Morgan Stanley analyst David Arcaro reiterated a Hold rating on Fluence Energy today and set a price target of $8.00.
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David Arcaro has given his Hold rating due to a combination of factors affecting Fluence Energy’s recent performance. The company reported a revenue miss for the third quarter, with figures falling short of both consensus and Morgan Stanley estimates. This shortfall was primarily attributed to production delays at their new Arizona facility, which have pushed approximately $100 million in deliveries to 2026. Despite these setbacks, Fluence Energy managed to exceed expectations in terms of adjusted gross margins, thanks to effective cost controls and a favorable product mix.
Looking ahead, Fluence Energy has maintained its full-year revenue and adjusted EBITDA guidance, although it now anticipates revenue to be at the lower end of its forecasted range. The company is also showing early signs of demand recovery, with strong bookings reported in July and August. Additionally, Fluence Energy is on track to meet FEOC compliance by year-end. Given these mixed signals, David Arcaro has reiterated a price target of $8 and an Equal-Weight (Hold) rating for the stock.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $7.50 price target.