JP Morgan Upgrades Fluence Energy (FLNC)

Fintel reports that on February 23, 2024, JP Morgan upgraded their outlook for Fluence Energy (NasdaqGS:FLNC) from Neutral to Overweight .

Analyst Price Forecast Suggests 127.39% Upside

As of January 20, 2024, the average one-year price target for Fluence Energy is 33.48. The forecasts range from a low of 18.18 to a high of $61.95. The average price target represents an increase of 127.39% from its latest reported closing price of 14.72.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Fluence Energy is 2,465MM, an increase of 8.52%. The projected annual non-GAAP EPS is 0.26.

What are Other Shareholders Doing?

FLNC / Fluence Energy, Inc. Shares Held by Institutions

Siemens holds 39,738K shares representing 31.26% ownership of the company. No change in the last quarter.

Siemens Pension Trust E V holds 11,761K shares representing 9.25% ownership of the company. In it's prior filing, the firm reported owning 18,849K shares, representing a decrease of 60.26%.

BNP Paribas Asset Management Holding holds 3,573K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 3,471K shares, representing an increase of 2.86%. The firm decreased its portfolio allocation in FLNC by 50.56% over the last quarter.

Handelsbanken Fonder AB holds 2,880K shares representing 2.27% ownership of the company. In it's prior filing, the firm reported owning 1,173K shares, representing an increase of 59.26%. The firm increased its portfolio allocation in FLNC by 121.08% over the last quarter.

Schroder Investment Management Group holds 2,415K shares representing 1.90% ownership of the company. In it's prior filing, the firm reported owning 2,695K shares, representing a decrease of 11.56%. The firm decreased its portfolio allocation in FLNC by 18.96% over the last quarter.

Fluence Energy Background Information
(This description is provided by the company.)

Fluence, a Siemens and AES company, is theglobal marketleader in energy storage technology, software and services, combining the agility of a technology company with the expertise, vision and financial backing of two well-established and respected industry giants. Building on the pioneering work of AES Energy Storage and Siemens energy storage, the company's goal is to create a more sustainable future by transforming the way Fluence powers its world. Providing design, delivery and integration, Fluence offers proven energy storage technology solutions that address the diverse needs and challenges of customers in a rapidly transforming energy landscape. The company currently has approximately 2.4 gigawatts of projects deployed or awarded across 24 countries and territories worldwide. Fluence topped the Guidehouse's utility-scale energy storage leaderboard in 2020 and its sixth-generation Tech Stack won Commercial Technology of the Year at the 22nd annual S&P Global Platts Global Energy Awards. In 2019, it was named one of Fast Company's Most Innovative Companies.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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