Fluence Energy (FLNC) saw a 22% increase in share prices last week, backed by positive coverage from seven investment firms. UBS raised its price target for FLNC by 175% to $22, while Citigroup set a new target of $20. Jefferies, Goldman Sachs, Susquehanna, Morgan Stanley, and Canaccord also gave bullish ratings, with targets ranging from $14 to $25.

The upgrades were based on Fluence Energy’s strong growth potential compared to peers, along with expected improvements in gross margins. Various investment firms, including UBS, Citigroup, Jefferies, Goldman Sachs, Susquehanna, Morgan Stanley, and Canaccord, raised their price targets for FLNC by significant margins, reflecting confidence in the company’s performance.

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Read more at Yahoo Finance: Fluence Energy (FLNC) Gains 22% as 7 Analysts Grow Bullish