Canaccord raised the firm’s price target on Fluence Energy (FLNC) to $25 from $10 and keeps a Buy rating on the shares. The firm said they sees a shift in the company’s paradigm ahead with Fluence beginning to see robust demand from data center operators, who are seeking solutions to power their AI-driven facilities and manage the volatility caused by AI workloads along with blooming EBITDA, free cash flow and earnings.
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