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Initiation
Fluence Energy initiated with Buy, $47 target at Seaport Global » 06:43
11/23/21
11/23
06:43
11/23/21
06:43
FLNC

Fluence Energy

$36.52 /

+0.52 (+1.44%)

Seaport Global analyst…

Seaport Global analyst Tom Curran initiated coverage of Fluence Energy with a Buy rating and $47 price target. As a co-leader of the non-residential energy storage solution market, Fluence "should win a slowly rising share" of annual system installations over the next few years, Curran tells investors in a research note. The analyst likes the company's battery- and vendor-agnostic approach and strategic relationships.

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FLNC Fluence Energy
$36.52 /

+0.52 (+1.44%)

11/23/21 Seaport Global
Fluence Energy initiated with a Buy at Seaport Global
11/22/21 Evercore ISI
Evercore starts 'must-own' Fluence Energy at OutperformAES Corp. Siemens
11/22/21 Credit Suisse
Credit Suisse bullish on Fluence Energy, initiates with an Outperform
11/22/21 UBS
Fluence Energy initiated with a Buy at UBS
  • 28
    Oct
FLNC Fluence Energy
$36.52 /

+0.52 (+1.44%)

Initiation
Fluence Energy initiated with a Buy at Seaport Global » 06:31
11/23/21
11/23
06:31
11/23/21
06:31
FLNC

Fluence Energy

$36.52 /

+0.52 (+1.44%)

Seaport Global analyst…

Seaport Global analyst Tom Curran initiated coverage of Fluence Energy with a Buy rating and $47 price target.

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FLNC Fluence Energy
$36.52 /

+0.52 (+1.44%)

11/22/21 Evercore ISI
Evercore starts 'must-own' Fluence Energy at OutperformAES Corp. Siemens
11/22/21 Credit Suisse
Credit Suisse bullish on Fluence Energy, initiates with an Outperform
11/22/21 UBS
Fluence Energy initiated with a Buy at UBS
11/22/21 Morgan Stanley
Fluence Energy initiated with an Equal Weight at Morgan Stanley
  • 28
    Oct
FLNC Fluence Energy
$36.52 /

+0.52 (+1.44%)

Over a week ago
Initiation
Evercore starts 'must-own' Fluence Energy at OutperformAES Corp. Siemens » 08:21
11/22/21
11/22
08:21
11/22/21
08:21
FLNC

Fluence Energy

$35.85 /

+0.95 (+2.72%)

, AES

AES Corp.

$24.58 /

+0.12 (+0.49%)

, SIEGY

Siemens

$87.32 /

-0.64 (-0.73%)

Evercore ISI analyst…

Evercore ISI analyst James West initiated coverage of Fluence Energy (FLNC) with an Outperform rating and $47 price target, stating that he views the stock as one of the "must-owns" in the energy storage sector. The company is backed by industrial and utility market leadership via its sponsorship from Siemens AG (SIEGY) and AES (AES) and has grown quickly to become "one of the top energy storage providers" despite competitive threats and supply chain risk, said West.

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SIEGY Siemens
$87.32 /

-0.64 (-0.73%)

AES AES Corp.
$24.58 /

+0.12 (+0.49%)

FLNC Fluence Energy
$35.85 /

+0.95 (+2.72%)

11/22/21 Credit Suisse
Credit Suisse bullish on Fluence Energy, initiates with an Outperform
11/22/21 UBS
Fluence Energy initiated with a Buy at UBS
11/22/21 Morgan Stanley
Fluence Energy initiated with an Equal Weight at Morgan Stanley
11/22/21 Wolfe Research
Fluence Energy initiated with a Peer Perform at Wolfe Research
AES AES Corp.
$24.58 /

+0.12 (+0.49%)

11/11/21 Morgan Stanley
Commerce rejection negative for First Solar, Maxeon, says Morgan Stanley
08/06/21 Wolfe Research
AES Corp. upgraded to Outperform from Peer Perform at Wolfe Research
06/21/21 Susquehanna
AES Corp. initiated with a Positive at Susquehanna
01/11/21 BofA
BofA US 1 List changes
SIEGY Siemens
$87.32 /

-0.64 (-0.73%)

