Wolfe Research analyst Steve Fleishman upgraded Fluence Energy to Outperform from Peer Perform with a $25 price target. The analyst says a "string of positive data points" suggests the company’s new CEO "has righted the ship." The firm sees a gradual shift to higher-margin projects throughout the remainder of fiscal 2023 and positive progress on the re-tooling of Digital as upside catalysts for the shares. Fluence is well positioned in an area that is poised for significant growth – battery storage, writes Wolfe.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on FLNC:
- Fluence Energy upgraded to Buy at Guggenheim after management meetings
- Fluence Energy upgraded to Buy from Neutral at Guggenheim
- Fluence Energy to participate in a conference call with Seaport Research
- Fluence completes 570 MW battery-based energy storage portfolio contributing to SMC Global Power’s 1,000 MW Battery Storage Fleet Inauguration in the Philippines
- Fluence Energy assumed with an Equal Weight at Morgan Stanley