Jefferies upgrades Fluence to Hold with setup looking ‘increasingly better’

As previously reported, Jefferies upgraded Fluence Energy (FLNC) to Hold from Underperform with a price target of $16, up from $11. Fluence delivered a “mixed” fiscal Q4, but the setup for FY26 and beyond is “looking increasingly better” as the company gets closer to AESC resolution and sees early signs of a U.S. recovery, the analyst tells investors. The firm expects incremental improvement from here and sees data centers as a “tangible,” near-term opportunity, the analyst added.