after buying an additional 10,144 shares during the last quarter. SCP Investment LP lifted its stake in shares of Fluence Energy by 76.9% in the 3rd quarter. SCP Investment LP now owns 36,800 shares of the company’s stock valued at $836,000 after acquiring an additional 16,000 shares during the last quarter. Finally, Banque Cantonale Vaudoise boosted its holdings in shares of Fluence Energy by 124.4% during the 3rd quarter. Banque Cantonale Vaudoise now owns 58,979 shares of the company’s stock valued at $1,340,000 after acquiring an additional 32,699 shares in the last quarter. 53.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FLNC shares. Bank of America lowered their target price on Fluence Energy from $25.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Jefferies Financial Group began coverage on Fluence Energy in a research report on Wednesday, September 4th. They set a “buy” rating and a $26.00 target price for the company. Truist Financial lifted their target price on Fluence Energy from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Piper Sandler raised their price objective on Fluence Energy from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Guggenheim raised shares of Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Friday, August 9th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fluence Energy has an average rating of “Moderate Buy” and an average target price of $26.63.

Fluence Energy Price Performance

Shares of Fluence Energy stock opened at $21.18 on Friday. The firm has a market cap of $3.82 billion, a PE ratio of -114.26, a P/E/G ratio of 0.70 and a beta of 2.54. Fluence Energy, Inc. has a 1 year low of $12.74 and a 1 year high of $27.80. The stock has a fifty day moving average price of $21.28 and a 200-day moving average price of $19.59.

Fluence Energy Company Profile

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.