Why These Energy Stocks are Gaining This Week

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

Share Price Gains Between Nov. 28 and Dec. 5: 22%

Next on our list of the 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) continued to shoot up despite posting lower-than-expected results for its Q4 on November 24, as the company forecasted its revenue to grow by 50% for FY 2026. Notably, 85% of Fluence’s revenue forecast has already been secured in its backlog, as the company reported a record $1.4 billion of orders in the fourth quarter, bringing its total backlog to $5.3 billion as of September 30.

Fluence Energy, Inc. (NASDAQ:FLNC) further received a boost on December 3 when Citi significantly raised its price target on the stock from $7.50 to $20, while maintaining a ‘Neutral’ rating on its shares. Then on December 4, UBS also upped its price target on FLNC from $8 to $22, while keeping its ‘Neutral’ rating.

Similarly, analysts at Jefferies, RBC Capital, Susquehanna, Barclays, Canaccord, Goldman Sachs, and Morgan Stanley have also recently raised their price targets on Fluence Energy, Inc. (NASDAQ:FLNC), significantly contributing to the bullish sentiment around the stock.