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RBC Capital Keeps a Buy Rating on Fluence Energy (FLNC)

In a report issued on July 19, Shelby Tucker from RBC Capital maintained a Buy rating on Fluence Energy (FLNCResearch Report), with a price target of $18.00. The company’s shares closed last Wednesday at $11.05.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 9.7% and a 69.6% success rate. Tucker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power.

Currently, the analyst consensus on Fluence Energy is a Moderate Buy with an average price target of $18.36, implying a 70.3% upside from current levels. In a report issued on July 13, Canaccord Genuity also initiated coverage with a Buy rating on the stock with a $16.00 price target.

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The company has a one-year high of $39.40 and a one-year low of $4.96. Currently, Fluence Energy has an average volume of 1.42M.

Based on the recent corporate insider activity of 20 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 Inc is enabling the global clean energy transition with market- leading energy storage products and services, and digital applications for renewables and storage.

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