Morgan Stanley Maintains Equal-Weight Rating for Fluence Energy: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Equal-Weight rating on Fluence Energy (NASDAQ:FLNC) and increased its price target from $27.00 to $32.00. Fluence Energy's shares are currently trading at $22.00, and the new price target suggests a potential upside of 45.45%. Fluence Energy specializes in energy storage products and services, with a significant portion of its revenue coming from the Americas.
December 08, 2023 | 5:00 pm
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Morgan Stanley reaffirmed its Equal-Weight rating on Fluence Energy and raised the price target to $32, indicating a significant potential upside from the current price of $22.
The increase in the price target by Morgan Stanley is a positive signal for investors, suggesting that the firm sees potential growth in Fluence Energy's stock value. This could lead to increased investor confidence and a potential short-term rise in the stock price, especially considering the substantial 45.45% upside from the current trading price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100