Fluence Energy rises as Jefferies upgrades to 'buy' on demand recovery

Fluence Energy

10/02/2026 09:58

** Shares of renewable energy storage provider Fluence Energy FLNC.O rise 4.38% to $20.25 premarket

** Jefferies upgrades stock to "buy" from "hold"

** Brokerage says co benefits from a clear recovery in U.S. demand, backlog‑supported FY26 growth and long‑term upside from data‑center projects

** Visibility remains strong in the coming years, supported by grid‑reliability needs, boosting U.S. demand; APAC and EMEA benefit from clean‑energy transition tailwinds - Jefferies

** FLNC last week reaffirmed its revenue guidance of $3.2 billion to $3.6 billion for fiscal year 2026

** 4 of 20 brokerages rate the stock "buy" or higher, 12 "hold" and 4 "sell" or lower; median PT is $18.5 - data compiled by LSEG

** FLNC rose 24.56% in 2025

(Reporting by Kanishka Ajmera in Bengaluru)

((mail to: Kanishka.Ajmera@thomsonreuters.com))