Jefferies analyst Julien Dumoulin-Smith initiated coverage of Fluence Energy with a Buy rating and $26 price target. Fluence is a provider of large scale lithium ion battery packages and associated software packages, the analyst tells investors in a research note. The firm says this is a “key bridge” in the energy transition to optimize excess hours of wind and solar generation. It expects the company’s “already robust” growth to continue to compound into 2025.
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