Needham Starts Coverage of Fluence Energy (FLNC) with Neutral Rating

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Fintel announced that on March 20, 2026, Needham initiated coverage of Fluence Energy (NasdaqGS:FLNC) with a “Hold” recommendation. As of February 24, 2026, the average one-year price target for Fluence Energy is $19.02 per share, indicating a potential upside of 25.63% from its last closing price of $15.14.

Fluence Energy is projected to generate annual revenue of $3,880 million, reflecting a 52.08% increase, with a non-GAAP EPS forecast of 1.61—up 2,769.39% from the prior estimate. Institutional ownership has decreased by 24.47% in the last quarter, with 321 funds reporting positions in the company; total shares owned have fallen by 0.50% to 125.91 million shares. The put/call ratio stands at 0.60, indicating a bullish sentiment among investors.

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