Why These Energy Stocks are Gaining This Week

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

Share Price Gains Between Jan. 22 – Jan. 29: 15.77%

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

On January 28, Roth Capital raised its price target on Fluence Energy, Inc. (NASDAQ:FLNC) from $17 to $26, while maintaining a ‘Neutral’ rating on the shares. The update precedes Fluence’s Q1 results, with the analyst expecting an update on progress on the company’s domestic manufacturing ramp, which contributed to delivery delays in Q4 2025. Roth also highlighted the company’s backlog, which was bolstered by strong order activity in Q4 and provides high revenue visibility in the ongoing year. While the demand remains favorable, Roth cautioned that Fluence has not yet announced a resolution to the FEOC-related constraints, which could impact its access to supplies from AESC.

Similarly, earlier on January 26, Morgan Stanley also nudged up its price target on Fluence Energy, Inc. (NASDAQ:FLNC) from $14 to $16, while keeping an ‘Equal Weight’ rating on the shares. The revision comes as the analyst firm expects data center leads and the pipeline to shoot beyond the 30 GWh level in the quarter.