Why These Energy Stocks are Gaining This Week

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

Share Price Gains Between July 15 – July 22: 22.72%

Fluence Energy, Inc. (NASDAQ:FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage.

Fluence Energy, Inc. (NASDAQ:FLNC) managed to garner a positive outlook from a number of analysts over the last week, leading to rising investor confidence and a sharp uptick in the company’s share price. It was revealed last week that Barclays analyst Christine Cho has almost doubled the firm’s price target for FLNC from $5 to $9, while maintaining an ‘Equal Weight’ rating on its shares.

Similarly, JPMorgan also raised its price target for Fluence Energy, Inc. (NASDAQ:FLNC) from $5 to $8, while reiterating a ‘Neutral’ rating. Moreover, the analysts at Susquehanna also raised FLNC’s price target from $6 to $11, while keeping a ‘Positive’ rating on its shares.

Fluence Energy, Inc. (NASDAQ:FLNC) also received a boost following the announcement that it had been selected by VERBUND to build two large-scale battery-based storage systems in Germany that will achieve a total output of over 92 MW and a storage capacity of 186 MWh.