11/15/21 Barclays
Siemens price target raised to EUR 130 from EUR 125 at Barclays
11/12/21 Credit Suisse
Siemens price target raised to EUR 180 from EUR 171 at Credit Suisse
11/12/21 Morgan Stanley
Siemens price target raised to EUR 170 from EUR 160 at Morgan Stanley
11/12/21 JPMorgan
Siemens price target raised to EUR 190 from EUR 182 at JPMorgan
AES AES Corp.
$24.58 /

+0.12 (+0.49%)

  • 28
    Oct
SIEGY Siemens
$87.32 /

-0.64 (-0.73%)

FLNC Fluence Energy
$35.85 /

+0.95 (+2.72%)

AES AES Corp.
$24.58 /

+0.12 (+0.49%)

Initiation
Credit Suisse bullish on Fluence Energy, initiates with an Outperform » 08:06
11/22/21
11/22
08:06
11/22/21
08:06
FLNC

Fluence Energy

$35.85 /

+0.95 (+2.72%)

As previously reported,…

As previously reported, Credit Suisse analyst Maheep Mandloi initiated coverage of Fluence Energy with an Outperform rating and $50 price target. The analyst believes the core hardware business will likely get commoditized, but Fluence benefits from a growing battery storage market that needs to improve renewable and grid reliability, with upside potential from possible energy storage incentives in the reconciliation bill, a capital-light business model, strong sponsor support, and a rapidly growing higher margin service and software business.

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FLNC Fluence Energy
$35.85 /

+0.95 (+2.72%)

11/22/21 UBS
Fluence Energy initiated with a Buy at UBS
11/22/21 Morgan Stanley
Fluence Energy initiated with an Equal Weight at Morgan Stanley
11/22/21 Wolfe Research
Fluence Energy initiated with a Peer Perform at Wolfe Research
11/22/21 UBS
Fluence Energy initiated with a Buy at UBS
  • 28
    Oct
FLNC Fluence Energy
$35.85 /

+0.95 (+2.72%)

Initiation
Fluence Energy initiated with a Buy at UBS » 07:55
11/22/21
11/22
07:55
11/22/21
07:55
FLNC

Fluence Energy

$35.85 /

+0.95 (+2.72%)

UBS analyst Jon Windham…

UBS analyst Jon Windham initiated coverage of Fluence Energy (FLNC) with a Buy rating and $47 price target. Fluence Energy has several advantages that will enable it to maintain market leadership, including the ability to leverage its early market share lead to be seen as a dependable and bankable counterparty, and leveraging the organizational scale of parent companies AES (AES) and Siemens (SIEGY), which may be difficult for competitors to replicate, Windham tells investors in a research note. The analyst expects long-term margin expansion to be driven by increasing storage deployment volumes and the creation of a large installed base for higher-margin services and software revenue.

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FLNC Fluence Energy
$35.85 /

+0.95 (+2.72%)

11/22/21 Morgan Stanley
Fluence Energy initiated with an Equal Weight at Morgan Stanley
11/22/21 Wolfe Research
Fluence Energy initiated with a Peer Perform at Wolfe Research
11/22/21 UBS
Fluence Energy initiated with a Buy at UBS
11/22/21 Raymond James
Fluence Energy initiated with a Market Perform at Raymond James
  • 28
    Oct
FLNC Fluence Energy
$35.85 /

+0.95 (+2.72%)

Initiation
Fluence Energy initiated with an Equal Weight at Morgan Stanley » 06:59
11/22/21
11/22
06:59
11/22/21
06:59
FLNC

Fluence Energy

$35.85 /

+0.95 (+2.72%)

Morgan Stanley analyst…

Morgan Stanley analyst Stephen Byrd initiated coverage of Fluence Energy with an Equal Weight rating and $39 price target. He sees a long runway of growth for Fluence as "a leader in large-scale energy storage" as market adoption accelerates. However, he sees the current outlook - with potential upside from federal legislation and downside from cost inflation - as balanced at current levels, Byrd tells investors.

