Why Fluence Energy Shares Are Trading Higher Today

Fluence Energy FLNC shares are trading higher on above-average volume Thursday following an upgrade from Goldman Sachs.

What Happened: Goldman Sachs analyst Brian Lee upgraded Fluence Energy from Neutral to Buy and raised the price target from $25 to $29.

The price target suggests 29% upside from current levels.

Susquehanna analyst Biju Perincheril also initiated coverage on Fluence with a Neutral rating and set a price target of $18.

Fluence Energy's average session volume over a 100-day period is approximately 1.18 million, according to Benzinga Pro. Thursday's trading volume is at 2.36 million (check number) at the time of writing.

FLNC Price Action: Fluence Energy has a 52-week high of $26.78 and a 52-week low of $4.96.

Fluence Energy shares are up 16.9% at $19.01 at the time of writing, according to Benzinga Pro.