Fluence Energy's stock surged Wednesday after BofA upgraded the energy-storage-services company, saying near-term opportunities balance out longer-term risks.
Shares of Fluence Energy Inc. charged higher Wednesday after BofA Securities turned neutral on the energy-storage-products and -services company, saying near-term opportunities now balance out longer-term risks. The change followed a bearish 15 months for BofA.
Analyst Julien Dumoulin-Smith raised his rating to neutral after being at underperform since February 2022. He raised his stock-price target by 86%, to $26 from $14. The company also boosted its full-year revenue guidance range to $1.85 billion-$2 billion from $1.6 billion-$1.8 billion.
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