Citi Raises Price Target for Fluence Energy Despite Mixed Q2 Results
Fluence Energy (FLNC) reported mixed second-quarter results with a reduced net loss but revenue below expectations. Citi raised its price target from $15 to $26 while maintaining a 'Neutral' rating, indicating potential upside of over 25%. The company also revealed a record backlog and signed supply agreements with two hyperscalers.
Tickers: $FLNC
Topics: clean energy stocks energy storage price target upgrade