Truist Securities Starts Fluence Energy Inc. (FLNC) at Buy

Truist Securities analyst Jordan Levy initiates coverage on Fluence Energy Inc. (NASDAQ: FLNC) with a Buy rating and a price target of $25.00.

The analyst commented: "As a leading global market supplier into the still nascent, high-growth battery energy storage space, we see Fluence as well positioned to drive outsized growth via its improving economies of scale/supply chain position & differentiated tech. Further, we see FLNC's unmatched scale & software capabilities creating additional opportunities for upside potential in AI/data center deployments, both from large-scale PPA-linked contracts & emerging behind-the-meter applications. As we see tailwinds for BESS deployments continuing to grow, we initiate coverage with a Buy rating and $25 PT derived from a 12x multiple on our cal '25E EBITDA."

For an analyst ratings summary and ratings history on Fluence Energy Inc. click here. For more ratings news on Fluence Energy Inc. click here.

Shares of Fluence Energy Inc. closed at $17.01 yesterday.

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