In a report released today, Christine Cho CFA from Barclays maintained a Buy rating on Fluence Energy (FLNC – Research Report), with a price target of $31.00. The company’s shares closed yesterday at $15.98.
According to TipRanks, Cho CFA is an analyst with an average return of -0.6% and a 47.81% success rate.
In addition to Barclays, Fluence Energy also received a Buy from Raymond James’s Pavel Molchanov in a report issued on April 3. However, on April 11, Piper Sandler maintained a Hold rating on Fluence Energy (NASDAQ: FLNC).
Based on Fluence Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $363.96 million and a GAAP net loss of $16.74 million. In comparison, last year the company earned a revenue of $310.46 million and had a GAAP net loss of $24.64 million
Based on the recent corporate insider activity of 14 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Fluence Energy (FLNC) Company Description:
Fluence Energy Inc is enabling the global clean energy transition with market- leading energy storage products and services, and digital applications for renewables and storage.
Read More on FLNC:
- Fluence selected by ENGIE to deliver battery-based energy storage project
- Fluence and ENGIE’s latest storage project will expand critical energy hub in the Netherlands
- Fluence Energy price target lowered to $20 from $25 at Piper Sandler
- There’s an Opportunity Brewing in These 2 Clean Tech Stocks, Says Raymond James
- Fluence Energy upgraded to Outperform from Market Perform at Raymond James
