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Exane BNP Paribas analysts upgrades a Neutral rating for Fluence Energy Inc (FLNC)

Fluence Energy Inc’s filing revealed that its Director BULLS HERMAN E acquired Company’s shares for reported $0.17 million on Aug 13 ’24. In the deal valued at $16.81 per share,10,000 shares were bought. As a result of this transaction, BULLS HERMAN E now holds 65,861 shares worth roughly $1.13 million.

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Then, Zahurancik John sold 25,000 shares, generating $605,500 in total proceeds. Upon selling the shares at $24.22, the SVP and President, Americas now owns 96,005 shares.

Before that, Pasha Ahmed bought 3,300 shares. Fluence Energy Inc shares valued at $50,160 were divested by the SVP & Chief Financial Officer at a price of $15.20 per share. As a result of the transaction, Pasha Ahmed now holds 3,300 shares, worth roughly $56661.00000000001.

Exane BNP Paribas upgraded its Fluence Energy Inc [FLNC] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Neutral”. Jefferies began covering FLNC with “Buy” recommendation on September 04, 2024. Guggenheim revised its rating on August 09, 2024. It rated FLNC as “a Buy” which previously was an “a Neutral”.

Price Performance Review of FLNC

On Friday, Fluence Energy Inc [NASDAQ:FLNC] saw its stock jump 0.59% to $17.17. Over the last five days, the stock has gained 1.48%. Fluence Energy Inc shares have fallen nearly -28.01% since the year began. Nevertheless, the stocks have fallen -25.22% over the past one year. While a 52-week high of $27.39 was reached on 05/31/24, a 52-week low of $12.74 was recorded on 08/05/24. SMA at 50 days reached $20.22, while 200 days put it at $18.73.

Levels Of Support And Resistance For FLNC Stock

The 24-hour chart illustrates a support level at 16.73, which if violated will result in even more drops to 16.28. On the upside, there is a resistance level at 17.62. A further resistance level may holdings at 18.06. The Relative Strength Index (RSI) on the 14-day chart is 41.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.99%. Stochastics %K at 14.58% indicates the stock is a buying.

How much short interest is there in Fluence Energy Inc?

A steep rise in short interest was recorded in Fluence Energy Inc stocks on 2024-10-31, growing by 37501.0 shares to a total of 11.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.0 million shares. There was a rise of 0.34%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on July 12, 2024 when Scotiabank began covering the stock and recommended ‘”a Sector perform”‘ rating along with a $21 price target.

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