Piper Sandler raised the firm’s price target on Fluence Energy (FLNC) to $20 from $18 and keeps a Neutral rating on the shares. Despite excellent Q4 results, encapsulated by the 28% EBITDA beat that pushed full year results to the higher end of prior guidance, Fluence Energy came under pressure following earnings, the firm notes. Piper attributes the weakness to pre-earnings outperformance, 2025 revenue midpoint slightly beneath prior guidance that was repeatedly reiterated during 2024 despite earlier market skepticism, 2025 backlog coverage, and 80% second half of the year revenue weighting.
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Read More on FLNC:
- Fluence Energy Reports Record Year, Eyes Growth in 2025
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