BofA analyst Dimple Gosai raised the firm’s price target on Fluence Energy (FLNC) to $25 from $17 and keeps a Neutral rating on the shares on a revised valuation methodology after the company cited greater than 30GWh in data-center leads and about 80% of this materialized in just two months. The firm forecasts U.S. Battery Energy Storage System deployments rising from 54GWh in 2025 to 88GWh in 2030 as hyperscalers are moving quickly from “evaluating” to “engineering in” BESS for firming, load flexibility, and diesel-replacement, the analyst noted.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLNC:
- Fluence Energy downgraded to Hold from Buy at Johnson Rice
- Video: Confluent surges after IBM takeover deal
- Fluence Energy downgraded to Underperform from Neutral at Mizuho
- Fluence Energy price target raised to $22 from $8 at UBS
- Hold Rating on Fluence Energy Amid Profitability Focus and Production Challenges