Fluence Energy price target raised to $17 from $7 at Roth Capital

Roth Capital raised the firm’s price target on Fluence Energy (FLNC) to $17 from $7 and keeps a Neutral rating on the shares. Ahead of its Q4 results, the company has announced several major project awards, including Europe’s largest battery energy storage project to date, and these wins highlight Fluence’s strong execution capabilities, proven track record in delivering large-scale systems, and continued bankability with customers and financiers, the analyst tells investors in a research note.