Fluence Energy (FLNC) Price Target Raised Despite Mixed Q2 Report

Fluence Energy, Inc. (NASDAQ:FLNC) is included among the 10 Best Clean Energy Stocks to Buy Right Now.

Fluence Energy (FLNC) Price Target Raised Despite Mixed Q2 Report

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Fluence Energy, Inc. (NASDAQ:FLNC) is a global market leader in energy storage products and services, and cloud-based software for renewables and storage assets.

On May 13, Citi raised its price target on Fluence Energy, Inc. (NASDAQ:FLNC) from $15 to $26, but maintained its ‘Neutral’ rating on the shares. The target boost indicates an upside of over 25% from the current price level.

Fluence Energy, Inc. (NASDAQ:FLNC) reported mixed results for its Q2 2026 on May 6, with the company’s loss of $0.12 per share exceeding estimates by $0.06. However, its revenue of almost $465 million fell behind expectations by over $157 million, despite a YoY growth of 7.7%.

Fluence Energy’s net loss was reduced to $29.2 million in the second quarter, down from $41.9 million in the year-ago period. Adjusted EBITDA loss also narrowed to $9.44 million from $30.4 million in the same period last year.

Fluence Energy, Inc. (NASDAQ:FLNC) hit a backlog of approximately $5.6 billion at the end of Q2, a record level for the company. Moreover, the firm revealed that it has signed master supply agreements with two hyperscalers and expects to convert its first order soon.

The company reaffirmed its revenue target in the range of approximately $3.2 billion to $3.6 billion for FY 2026. Meanwhile, adjusted EBITDA for the year is expected at between $40 million and $60 million.

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