Fluence Energy (FLNC) has received a new Buy rating, initiated by Mizuho Securities analyst, Maheep Mandloi.
Maheep Mandloi has given his Buy rating due to a combination of factors that highlight Fluence Energy’s strong market position and growth potential. The company is recognized as a leading storage integrator with a significant market share in North America and expanding presence in other regions. Key to this rating is Fluence’s first-mover advantage in domestic sourcing, which could lead to pricing and margin benefits.
Additionally, the demand for battery storage is expected to rise as prices decrease and the need for grid reliability increases. Fluence is well-positioned to benefit from these trends, with potential sales growth and improved gross margins anticipated. Furthermore, the company is poised to capitalize on the growing demand for energy storage solutions driven by AI and renewable energy needs, as well as its successful product offerings in Europe. These factors, combined with a favorable valuation relative to peers, underpin the positive outlook and Buy rating.
Mandloi covers the Technology sector, focusing on stocks such as First Solar, SolarEdge Technologies, and Shoals Technologies Group. According to TipRanks, Mandloi has an average return of -17.1% and a 32.51% success rate on recommended stocks.