Fluence Energy’s Strategic Growth and Positioning in the Energy Storage Sector: Analyst Justifies Buy Rating Despite Reduced Price Target

Evercore ISI analyst Jason Bandel maintained a Buy rating on Fluence Energy (FLNC – Research Report) today and set a price target of $26.00.

Jason Bandel gave his rating based on several factors that highlight Fluence Energy’s growth potential and strategic positioning in the energy storage sector. The company is experiencing robust growth, supported by favorable legislation and a strong ability to source materials domestically. Despite some investor skepticism due to unmet expectations and a heavily weighted second half of the fiscal year 2025, Fluence’s digital offerings are gaining market traction, with a significant digital backlog.
Fluence’s asset-light manufacturing approach offers scalability, particularly with the ramp-up of its Utah facility, which will also enable the monetization of tax credits in the coming years. The company’s strategy includes expanding operations, increasing recurring revenue through a SaaS model, diversifying its manufacturing and supply chain, and achieving sustained top-line growth and improved margins. With a strong presence in utility-scale energy storage, a solid backlog, and a battery-agnostic approach, Fluence is well-positioned to capitalize on the energy evolution, justifying the Buy rating despite the reduced price target.

According to TipRanks, Bandel is ranked #7561 out of 9180 analysts.

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Fluence Energy (FLNC) Company Description:

Fluence Energy Inc is enabling the global clean energy transition with market- leading energy storage products and services, and digital applications for renewables and storage.