Susquehanna raised the firm’s price target on Fluence Energy (FLNC) to $11 from $6 and keeps a Positive rating on the shares. The firm updated alternative energy estimates and targets ahead of the Q2 reports. Susquehanna remains cautious on the group due to uncertainty around tariffs and the repeal of subsidy provisions of the Inflation Reduction Act. Given policy and market headwinds, the firm likes companies with a domestic manufacturing presence and “robust backlogs” like First Solar (FSLR) and GE Vernova (GEV).
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLNC:
- Fluence Energy price target raised to $9 from $5 at Barclays
- Fluence Energy downgraded to Neutral from Outperform at Mizuho
- AES, NextEra may be most impacted by new executive order, says Morgan Stanley
- Excise tax dropped in Senate bill negative for First Solar, says Mizuho
- Charged: Tesla completes first fully autonomous Model Y delivery