Why These Energy Stocks are Gaining This Week

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1. Fluence Energy, Inc. (NASDAQ:FLNC

Share Price Gains Between Oct. 10 and Oct. 17: 39.99%

Topping our list of Energy Stocks that Gained This Week is Fluence Energy, Inc. (NASDAQ:FLNC), a global market leader delivering intelligent energy storage and optimization software for renewables and storage.

Fluence Energy, Inc. (NASDAQ:FLNC) garnered increased positive attention from analysts this week after Susquehanna significantly raised the stock’s price target from $9 to $17, while keeping a ‘Positive’ rating on the shares. With Q3 reports approaching, the analyst is ‘incrementally more bullish’ on the alternative energy industry due to favorable policy developments that preserve tax credits and other key provisions of the Inflation Reduction Act.

Moreover, on October 16, JPMorgan also raised its price target on Fluence Energy, Inc. (NASDAQ:FLNC) from $9 to $10 and maintained a ‘Neutral’ rating on the shares. The analyst increased targets in the clean energy sector ahead of the coming Q3 reports and noted that the utility-scale operators remain best positioned, while residential players are likely more mixed.

Another boost for Fluence Energy, Inc. (NASDAQ:FLNC) came in the form of the Winchester project, which the company announced together with Torch Clean Energy this week. The solar-plus-storage facility will use Fluence’s advanced Gridstack Pro 5000 energy storage solution, with delivery anticipated in early 2027.

While we acknowledge the potential of FLNC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FLNC and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Best Nuclear Power Dividend Stocks to Buy Now and 12 Best LNG Stocks to Buy According to Hedge Funds.

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