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FLNC Fluence Energy
$35.85 /

+0.95 (+2.72%)

11/22/21 Wolfe Research
Fluence Energy initiated with a Peer Perform at Wolfe Research
11/22/21 UBS
Fluence Energy initiated with a Buy at UBS
11/22/21 Raymond James
Fluence Energy initiated with a Market Perform at Raymond James
11/22/21 Evercore ISI
Fluence Energy initiated with an Outperform at Evercore ISI
  • 28
    Oct
FLNC Fluence Energy
$35.85 /

+0.95 (+2.72%)

Initiation
Fluence Energy initiated with a Peer Perform at Wolfe Research » 06:42
11/22/21
11/22
06:42
11/22/21
06:42
FLNC

Fluence Energy

$35.85 /

+0.95 (+2.72%)

Wolfe Research analyst…

Wolfe Research analyst Steve Fleishman initiated coverage of Fluence Energy with a Peer Perform rating and $40 price target. While Fluence is well positioned in an area he sees poised for significant growth, he worries that the company competes on battery hardware with its Fluence Cube and he is skeptical that the company can achieve dramatic improvement for margins in the products segment. Following the IPO run-up, Fleishman would wait for a better entry point, he added.

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FLNC Fluence Energy
$35.85 /

+0.95 (+2.72%)

11/22/21 UBS
Fluence Energy initiated with a Buy at UBS
11/22/21 Raymond James
Fluence Energy initiated with a Market Perform at Raymond James
11/22/21 Evercore ISI
Fluence Energy initiated with an Outperform at Evercore ISI
11/22/21 RBC Capital
Fluence Energy initiated with an Outperform at RBC Capital
  • 28
    Oct
FLNC Fluence Energy
$35.85 /

+0.95 (+2.72%)

Initiation
Fluence Energy initiated with a Buy at UBS » 06:41
11/22/21
11/22
06:41
11/22/21
06:41
FLNC

Fluence Energy

/

+

UBS analyst Jon Windham…

UBS analyst Jon Windham initiated coverage of Fluence Energy with a Buy rating and $47 price target.

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FLNC Fluence Energy
/

+

11/22/21 Raymond James
Fluence Energy initiated with a Market Perform at Raymond James
11/22/21 Evercore ISI
Fluence Energy initiated with an Outperform at Evercore ISI
11/22/21 RBC Capital
Fluence Energy initiated with an Outperform at RBC Capital
11/22/21 Raymond James
Fluence Energy initiated with a Market Perform at Raymond James
  • 28
    Oct
FLNC Fluence Energy
/

+

Initiation
Fluence Energy initiated with a Market Perform at Raymond James » 06:36
11/22/21
11/22
06:36
11/22/21
06:36
FLNC

Fluence Energy

$35.85 /

+0.95 (+2.72%)

Raymond James analyst…

Raymond James analyst Pavel Molchanov initiated coverage of Fluence Energy with a Market Perform rating without a price target. As a leading provider of storage solutions, Fluence is riding the wave of storage becoming mainstream, and by avoiding in-house manufacturing, Fluence has a low-capital-intensity business model and directly benefits from commoditization of batteries, Molchanov tells investors in a research note. While the analyst is a fan of the underlying theme and fundamentals, Molchanov is kept on the sidelines by the stock's post-IPO valuation.

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FLNC Fluence Energy
$35.85 /

+0.95 (+2.72%)

11/22/21 Evercore ISI
Fluence Energy initiated with an Outperform at Evercore ISI
11/22/21 RBC Capital
Fluence Energy initiated with an Outperform at RBC Capital
11/22/21 Raymond James
Fluence Energy initiated with a Market Perform at Raymond James
11/22/21 Credit Suisse
Fluence Energy initiated with an Outperform at Credit Suisse
  • 28
    Oct
FLNC Fluence Energy
$35.85 /

+0.95 (+2.72%)

Initiation
Fluence Energy initiated with an Outperform at Evercore ISI » 06:34
11/22/21
11/22
06:34
11/22/21
06:34
FLNC

Fluence Energy

$35.85 /

+0.95 (+2.72%)

Evercore ISI analyst…

Evercore ISI analyst James West initiated coverage of Fluence Energy with an Outperform rating and $47 price target.

ShowHide Related Items >><<
FLNC Fluence Energy
$35.85 /

+0.95 (+2.72%)

11/22/21 RBC Capital
Fluence Energy initiated with an Outperform at RBC Capital
11/22/21 Raymond James
Fluence Energy initiated with a Market Perform at Raymond James
11/22/21 Credit Suisse
Fluence Energy initiated with an Outperform at Credit Suisse
11/22/21 Citi
Fluence Energy initiated with a Buy at Citi
  • 28
    Oct
FLNC Fluence Energy
$35.85 /

+0.95 (+2.72%)

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