Fluence Energy Inc. (FLNC) saw its stock surge 5.19% in pre-market trading, driven by positive sentiment after multiple analysts raised their price targets for the company.
JP Morgan increased its target price to $11 from $10, while RBC raised its target to $10 from $9. Susquehanna was even more bullish, lifting its target to $20 from $17. Additionally, Morgan Stanley raised its target to $14 from $12, and Barclays increased its target to $15 from $13.
The series of upward revisions reflects growing optimism among analysts about Fluence Energy's future performance, contributing to the stock's pre-market rally.