Roth Capital upgraded Fluence Energy (FLNC) to Buy from Neutral with a price target of $26, up from $13. The company reported a fiscal Q2 EBITDA beat despite a revenue miss, as gross margins rebounded from Q1 levels, the analyst tells investors in a research note. The firm says Fluence highlighted significant commercial momentum, with orders up more than two-times year-to-date. Roth sees further share upside driven by Fluence’s strengthening order flow, expanding growth opportunities, and improving profitability.
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