Fluence Energy selloff a buying opportunity, says Seaport Research

Seaport Research analyst Tom Curran views the drop in Fluence Energy shares yesterday largely on sympathy with the new energy group selloff, as a buying opportunity. The flow of project announcements and policy developments, studies and other data points that reinforce a robust outlook for large-scale energy storage investment has continued unabated into 2024, the analyst tells investors in a research note. The firm keeps a Buy rating on Fluence Energy with a $38 price target.