As previously reported, Susquehanna analyst Biju Perincheril initiated coverage of Fluence Energy with a Neutral rating and $18 price target. Fluence is a leading global provider of energy storage products and the firm thinks energy storage demand is "on the cusp of significant growth worldwide," with Fluence being well-positioned to capitalize on the industry’s growth. However, its Neutral rating "comes down to valuation" and its EBITDA estimates going out to 2025 are below consensus, the analyst tells investors.
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Published first on TheFly
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