RBC Capital raised the firm’s price target on Fluence Energy (FLNC) to $10 from $9 and keeps a Sector Perform rating on the shares. The company delivered a solid Q4 and FY26 outlook despite some revenue push to FY26 in the quarter, while investor focus is shifting to execution with datacenters and continued backlog growth to support the current valuations, the analyst tells investors in a research note.
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Read More on FLNC:
- Jefferies upgrades Fluence to Hold with setup looking ‘increasingly better’
- Fluence Energy upgraded to Hold from Underperform at Jefferies
- Fluence Energy price target raised to $20 from $17 at Susquehanna
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