Fluence Energy ( (FLNC) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Fluence Energy’s stock has been on a rollercoaster ride recently. The volatility was sparked by BNP Paribas Exane downgrading the stock to ‘Underperform’ due to high short interest and market concerns. However, JPMorgan countered with a raised price target, citing positive developments such as the Winchester project. This led to a 14% stock rise, fueled by bullish call volume. The mixed sentiment highlights a tug-of-war between investor optimism and market apprehensions.
More about Fluence Energy
YTD Price Performance: -3.84%
Average Trading Volume: 6,245,067
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.37B
For further insights into FLNC stock on TipRanks’ Stock Analysis page.
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