Fluence Energy rises after Mizuho starts coverage with 'outperform' rating

Fluence Energy

05/03/2025 12:04

** Shares of renewable energy storage provider Fluence Energy FLNC.O rise 2.7% to $5.35 premarket

** Mizuho initiates coverage on co with "outperform" rating and PT of $8

** "FLNC is one of the top storage integrators in the world with >15% market share in North America and a growing presence in EMEA/APAC" - Mizuho analysts

** 10 brokerages rate company "buy" or higher, while 12 rate it "hold" and 1 rates "strong sell"; median PT at $10 - LSEG

** As of last close, stock is down 67.2% YTD

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)

 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))