As previously reported, Guggenheim upgraded Fluence Energy (FLNC) to Neutral from Sell with no price target following a recent talk with CEO focused on plans for continuing growth and improving profitability. The stock has declined 51% since February 3, which combined with the firm’s “marginally more positive assessment” of the company’s competitive prospects, leads it to see valuation as “back to a level that we regard as reasonable,” the analyst tells investors.
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