News Formal

Bank of America sees energy storage as the one 'bright spot' in renewable industry, upgrades a name

  • 📰 CNBC
  • ⏱ Reading Time:
  • 2 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The bank upgraded the stock to buy from neutral and raised its price target to $26 per share from $24.

Investors should bet on Fluence Energy as storage demand for renewable energy grows with robust interest from asset owners across the country and input costs for battery cells rapidly decline, according to Bank of America. The bank upgraded the stock to buy from neutral and raised its price target to $26 per share from $24, calling a "bright spot" in the renewable energy space. The new forecast implies upside of 42% from Tuesday's close.

mountain FLNC in 2023

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The $26 trillion Treasury market is showing resilience in a year of extreme volatility, regulators sayJoy Wiltermuth is a news editor and senior markets reporter based in San Francisco.
Source: MarketWatch - 🏆 3. / 97 Read more »

Bank of America Corp. stock falls Monday, underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »