Fluence Energy Jumps After Seven Brokers Lift Targets, Led by UBS and Citi
Upgrades reflect clearer growth visibility alongside improving margins, according to the new research.
Overview
- Shares rose about 17% Thursday to $23.34 after UBS lifted its target to $22 from $8 and Citigroup increased its target to $20 from $7.50.
- For the week, the stock gained roughly 22% as seven firms issued bullish calls or higher targets.
- Canaccord set the highest target at $25, with Jefferies moving to $16, Goldman Sachs to $20, Susquehanna to $20, and Morgan Stanley to $14.
- UBS maintained a neutral rating but highlighted a faster growth rate than peers plus greater visibility on gross margin improvement.
- Bullish analysis also ties Fluence to expected utility-scale storage demand from AI data centers and expanding renewables, a thesis based on forecasts rather than confirmed outcomes.