Fluence Energy price target raised to $27 from $22 at Baird

Baird analyst George Gianarikas raised the firm’s price target on Fluence Energy to $27 from $22 and keeps an Outperform rating on the shares. The analyst noted they announced that it would begin developing its own battery packs in-house to navigate supply chain challenges. He is encouraged by cost pressures showing signs of improvement which remove some overhang entering 2023.