As previously reported, Guggenheim analyst Joseph Osha upgraded Fluence Energy to Buy from Neutral with a $25 price target following several meetings with the management team. The series of meetings has improved the firm’s confidence in Fluence’s competitive position and although the firm notes that it revised estimates are not "very far from consensus expectations as measured by Visible Alpha," it attributes its changed stance as "a function more of a more optimistic valuation outlook."
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