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Fluence Energy price target raised to $40 from $29 at Guggenheim

Guggenheim analyst Joseph Osha raised the firm’s price target on Fluence Energy to $40 from $29 and keeps a Buy rating on the shares. The firm points to its “above-consensus” estimates for FY24 and FY25 and would still be buyers of Fluence as it argues longer-term consensus estimates are “too low.”

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