Fluence Energy Inc. (NASDAQ:FLNC) was a top performer last week, jumping by 14.22%. The company is set to release its Q1 financial highlights on February 4, with revenue targets between $3.2B and $3.6B for fiscal year 2026. Analysts at Morgan Stanley and RBC raised price targets for FLNC stock.

Morgan Stanley increased the price target to $16, while RBC gave a $12 fair value assessment. Fluence Energy Inc. (NASDAQ:FLNC) recently signed a long-term agreement with BrightNight and Cordelio Power for the supply of its Gridstack Pro energy storage solutions for a joint venture project in Arizona.

The joint venture project in Yuma County, Arizona, features a 300 MW AC solar facility with a 300 MW/1,200 MWh battery energy storage system. The project is expected to provide firm, on-demand capacity for Arizona’s electricity needs. The potential of FLNC as an investment is acknowledged, but some AI stocks are seen as holding greater promise for higher returns.

For investors looking for extremely cheap AI stocks, a free report on the best short-term AI stock is available. This article is originally published at Insider Monkey.

Read more at Yahoo Finance: Fluence Energy (FLNC) Climbs 14% Ahead of Earnings