UBS upgrades Fluence Energy to 'neutral'; shares rise
FLNC•Revenue forecast cut earlier this month
Earlier this month, FLNC trimmed its annual revenue forecast to $2.9 billion to $3.1 billion, down from $3.2 billion to $3.6 billion.
Analyst sentiment and year-to-date performance
Six of 23 brokerages rate the stock "buy" or higher, 14 "hold" and three "sell"; their median price target is $16, according to data compiled by LSEG.
Including session's moves, the stock is down 43.6% year to date.
UBS lifts rating and price target on Fluence Energy
Shares of energy storage provider Fluence Energy FLNC.O gained 3% to $11.2 after UBS upgraded the stock to "neutral" from "sell" and raised its price target to $12 from $9, which represents a 10.9% upside to the stock's last close.
The brokerage said, "guidance cut sets up more attractive YoY benchmark for FY2027 earnings growth & risk/reward now more balanced".
