BofA analyst Julien Dumoulin-Smith upgraded Fluence Energy to Buy from Neutral with a price target of $26, up from $24. The firm is “incrementally comfortable” with an accelerating storage backdrop as recent industry talks with developers affirm rapidly expanding end-markets into 2024, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on FLNC:
- Fluence Wins the Gold Award for Battery Storage Project of the Year at Asian Power Awards 2023
- ‘The Stage Is Set for a Rally’: Canaccord Sees up to 290% Upside for These 3 Stocks
- Fluence Energy price target lowered to $26 from $31 at Barclays
- Fluence Energy initiated with an Underperform at Exane BNP Paribas
- Fluence Energy price target lowered to $22 from $25 at JPMorgan