We recently published Lackluster Market? Not for These 10 Soaring Stocks. Fluence Energy, Inc. (NASDAQ:FLNC) is one of the best-performing stocks on Friday.
Fluence Energy snapped a three-day losing streak on Friday, jumping 10.22 percent to finish at $17.91 apiece as investors took heart from an investment firm’s higher price target for the company.
In a market note on Thursday, Roth Capital markedly raised its price target for Fluence Energy, Inc. (NASDAQ:FLNC) to $17 from $7 previously. The new figure still marks a 5.35 percent upside from its latest closing price.
Pixabay/Public Domain
On November 24, after market close, Fluence Energy, Inc. (NASDAQ:FLNC) will release the results of its financial and operating highlights for the fourth quarter of fiscal year 2025.
Fluence Energy, Inc. (NASDAQ:FLNC) already guided earlier that it would likely hit only the lower range of its $2.6 billion to $2.8 billion guidance due to a slower-than-expected production expansion at its recently commissioned US manufacturing facilities. However, the expected revenues from the delay are projected to carry over to fiscal year 2026.
“These facilities are expected to reach targeted capacity by calendar year-end, ensuring on-time customer deliveries and strengthening Fluence’s domestic content position,” it said.
While we acknowledge the potential of FLNC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
