5 Best Undervalued Energy Stocks To Buy According to Analysts

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In this article, we discuss the 5 best undervalued energy stocks to buy according to analysts. To read the detailed analysis of the energy industry, go directly to the 12 Best Undervalued Energy Stocks To Buy According to Analysts.

5. Fluence Energy, Inc. (NASDAQ:FLNC)

Average analyst price target as of Oct 23: $32.21

Average analyst price target upside: 79.19%

Fluence Energy, Inc. (NASDAQ:FLNC) is a provider of cloud-based software for renewable energy and its storage along with energy storage products and related services. The company offers its services in the US, Australia, the Philippines, Singapore, and Germany.

In the second quarter, the number of hedge funds with a stake in Fluence Energy, Inc. (NASDAQ:FLNC) increased to 19 at a combined stake value of $146.773 million from 13 in the previous quarter with a stake worth $122.270 million.

On August 31, Fluence Energy, Inc. (NASDAQ:FLNC) announced that its subsidiary, Fluence Energy UK Ltd. will be providing a battery-based energy storage project to Statkraft. While this will mark Fluence Energy, Inc. (NASDAQ:FLNC)’s third project in collaboration with Statkraft across the U.K. and Ireland’s markets, the company has completed 27 projects in total across these markets over the years.

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