RBC Capital raised the firm’s price target on Fluence Energy to $32 from $26 and keeps an Outperform rating on the shares. The company is on track to achieve its recently revised 2023 guidance, while better execution has reduced timelines, leading to faster project turnover, the analyst tells investors in a research note. Stronger pricing power is allowing Fluence Energy to grow gross margins more quickly than previously expected, the firm added.
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Published first on TheFly
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