Fluence Energy (FLNC) Gains 22% as 7 Analysts Grow Bullish

We recently published 10 Stocks Sparking Massive Fortunes. Fluence Energy, Inc. (NASDAQ:FLNC) is one of the best performers on Friday.

Fluence Energy grew its share prices by 22 percent week-on-week, as investors took heart from bullish coverage from seven investment companies.

Late last week, UBS in its market report raised its price target for Fluence Energy, Inc. (NASDAQ:FLNC) by 175 percent to $22 from $8 previously, while reaffirming its “neutral” stance.

The upgrade was based on the company’s relatively high growth rate as compared with its peers, alongside higher visibility to gross margin improvements.

Likewise, Fluence Energy, Inc. (NASDAQ:FLNC) earned a 167 percent higher price target of $20 from Citigroup, versus $7.50 previously.

Apart from UBS and Citigroup, the company also received bullish ratings from Jefferies, Goldman Sachs, Susquehanna, Morgan Stanley, and Canaccord, with the latter being the most bullish, having raised its price target by 150 percent to $25 from $10 previously, while maintaining its “buy” recommendation.

Jefferies, on the other hand, upgraded its price target by 45 percent to $16 from $11, while Goldman Sachs raised its own target by 33 percent to $20 from $15.

Susquehanna upgraded the energy firm by 17.6 percent to $20 from $17, while Morgan Stanley gave a 16.7 percent higher price target of $14, versus $12 earlier.

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Disclosure: None. This article is originally published at Insider Monkey.